Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX+0.040%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$263as in the Funding arb table

Net, price: spread back to 7d avg − costs−$270as in the Price arb table

costs, in and out, $10k−$2632.633% of the position

Long on SunX Short on Bitget

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)+0.092%+$9 · spread now +0.040%, 7d avg +0.106%

Together, before fees+0.092%+$9 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: Bitget is 0.066% cheaper against SunX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BX-USDT	126.37	0	get 0.0000% / 8h	2h 28m	$967	$313K	10x
Short	Bitget BXUSDT	126.42	0	get 0.0000% / 8h	2h 28m	$900K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.106%: −$6.62
Slippage, 4 orders: −$243.34
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$269.96
Costs to cover: 2.633%
Break-even: never at this rate

Slippage from SunX: live order book, 42 min ago; Bitget: live order book, 17 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 SunX live order book, 42 min ago	48.67 bp	88.1 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 17 min ago	19.76 bp	51.2 bp −$51	68.0 bp −$680	doesn't fit	doesn't fit

BX on 14 venues

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	126.26	−0.090%	$5K	$2K	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.37	+0.002%	$776K	$494K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.33	−0.032%	$482K	$803K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.24	−0.103%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.95	+0.459%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.45	+0.063%	$422K	$25K	20x	as long as short
Bitget BXUSDTshort	0.0000%	8h	126.42	+0.040%	$900K	$37K	20x
Variational Omni BX	0.0000%	8h	126.37	−0.004%	$43K	$12K	—	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.41	+0.029%	$373	$106K	10x	as long as short
SunX BX-USDTlong	0.0000%	8h	126.37	long leg	$967	$313K	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BX-USDT	0.0000%	8h	126.81	+0.348%	$7K	$4K	20x	as long as short
tradeXYZ xyz:BX	+0.0044%	1h	126.28	−0.071%	$664K	$221K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.19	−0.142%	$114K	$855K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.789%	$4K	$32K	12x	as long as short