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: Bybit against SunX+0.108%7-day average +0.065% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.108%, 7d avg +0.065%

Together, before fees−0.051%−$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: Bybit is 0.043% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX COST-USDT	898.10	0	get 0.0000% / 8h	6h 16m	$2K	$3.0M	10x
Short	Bybit COSTUSDT	899.07	0	get 0.0000% / 8h	6h 16m	$491K	$218K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → +0.065%: $4.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$14.71
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 12 min ago; Bybit: live order book, 44 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 SunX live order book, 12 min ago	500.67 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 44 min ago	4.95 bp	21.6 bp −$22	196.7 bp −$1,967	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	898.87	+0.085%	$45K	$178	20x	as long as short
Bybit COSTUSDTshort	0.0000%	8h	899.07	+0.108%	$491K	$218K	25x
OKX COST-USDT-SWAP	0.0000%	8h	898.88	+0.087%	$444K	$107K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.17	+0.119%	$520K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.70	+0.067%	$403K	$111K	25x	as long as short
SunX COST-USDTlong	0.0000%	8h	898.10	long leg	$2K	$3.0M	10x
HTX COST-USDT	0.0000%	8h	900.99	+0.322%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	898.51	+0.046%	$1.1M	$3.0M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.681%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	+0.017%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.38	+0.031%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.56	+0.051%	$1.8M	$514K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.20	+0.011%	$47K	$868K	20x	as long as short
Variational Omni COST	+0.0160%	8h	898.71	+0.068%	$42K	$17K	—	as long as short
Binance COSTUSDT	+0.0297%	8h	898.88	+0.087%	$1.1M	$936K	20x	as long as short