Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget+0.008%7-day average −0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$672as in the Funding arb table

Net, price: spread back to 7d avg − costs−$661as in the Price arb table

costs, in and out, $10k−$6726.721% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.008%, 7d avg −0.103%

Together, before fees−0.146%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.111% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BXUSDT	126.33	0	get 0.0000% / 8h	5h 27m	$898K	$24K	20x
Short	SunX BX-USDT	126.34	0	get 0.0000% / 8h	5h 27m	$758	$275K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee SunXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.103%: $11.08
Slippage, 4 orders: −$652.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$661.02
Costs to cover: 6.721%
Break-even: never at this rate

Slippage from Bitget: live order book, 16 min ago; SunX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 16 min ago	16.99 bp	37.9 bp −$38	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	49.45 bp	125.5 bp −$125	doesn't fit	doesn't fit	doesn't fit

BX on 14 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BXUSDT	0.0000%	8h	126.15	−0.142%	$5K	$868	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.33	0.000%	$771K	$516K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.34	+0.008%	$475K	$822K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.19	−0.111%	$163K	$115K	10x	as long as short
QFEX BX-USD	0.0000%	1h	123.76	−2.034%	$1.1M	$1.1M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.39	+0.047%	$420K	$23K	20x	as long as short
Bitget BXUSDTlong	0.0000%	8h	126.33	long leg	$898K	$24K	20x
Variational Omni BX	0.0000%	8h	126.36	+0.020%	$43K	$12K	—	as long as short
SunX BX-USDTshort	0.0000%	8h	126.34	+0.008%	$758	$275K	10x
HTX BX-USDT	0.0000%	8h	126.33	0.000%	$7K	$3K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BX	+0.0050%	1h	126.22	−0.087%	$664K	$268K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.01	−0.253%	$115K	$844K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	139.59	+10.496%	$4K	$31K	12x	as long as short
GRVT BX_USDT_Perp	+0.0287%	8h	126.36	+0.024%	$526	$110K	10x	as long as short