Funding you earn now, next payment 07:00 UTC+0.0352%/8h= +38.5% APRpaid last 24h +0.092%
Price spread now: SunX against Orderly−0.704%7-day average +0.051% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.319%+$32 on $10k
+Price spread, last 4 days (all we have)+2.829%+$283 · spread now −0.704%, 7d avg +0.051%
=Funding pays, the price is against you. SunX is 0.756% cheaper against Orderly than usual: you would sell low and buy high (spread −0.704% now, against its 7-day average of +0.051%). If the spread goes back, that is −$76 on $10k: about 7.2 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.319% in total) that is about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SPX500_USDC | 7,764.6 | −0.0302 | get 0.0302% / 8h | 1h 19m | $361K | $127K | 20x |
| Short | SunX SPX500-USDT | 7,709.9 | 0.0050 | get 0.0006% / 1h | 19m 44s | $2K | $2.4M | 20x |
Orderly PERP_SPX500_USDC
SunX SPX500-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Orderly. 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
- $73.82
- Price spread: −0.704% → +0.051%
- −$75.55
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$15.73
- Costs to cover
- 0.140%
- Break-even
- 8.5 days
Slippage unknown: Orderly: no order-book sample; SunX: live order book, 7 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 Orderly no order-book sample | — | — | — | — | — |
| Sell SunX live order book, 7 min ago | 168.61 bp | 1792.3 bp −$1,792 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SPX500 on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SPX500_USDClong | −0.0302% | 8h | 7,764.6 | long leg | $361K | $127K | 20x | |
| Gate SPX500_USDT | −0.0200% | 8h | 7,753.2 | −0.146% | $1.7M | $94K | 100x | as long as short |
| MEXC SPX500_USDT | −0.0084% | 8h | 7,768.2 | +0.047% | $70.3M | $46.2M | 200x | as long as short |
| SunX SPX500-USDTshort | +0.0050% | 1h | 7,709.9 | −0.704% | $2K | $2.4M | 20x | |
| HTX SPX500-USDT | +0.0050% | 1h | 7,758.8 | −0.074% | $502K | $232K | 30x | as long as short |
Gate SPX500_USDT
MEXC SPX500_USDT
HTX SPX500-USDT