Funding you earn now, next payment 00:00 UTC−0.1106%/8h= −121.1% APRnext payment −$5.53 per $10,000 · paid last 24h −0.508%
Price spread now: SunX against KuCoin+1.131%54s7-day average +0.931% · you sell dearer than you buy
Net, funding: paid 7d − costs−$784as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$5485.480% of the position
Funding, last 7 days−2.361%−$236 on $10k
+Price spread, last 3 days (all we have)−0.225%−$23 · spread now +1.131%, 7d avg +0.931%
=The price spread pays, funding is against you. SunX is 0.199% dearer against KuCoin than usual: you sell high and buy low (spread +1.131% now, against its 7-day average of +0.931%): +$20 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 14 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MUSDTM | 1.4743 | 0.1206 | pay 0.0603% / 4h | 3h 30m | $1.4M | $4.4M | 10x |
| Short | SunX M-USDT | 1.4910 | 0.0100 | get 0.0050% / 4h | 3h 30m | $2K | $527K | 20x |
KuCoin MUSDTM
SunX M-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against KuCoin. 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
- −$232.26
- Price spread: +1.131% → +0.931%
- $19.94
- Slippage, 4 orders
- −$528.05
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$760.37
- Costs to cover
- 5.480%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; SunX: live order book, 11 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 KuCoin live order book, 3 min ago | 32.46 bp | 201.0 bp −$201 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 11 min ago | 51.60 bp | 115.1 bp −$115 | 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 | 1.4916 | +1.171% | $4.7M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4908 | +1.117% | $2.0M | $898K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4917 | +1.178% | $1.9M | $345K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4924 | +1.228% | $91K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4931 | +1.273% | $2K | $139 | 10x | as long as short |
| SunX M-USDTshort | +0.0100% | 4h | 1.4910 | +1.131% | $2K | $527K | 20x | |
| Aster MUSDT | +0.0440% | 4h | 1.4934 | +1.293% | $15K | $117K | 5x | as long as short |
| BingX M-USDT | +0.0610% | 4h | 1.4923 | +1.219% | — | $2.4M | — | as long as short |
| BloFin M-USDT | +0.0619% | 4h | 1.4949 | +1.395% | $354K | $417K | 10x | as long as short |
| MEXC M_USDT | +0.0648% | 4h | 1.4932 | +1.280% | $249K | $113K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
Aster MUSDT
BingX M-USDT
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 | +0.0660% | 4h | 1.4932 | +1.280% | $5.5M | $4.5M | 10x | as long as short |
| KuCoin MUSDTMlong | +0.1206% | 4h | 1.4743 | long leg | $1.4M | $4.4M | 10x |
Binance MUSDT