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

BR

all BR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1136%/8h= +124.3% APRnext payment +$5.68 per $10,000 · paid last 24h +0.287%
Price spread now: Binance against SunX+0.291%46s7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs+$21as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1521.521% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.734%+$173 on $10k
Price spread, last 3 days (all we have)−0.268%−$27 · spread now +0.291%, 7d avg +0.040%
Together, before fees+1.467%+$147 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Binance is 0.251% dearer against SunX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.040%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BR-USDT1.10600.0100pay 0.0050% / 4h49m 34s$693K10x
ShortBinance BRUSDT1.10920.1236get 0.0618% / 4h49m 34s$53.1M$161.3M25x

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

Funding earned
$238.46
Price spread: +0.291% → +0.040%
$25.14
Slippage, 4 orders
−$134.07
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
$111.53
Costs to cover
1.521%
Break-even
3.7 days
Slippage from SunX: live order book, 12 min ago; Binance: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 12 min ago45.13 bp63.3 bp −$63doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 9 min ago0.31 bp11.9 bp −$12doesn't fitdoesn't fitdoesn't fit

BR on 11 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
BingX BR-USDT+0.0080%4h1.1056−0.038%$6.3Mas long as short
Bybit BRUSDT+0.0100%4h1.1040−0.182%$10.8M$25.7M5xas long as short
Gate BR_USDT+0.0100%4h1.1043−0.153%$7.4M$8.6M20xas long as short
Variational Omni BR+0.0100%4h1.1035−0.232%$262K$296Kas long as short
SunX BR-USDTlong+0.0100%4h1.1060long leg$693K10x
HTX BR-USDT+0.0100%4h1.1110+0.451%$85K$239K20xas long as short
KuCoin BRUSDTM+0.0188%4h1.1057−0.031%$4.8M$5.3M30xas long as short
Aster BRUSDT+0.0466%4h1.1047−0.115%$723K$2.7M5xas long as short
Bitget BRUSDT+0.0574%4h1.1070+0.091%$8.1M$12.5M10xas long as short
Binance BRUSDTshort+0.1236%4h1.1092+0.291%$53.1M$161.3M25x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BR_USDT+0.1238%4h1.1079+0.174%$15.3M$7.4M100xas long as short