Funding you earn now, next payment 11:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.007%
Price spread now: Coinbase International against SunX−0.003%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.003%, 7d avg +0.052%
=Funding pays, the price is against you. Coinbase International is 0.055% cheaper against SunX than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.052%). If the spread goes back, that is −$6 on $10k: about 6.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.007% in total) that is about 56 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BTC-USDT | 85,876.7 | 0.0100 | pay 0.0100% / 8h | 4h 49m | $3.3M | $6.8M | 100x |
| Short | Coinbase International BTC-PERP-INTX | 85,874.1 | 0.0128 | get 0.0016% / 1h | 49m 27s | $112.1M | $4.92B | 50x |
SunX BTC-USDT
Coinbase International BTC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.88
- Price spread: −0.003% → +0.052%
- −$5.52
- Slippage, 4 orders
- −$0.63
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$18.26
- Costs to cover
- 0.186%
- Break-even
- 28.7 days
Slippage from SunX: live order book, 13 min ago; Coinbase International: live order book, 3 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, 13 min ago | 0.31 bp | 4.3 bp −$4 | 4.9 bp −$49 | 6.9 bp −$690 | 10.1 bp −$5,059 |
| Sell Coinbase International live order book, 3 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.4 bp −$540 | 10.3 bp −$5,135 |
BTC on 56 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0150% | 1h | 85,939 | +0.073% | $2.1M | $7.7M | 40x | as long as short |
| Perpl BTC | −0.0112% | 43m | 85,837.3 | −0.046% | $474K | $13.4M | 6.7x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,930 | +0.062% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0043% | 8h | 85,880.7 | +0.005% | $421.7M | $549.4M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,836.8 | −0.046% | $370K | $1.8M | 50x | as long as short |
| SoDEX BTC-USD | −0.0010% | 1h | 85,880 | +0.004% | $65.8M | $187.0M | 40x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,826.4 | −0.059% | $16.8M | $13.6M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0001% | 1h | 85,912 | +0.041% | $321K | $28.0M | 52x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,754.5 | −0.142% | $36.8M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0015% | 8h | 85,827.5 | −0.057% | $510.9M | $831.7M | 200x | as long as short |
Phoenix BTC
Perpl BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
SoDEX BTC-USD
dYdX BTC-USD
Injective BTC/USDC PERP
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0019% | 1h | 85,856.5 | −0.024% | $192.4M | $738.8M | 100x | as long as short |
| Popdex BTCUSDT | +0.0040% | 1h | 85,839 | −0.044% | $8.6M | $45.5M | 100x | as long as short |
| BingX BTC-USDC | +0.0047% | 8h | 85,741.6 | −0.157% | — | $16.1M | — | as long as short |
| KuCoin XBTUSDTM | +0.0053% | 8h | 85,808.7 | −0.079% | $942.4M | $633.6M | 125x | as long as short |
| Bybit BTCUSDT | +0.0060% | 8h | 85,833.3 | −0.051% | $5.14B | $7.99B | 150x | as long as short |
| Phemex BTCUSDT | +0.0070% | 8h | 85,820.9 | −0.065% | $170.8M | $474.3M | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 85,857.6 | −0.022% | $2.4M | $6.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0075% | 8h | 85,793.4 | −0.097% | $5.15B | $4.70B | 500x | as long as short |
| Binance BTCUSDT | +0.0075% | 8h | 85,839.9 | −0.043% | $9.41B | $20.04B | 150x | as long as short |
| Gate BTC_USDT | +0.0076% | 8h | 85,836.8 | −0.046% | $5.50B | $8.75B | 200x | as long as short |
| HTX BTC-USDT | +0.0081% | 8h | 85,843.5 | −0.039% | $2.27B | $770.3M | 200x | as long as short |
| ApeX Omni BTCUSDT | +0.0085% | 1h | 85,897.1 | +0.024% | $137.7M | $288.5M | 100x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,814.5 | −0.072% | $3.00B | $3.84B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,790.6 | −0.100% | $173.1M | $831.5M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,802.5 | −0.086% | $23.8M | $117.0M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,797 | −0.093% | $223K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,822.5 | −0.063% | $5.9M | $7.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,875.6 | −0.001% | $23.3M | $189.5M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,825.3 | −0.060% | $40.0M | $569.3M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,832.7 | −0.051% | $2.63B | $9.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,813 | −0.074% | $4.0M | $14.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,830.1 | −0.054% | $4.8M | $91.4M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,814.1 | −0.073% | $38.2M | $196.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,863.5 | −0.015% | $156.6M | $472.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,863 | −0.016% | $289.4M | $732.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,886.7 | +0.012% | $215.6M | $132.6M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,908.8 | +0.037% | $30.2M | $227.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,890.7 | +0.016% | — | $10.1M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,812 | −0.075% | $11.0M | $12.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,786 | −0.106% | $216K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,869.6 | −0.008% | $2.6M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,887.2 | +0.012% | $143K | $608K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,930.7 | +0.063% | $29.1M | $44.6M | 15x | as long as short |
| SunX BTC-USDTlong | +0.0100% | 8h | 85,876.7 | long leg | $3.3M | $6.8M | 100x | |
| Bulk BTC-USD | +0.0100% | 1h | 85,951.1 | +0.087% | $715.0M | $86.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,790.3 | −0.101% | $47.3M | $191.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,823.5 | −0.062% | — | $79.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTXshort | +0.0128% | 1h | 85,874.1 | −0.003% | $112.1M | $4.92B | 50x | |
| Kalshi KXBTCPERP | +0.0157% | 8h | 85,906 | +0.034% | $13.0M | $738.2M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0165% | 1h | 85,858.2 | −0.022% | $9.1M | $35.5M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0172% | 1h | 85,797.9 | −0.092% | $6.6M | $125.3M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0207% | 1h | 85,906.2 | +0.034% | $819.8M | $1.49B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0211% / S −0.0252% | 1h | 85,774.4 | −0.119% | $15.5M | — | 200x | as long as short |
| Hyperliquid BTC | +0.0220% | 1h | 85,917 | +0.047% | $3.95B | $4.16B | 40x | as long as short |
| Hibachi BTC/USDT-P | +0.0296% | 1h | 85,960.7 | +0.098% | $695K | $6.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0315% | 1h | 85,906.4 | +0.035% | $79K | $228K | 20x | as long as short |
Kraken Futures PF_XBTUSD
Popdex BTCUSDT
BingX BTC-USDC
KuCoin XBTUSDTM
Bybit BTCUSDT
Phemex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
HTX BTC-USDT
ApeX Omni BTCUSDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kalshi KXBTCPERP
RISEx BTC/USDC
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Hyperliquid BTC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD