Settings8H · net · $10k
Funding arb · Price arb /

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0312%/8h= −34.2% APRnext payment $1.56 per $10,000 · paid last 24h −0.106%
Price spread now: SunX against BingX−0.083%7-day average −0.160% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.820%−$82 on $10k
Price spread, last 4 days (all we have)−0.355%−$35 · spread now −0.083%, 7d avg −0.160%
Together, before fees−1.174%−$117 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.077% dearer against BingX than usual: you sell high and buy low (spread −0.083% now, against its 7-day average of −0.160%): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 20 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 4-USDT0.020500.0412pay 0.0206% / 4h38m 10s$1.4M
ShortSunX 4-USDT0.020480.0100get 0.0050% / 4h38m 10s$1K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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

Funding earned
−$65.52
Price spread: −0.083% → −0.160%
$7.74
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$75.78
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 8 min ago; SunX: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 8 min ago30.40 bp55.0 bp −$55130.8 bp −$1,308doesn't fitdoesn't fit
Sell SunX live order book, 6 min ago502.57 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

4 on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni 4+0.0100%4h0.02051+0.088%$49K$12Kas long as short
SunX 4-USDTshort+0.0100%4h0.02048−0.083%$1K$1.5M20x
Bybit 4USDT+0.0101%4h0.02049−0.034%$2.7M$2.1M5xas long as short
Aster 4USDT+0.0278%4h0.02051+0.060%$242K$115K5xas long as short
KuCoin 4USDTM+0.0368%4h0.02048−0.083%$883K$12.6M20xas long as short
BingX 4-USDTlong+0.0412%4h0.02050long leg$1.4M
MEXC 4_USDT+0.0442%4h0.02051+0.063%$1.7M$960K100xas long as short
Binance 4USDT+0.0443%4h0.02051+0.083%$8.1M$14.1M20xas long as short
Gate 4_USDT+0.0620%4h0.02052+0.102%$563K$331K20xas long as short