Funding you earn now, next payment 08:00 UTC−0.0591%/8h= −64.7% APRnext payment −$2.96 per $10,000 · paid last 24h −0.178%
Price spread now: SunX against Binance+0.091%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costs−$231as in the Price arb table
costs, in and out, $10k−$2282.282% of the position
Funding, last 7 days−0.417%−$42 on $10k
+Price spread, last 4 days (all we have)+0.175%+$17 · spread now +0.091%, 7d avg +0.120%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and SunX is 0.029% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.120%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUSDT | 1.3559 | 0.0691 | pay 0.0346% / 4h | 21m 37s | $5.4M | $3.9M | 10x |
| Short | SunX M-USDT | 1.3571 | 0.0100 | get 0.0050% / 4h | 21m 37s | $2K | $878K | 20x |
Binance MUSDT
SunX M-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Binance. 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
- −$124.18
- Price spread: +0.091% → +0.120%
- −$2.88
- Slippage, 4 orders
- −$210.2
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$355.26
- Costs to cover
- 2.282%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; SunX: live order book, 31 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 Binance live order book, 1 min ago | 0.37 bp | 22.6 bp −$23 | 398.1 bp −$3,981 | doesn't fit | doesn't fit |
| Sell SunX live order book, 31 min ago | 29.77 bp | 69.6 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
M on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate M_USDT | +0.0100% | 8h | 1.3528 | −0.226% | $1.8M | $910K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3551 | −0.056% | $2K | $510 | 10x | as long as short |
| SunX M-USDTshort | +0.0100% | 4h | 1.3571 | +0.091% | $2K | $878K | 20x | |
| Bybit MUSDT | +0.0147% | 4h | 1.3555 | −0.027% | $4.2M | $1.8M | 20x | as long as short |
| Aster MUSDT | +0.0387% | 4h | 1.3553 | −0.039% | $12K | $83K | 5x | as long as short |
| MEXC M_USDT | +0.0690% | 4h | 1.3557 | −0.012% | $233K | $109K | 50x | as long as short |
| BloFin M-USDT | +0.0690% | 4h | 1.3541 | −0.130% | $349K | $445K | 10x | as long as short |
| Binance MUSDTlong | +0.0691% | 4h | 1.3559 | long leg | $5.4M | $3.9M | 10x | |
| Variational Omni M | +0.1045% | 4h | 1.3563 | +0.036% | $91K | $49K | — | as long as short |
| BingX M-USDT | +0.1210% | 4h | 1.3548 | −0.079% | — | $2.4M | — | as long as short |
Gate M_USDT
Orderly PERP_M_USDC
Bybit MUSDT
Aster MUSDT
MEXC M_USDT
BloFin M-USDT
Variational Omni M
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUSDT | +0.1272% | 4h | 1.3558 | −0.005% | $1.8M | $254K | 10x | as long as short |
| KuCoin MUSDTM | +0.2320% | 4h | 1.3421 | −1.014% | $1.3M | $3.7M | 10x | as long as short |
Bitget MUSDT
KuCoin MUSDTM