Funding you earn now, next payment 00:00 UTC−0.0602%/8h= −65.9% APRnext payment −$3.01 per $10,000 · paid last 24h −0.118%
Price spread now: SunX against BingX+0.259%7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs−$247as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2262.262% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.259%, 7d avg +0.123%
=The price spread pays, funding is against you. SunX is 0.135% dearer against BingX than usual: you sell high and buy low (spread +0.259% now, against its 7-day average of +0.123%): +$14 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.210% in total) that is about 4.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.210% in total (about -10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.01 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX M-USDT | 1.4695 | 0.0702 | pay 0.0351% / 4h | 2h 09m | — | $2.4M | — |
| Short | SunX M-USDT | 1.4733 | 0.0100 | get 0.0050% / 4h | 2h 09m | $2K | $542K | 20x |
BingX M-USDT
SunX M-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$126.42
- Price spread: +0.259% → +0.123%
- $13.53
- Slippage, 4 orders
- −$208.2
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$339.09
- Costs to cover
- 2.262%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; SunX: live order book, 2 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 BingX live order book, 9 min ago | 9.50 bp | 26.5 bp −$26 | 89.5 bp −$895 | doesn't fit | doesn't fit |
| Sell SunX live order book, 2 min ago | 30.88 bp | 85.8 bp −$86 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4695 | 0.000% | $4.7M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4684 | −0.075% | $2.0M | $898K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4701 | +0.041% | $1.9M | $343K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4714 | +0.128% | $90K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4747 | +0.354% | $2K | $139 | 10x | as long as short |
| SunX M-USDTshort | +0.0100% | 4h | 1.4733 | +0.259% | $2K | $542K | 20x | |
| Aster MUSDT | +0.0461% | 4h | 1.4712 | +0.118% | $15K | $115K | 5x | as long as short |
| BloFin M-USDT | +0.0688% | 4h | 1.4750 | +0.374% | $352K | $404K | 10x | as long as short |
| BingX M-USDTlong | +0.0702% | 4h | 1.4695 | long leg | — | $2.4M | — | |
| MEXC M_USDT | +0.0750% | 4h | 1.4709 | +0.095% | $247K | $112K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
Aster MUSDT
BloFin M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.0751% | 4h | 1.4699 | +0.029% | $5.5M | $4.5M | 10x | as long as short |
| KuCoin MUSDTM | +0.0878% | 4h | 1.4610 | −0.578% | $1.4M | $4.4M | 10x | as long as short |
Binance MUSDT
KuCoin MUSDTM