Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.001%

Price spread now: SunX against Arcus+0.088%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2772.768% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.115%+$11 · spread now +0.088%, 7d avg +0.120%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.032% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.120%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BE-USD	271.23	0.0040	pay 0.0005% / 1h	18m 02s	$113K	$108K	10x
Short	SunX BE-USDT	271.47	0	get 0.0000% / 8h	1h 18m	$928	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$8.46
Price spread: +0.088% → +0.120%: −$3.2
Slippage, 4 orders: −$264.31
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$288.46
Costs to cover: 2.768%
Break-even: never at this rate

Slippage from Arcus: live order book, 25 min ago; SunX: live order book, 8 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 Arcus live order book, 25 min ago	2.95 bp	9.0 bp −$9	18.5 bp −$185	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	45.65 bp	129.8 bp −$130	doesn't fit	doesn't fit	doesn't fit

BE on 21 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
Gate BE_USDT	−0.0233%	8h	271.50	+0.100%	$1.4M	$3.4M	50x	as long as short
Bitget BEUSDT	−0.0133%	8h	271.38	+0.055%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.75	+0.191%	$341K	$125K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.82	+0.218%	$46K	$251K	10x	as long as short
Binance BEUSDT	0.0000%	8h	271.89	+0.243%	$8.2M	$37.2M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	271.85	+0.229%	$2.6M	$6.9M	25x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	271.42	+0.071%	$7K	$157K	10x	as long as short
SunX BE-USDTshort	0.0000%	8h	271.47	+0.088%	$928	$2.3M	10x
HTX BE-USDT	0.0000%	8h	271.46	+0.085%	$12K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	271.57	+0.125%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	271.76	+0.195%	$242K	$300K	10x	as long as short
QFEX BE-USD	+0.0040%	1h	271.52	+0.107%	$1.3M	$2.3M	10x	as long as short
Arcus BE-USDlong	+0.0040%	1h	271.23	long leg	$113K	$108K	10x
Bybit BEUSDT	+0.0041%	8h	271.83	+0.221%	$2.0M	$1.1M	25x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.50	+0.100%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	271.76	+0.195%	$5.9M	$2.8M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.236%	$473K	$130K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.54	+0.114%	$367K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.75	+0.192%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.32	+0.033%	$45K	$147K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0523%	1h	271.82	+0.218%	$6K	$4K	10x	as long as short