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: Binance against SunX−0.001%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$318as in the Funding arb table

Net, price: spread back to 7d avg − costs−$319as in the Price arb table

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

Long on SunX Short on Binance

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)−0.028%−$3 · spread now −0.001%, 7d avg −0.023%

Together, before fees−0.001%$0 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: Binance is 0.022% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TEAM-USDT	196.52	0	get 0.0000% / 8h	51m 03s	—	$874K	10x
Short	Binance TEAMUSDT	196.52	0	get 0.0000% / 8h	51m 03s	$69K	$445K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → −0.023%: $2.21
Slippage, 4 orders: −$302.98
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$318.77
Costs to cover: 3.210%
Break-even: never at this rate

Slippage from SunX: live order book, 71 min ago; Binance: live order book, 26 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, 71 min ago	74.72 bp	150.0 bp −$150	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 26 min ago	5.34 bp	21.7 bp −$22	95.8 bp −$958	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	−0.0959%	4h	196.49	−0.016%	—	$17K	10x	as long as short
Binance TEAMUSDTshort	0.0000%	8h	196.52	−0.001%	$69K	$445K	20x
Bybit TEAMUSDT	0.0000%	8h	196.67	+0.076%	$43K	$159K	25x	as long as short
OKX TEAM-USDT-SWAP	0.0000%	8h	196.39	−0.066%	$15K	$439K	20x	as long as short
Gate TEAM_USDT	0.0000%	8h	196.34	−0.092%	$17K	$13K	20x	as long as short
Bitget TEAMUSDT	0.0000%	8h	196.53	+0.005%	$53K	$109K	20x	as long as short
SunX TEAM-USDTlong	0.0000%	8h	196.52	long leg	—	$874K	10x
HTX TEAM-USDT	0.0000%	8h	196.03	−0.249%	$6K	$326K	20x	as long as short
BloFin TEAM-USDT	+0.0002%	8h	196.42	−0.051%	$13K	$14K	20x	as long as short
Extended TEAM-USD	+0.0040%	1h	195.44	−0.552%	—	—	5x	as long as short