Settings8H · net · $10k
Funding arb · Price arb /

M

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against SunX−0.138%7-day average −0.162% · you buy dearer than you sell
Net, funding: paid 7d − costs−$230as in the Funding arb table
Net, price: spread back to 7d avg − costs−$221as in the Price arb table
costs, in and out, $10k−$2242.237% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.063%−$6 on $10k
Price spread, last 3 days (all we have)−0.061%−$6 · spread now −0.138%, 7d avg −0.162%
Together, before fees−0.125%−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.025% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.162%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX M-USDT1.44950.0100pay 0.0050% / 4h0m 59s$2K$639K20x
ShortBybit MUSDT1.44750.0100get 0.0050% / 4h0m 59s$4.6M$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.138% → −0.162%
$2.45
Slippage, 4 orders
−$204.7
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$221.25
Costs to cover
2.237%
Break-even
never at this rate
Slippage from SunX: live order book, 60 min ago; Bybit: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 60 min ago30.88 bp105.7 bp −$106doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 7 min ago3.80 bp34.3 bp −$34241.7 bp −$2,417doesn't fitdoesn't fit

M on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MUSDTshort+0.0100%4h1.4475−0.138%$4.6M$2.4M20x
Gate M_USDT+0.0100%8h1.4449−0.317%$1.9M$958K10xas long as short
Variational Omni M+0.0100%4h1.4449−0.317%$90K$43Kas long as short
Orderly PERP_M_USDC+0.0100%4h1.4481−0.097%$2K$59610xas long as short
SunX M-USDTlong+0.0100%4h1.4495long leg$2K$639K20x
Bitget MUSDT+0.0112%4h1.4487−0.055%$1.9M$355K10xas long as short
Aster MUSDT+0.1095%4h1.4479−0.109%$15K$116K5xas long as short
BingX M-USDT+0.1418%4h1.4480−0.103%$2.4Mas long as short
MEXC M_USDT+0.1504%4h1.4482−0.090%$243K$113K50xas long as short
Binance MUSDT+0.1513%4h1.4480−0.103%$5.5M$4.8M10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin M-USDT+0.1520%4h1.4485−0.069%$350K$432K10xas long as short
KuCoin MUSDTM+0.1942%4h1.4371−0.858%$1.4M$4.3M10xas long as short