Funding you earn now, next payment 12:00 UTC+0.0423%/8h= +46.3% APRnext payment +$2.11 per $10,000 · paid last 24h +0.178%
Price spread now: Binance against SunX−0.059%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$233as in the Price arb table
costs, in and out, $10k−$2392.386% of the position
Funding, last 7 days+0.417%+$42 on $10k
+Price spread, last 4 days (all we have)−0.207%−$21 · spread now −0.059%, 7d avg −0.120%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Binance is 0.061% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.120%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX M-USDT | 1.3493 | 0.0100 | pay 0.0050% / 4h | 3h 54m | $2K | $882K | 20x |
| Short | Binance MUSDT | 1.3485 | 0.0523 | get 0.0261% / 4h | 3h 54m | $5.3M | $3.9M | 10x |
SunX M-USDT
Binance MUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $88.79
- Price spread: −0.059% → −0.120%
- $6.06
- Slippage, 4 orders
- −$220.63
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$143.77
- Costs to cover
- 2.386%
- Break-even
- 18.3 days
Slippage from SunX: live order book, 58 min ago; Binance: live order book, 13 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, 58 min ago | 29.77 bp | 89.8 bp −$90 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.37 bp | 46.6 bp −$47 | 324.0 bp −$3,240 | 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 | 1.3481 | −0.089% | $4.2M | $1.7M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.3439 | −0.400% | $1.8M | $886K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3473 | −0.148% | $2K | $510 | 10x | as long as short |
| SunX M-USDTlong | +0.0100% | 4h | 1.3493 | long leg | $2K | $882K | 20x | |
| Aster MUSDT | +0.0245% | 4h | 1.3475 | −0.133% | $12K | $83K | 5x | as long as short |
| MEXC M_USDT | +0.0522% | 4h | 1.3485 | −0.059% | $234K | $107K | 50x | as long as short |
| BloFin M-USDT | +0.0522% | 4h | 1.3461 | −0.237% | $346K | $442K | 10x | as long as short |
| Binance MUSDTshort | +0.0523% | 4h | 1.3485 | −0.059% | $5.3M | $3.9M | 10x | |
| Variational Omni M | +0.0969% | 4h | 1.3441 | −0.387% | $90K | $49K | — | as long as short |
| BingX M-USDT | +0.1186% | 4h | 1.3477 | −0.119% | — | $2.4M | — | as long as short |
Bybit MUSDT
Gate M_USDT
Orderly PERP_M_USDC
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 | +0.1238% | 4h | 1.3486 | −0.052% | $1.7M | $247K | 10x | as long as short |
| KuCoin MUSDTM | +0.2122% | 4h | 1.3329 | −1.215% | $1.3M | $3.6M | 10x | as long as short |
Bitget MUSDT
KuCoin MUSDTM