Funding arb · Price arb /

RED

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against SunX−2.340%46s7-day average −2.390% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 3 days (all we have)+0.468%+$47 · spread now −2.340%, 7d avg −2.390%

Together, before fees+0.382%+$38 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: Binance is 0.050% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −2.390%. The two prices were read 46 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	SunX RED-USDT	0.1597	0.0100	pay 0.0050% / 4h	3h 08m	$1K	$706K	20x
Short	Binance REDUSDT	0.1560	0.0100	get 0.0050% / 4h	3h 08m	$2.4M	$3.9M	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee BinancebpOrdersPrice spread, now −2.340%Rate

Funding earned: $0
Price spread: −2.340% → −2.390%: $4.98
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.02
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 43 min ago; Binance: live order book, 13 min ago. Net counts fees only.

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, 43 min ago	255.75 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	3.22 bp	26.0 bp −$26	105.1 bp −$1,051	doesn't fit	doesn't fit

RED on 10 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
BloFin RED-USDT	+0.0047%	4h	0.1561	−2.248%	$226K	$5K	25x	as long as short
Aster REDUSDT	+0.0100%	4h	0.1560	−2.303%	$28K	$37K	5x	as long as short
Binance REDUSDTshort	+0.0100%	4h	0.1560	−2.340%	$2.4M	$3.9M	50x
Bybit REDUSDT	+0.0100%	4h	0.1562	−2.192%	$2.1M	$1.7M	25x	as long as short
Gate RED_USDT	+0.0100%	4h	0.1562	−2.192%	$360K	$149K	25x	as long as short
Bitget REDUSDT	+0.0100%	4h	0.1561	−2.254%	$743K	$303K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1560	−2.336%	$26K	$3K	—	as long as short
SunX RED-USDTlong	+0.0100%	4h	0.1597	long leg	$1K	$706K	20x
Extended RED-USD	+0.0104%	1h	0.1560	−2.339%	$31	—	5x	as long as short
MEXC RED_USDT	+0.0386%	4h	0.1559	−2.379%	$554K	$176K	20x	as long as short