Funding arb · Price arb /

TEAM

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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 OKX+0.091%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$659as in the Price arb table

costs, in and out, $10k−$6636.634% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)0.000%$0 on $10k

Price spread, last 1 day (all we have)+0.108%+$11 · spread now +0.091%, 7d avg +0.050%

Together, before fees+0.108%+$11 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 0.041% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TEAM-USDT-SWAP	196.98	0	get 0.0000% / 8h	6h 57m	$15K	$442K	20x
Short	SunX TEAM-USDT	197.16	0	get 0.0000% / 8h	6h 57m	—	$879K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.050%: $4.12
Slippage, 4 orders: −$645.41
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$659.29
Costs to cover: 6.634%
Break-even: never at this rate

Slippage from OKX: live order book, 34 min ago; SunX: live order book, 45 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 OKX live order book, 34 min ago	9.14 bp	151.9 bp −$152	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 45 min ago	105.89 bp	200.5 bp −$201	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	−0.0095%	4h	197.10	+0.061%	—	$36K	10x	as long as short
Binance TEAMUSDT	0.0000%	8h	197.15	+0.088%	$69K	$425K	20x	as long as short
Bybit TEAMUSDT	0.0000%	8h	196.84	−0.071%	$43K	$157K	25x	as long as short
OKX TEAM-USDT-SWAPlong	0.0000%	8h	196.98	long leg	$15K	$442K	20x
Gate TEAM_USDT	0.0000%	8h	196.99	+0.005%	$17K	$12K	20x	as long as short
Bitget TEAMUSDT	0.0000%	8h	197.16	+0.091%	$59K	$86K	20x	as long as short
SunX TEAM-USDTshort	0.0000%	8h	197.16	+0.091%	—	$879K	10x
HTX TEAM-USDT	0.0000%	8h	197.15	+0.086%	$6K	$325K	20x	as long as short
BloFin TEAM-USDT	+0.0014%	8h	196.99	+0.005%	—	$15K	20x	as long as short
Extended TEAM-USD	+0.0040%	1h	196.90	−0.041%	—	—	5x	as long as short