Funding arb · Price arb /

TEAM

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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 −0.028%

Price spread now: SunX against Binance−0.187%46s7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$324as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3213.210% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 2 days (all we have)+0.214%+$21 · spread now −0.187%, 7d avg +0.026%

Together, before fees+0.187%+$19 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 0.213% cheaper against Binance than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.026%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TEAMUSDT	196.92	0	get 0.0000% / 8h	56m 30s	$70K	$445K	20x
Short	SunX TEAM-USDT	196.55	0	get 0.0000% / 8h	56m 30s	—	$874K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.187%Rate

Funding earned: $0
Price spread: −0.187% → +0.026%: −$21.28
Slippage, 4 orders: −$302.98
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$342.26
Costs to cover: 3.210%
Break-even: never at this rate

Slippage from Binance: live order book, 20 min ago; SunX: live order book, 66 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 Binance live order book, 20 min ago	5.34 bp	51.5 bp −$51	188.2 bp −$1,882	doesn't fit	doesn't fit
Sell SunX live order book, 66 min ago	74.72 bp	97.8 bp −$98	doesn't fit	doesn't fit	doesn't fit

TEAM on 10 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
edgeX TEAMUSDC	−0.0685%	4h	196.53	−0.199%	—	$16K	10x	as long as short
BloFin TEAM-USDT	−0.0015%	8h	196.39	−0.268%	$13K	$14K	20x	as long as short
Binance TEAMUSDTlong	0.0000%	8h	196.92	long leg	$70K	$445K	20x
Bybit TEAMUSDT	0.0000%	8h	196.70	−0.111%	$43K	$159K	25x	as long as short
OKX TEAM-USDT-SWAP	0.0000%	8h	196.40	−0.263%	$15K	$439K	20x	as long as short
Gate TEAM_USDT	0.0000%	8h	196.34	−0.293%	$17K	$13K	20x	as long as short
Bitget TEAMUSDT	0.0000%	8h	196.55	−0.187%	$52K	$109K	20x	as long as short
SunX TEAM-USDTshort	0.0000%	8h	196.55	−0.187%	—	$874K	10x
HTX TEAM-USDT	0.0000%	8h	196.48	−0.222%	$6K	$326K	20x	as long as short
Extended TEAM-USD	+0.0040%	1h	195.44	−0.753%	—	—	5x	as long as short