Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX−0.015%7-day average −0.053% · you buy dearer than you sell

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 days−0.011%−$1 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now −0.015%, 7d avg −0.053%

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 0.038% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BASED-USDT	0.06839	0.0100	pay 0.0050% / 4h	3h 41m	$1K	$836K	20x
Short	Bybit BASEDUSDT	0.06838	0.0100	get 0.0050% / 4h	3h 41m	$2.1M	$590K	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 −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.053%: $3.81
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$15.19
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Bybit: live order book, 5 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, 10 min ago	500.84 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	5.86 bp	62.2 bp −$62	958.6 bp −$9,586	doesn't fit	doesn't fit

BASED 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
BloFin BASED-USDT	+0.0051%	4h	0.06838	−0.015%	$251K	$41K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06847	+0.117%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDTshort	+0.0100%	4h	0.06838	−0.015%	$2.1M	$590K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06841	+0.029%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06845	+0.088%	$545K	$531K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06843	+0.058%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06834	−0.073%	$573K	$55K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06848	+0.132%	$1.3M	$352K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06842	+0.044%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06819	−0.293%	$93K	$21K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06831	−0.112%	$91K	$382K	10x	as long as short
SunX BASED-USDTlong	+0.0100%	4h	0.06839	long leg	$1K	$836K	20x
Extended BASED-USD	+0.0104%	1h	0.06845	+0.094%	$7K	$250K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0294%	4h	0.06848	+0.132%	$3K	$652	10x	as long as short
Aster BASEDUSDT	+0.0336%	4h	0.06845	+0.090%	$29K	$6K	5x	as long as short