Funding arb · Price arb /

COST

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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: SunX against Gate−0.041%7-day average −0.091% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate 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)−0.048%−$5 · spread now −0.041%, 7d avg −0.091%

Together, before fees−0.048%−$5 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 0.050% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COST_USDT	902.77	0	get 0.0000% / 8h	46m 12s	$523K	$8K	25x
Short	SunX COST-USDT	902.40	0	get 0.0000% / 8h	46m 12s	$2K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.091%: $4.96
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$18.04
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 55 min ago; SunX: live order book, 11 min ago. Net counts fees only.

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 Gate live order book, 55 min ago	7.31 bp	19.3 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	500.89 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	902.98	+0.024%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.94	+0.019%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	903.03	+0.029%	$491K	$169K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	903.08	+0.034%	$443K	$122K	10x	as long as short
Gate COST_USDTlong	0.0000%	8h	902.77	long leg	$523K	$8K	25x
Bitget COSTUSDT	0.0000%	8h	902.98	+0.023%	$401K	$82K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.83	+0.007%	$41K	$13K	—	as long as short
SunX COST-USDTshort	0.0000%	8h	902.40	−0.041%	$2K	$2.8M	10x
HTX COST-USDT	0.0000%	8h	903.95	+0.131%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0004%	1h	902.81	+0.004%	$1.1M	$2.4M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.195%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.501%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.67	−0.011%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.65	−0.013%	$1.8M	$508K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	902.20	−0.063%	$48K	$910K	20x	as long as short