Funding you earn now, next payment 04:00 UTC+0.1114%/8h= +122.0% APRnext payment +$5.57 per $10,000 · paid last 24h +0.163%
Price spread now: BingX against SunX−0.231%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2322.318% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now −0.231%, 7d avg −0.124%
=Funding pays, the price is against you. BingX is 0.107% cheaper against SunX than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of −0.124%). If the spread goes back, that is −$11 on $10k: about 8 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.276% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.276% in total (about 14.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.57 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 | SunX M-USDT | 1.4291 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $2K | $732K | 20x |
| Short | BingX M-USDT | 1.4258 | 0.1214 | get 0.0607% / 4h | 1h 35m | — | $2.4M | — |
SunX M-USDT
BingX M-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $233.94
- Price spread: −0.231% → −0.124%
- −$10.69
- Slippage, 4 orders
- −$213.76
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$8.51
- Costs to cover
- 2.318%
- Break-even
- 7.3 days
Slippage from SunX: live order book, 66 min ago; BingX: 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, 66 min ago | 33.52 bp | 116.0 bp −$116 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 9.47 bp | 24.3 bp −$24 | 80.6 bp −$806 | 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 | 1.4254 | −0.259% | $4.5M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4249 | −0.294% | $1.9M | $898K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4273 | −0.126% | $1.8M | $249K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4272 | −0.131% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4264 | −0.189% | $2K | $496 | 10x | as long as short |
| SunX M-USDTlong | +0.0100% | 4h | 1.4291 | long leg | $2K | $732K | 20x | |
| Aster MUSDT | +0.0924% | 4h | 1.4231 | −0.419% | $16K | $93K | 5x | as long as short |
| BingX M-USDTshort | +0.1214% | 4h | 1.4258 | −0.231% | — | $2.4M | — | |
| Binance MUSDT | +0.1219% | 4h | 1.4256 | −0.245% | $5.5M | $3.8M | 10x | as long as short |
| MEXC M_USDT | +0.1238% | 4h | 1.4252 | −0.273% | $240K | $106K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
Aster MUSDT
Binance MUSDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.1308% | 4h | 1.4254 | −0.259% | $356K | $434K | 10x | as long as short |
| KuCoin MUSDTM | +0.2800% | 4h | 1.4147 | −1.008% | $1.4M | $4.0M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM