Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.030%

Price spread now: OKX against SunX+0.127%47s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$268as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2642.636% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.127%, 7d avg +0.009%

Together, before fees−0.086%−$9 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: OKX is 0.117% dearer against SunX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 47 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 BX-USDT	126.20	0	get 0.0000% / 8h	3h 18m	$538	$314K	10x
Short	OKX BX-USDT-SWAP	126.36	0	get 0.0000% / 8h	3h 18m	$164K	$111K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.127%Rate

Funding earned: $0
Price spread: +0.127% → +0.009%: $11.73
Slippage, 4 orders: −$245.6
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$251.87
Costs to cover: 2.636%
Break-even: never at this rate

Slippage from SunX: live order book, 62 min ago; OKX: live order book, 31 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, 62 min ago	45.92 bp	63.8 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 31 min ago	3.17 bp	83.3 bp −$83	doesn't fit	doesn't fit	doesn't fit

BX on 14 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
tradeXYZ xyz:BX	−0.0435%	1h	126.26	+0.048%	$664K	$222K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.18	−0.013%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.29	+0.071%	$483K	$802K	25x	as long as short
OKX BX-USDT-SWAPshort	0.0000%	8h	126.36	+0.127%	$164K	$111K	20x
QFEX BX-USD	0.0000%	1h	126.91	+0.563%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.37	+0.135%	$422K	$28K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.44	+0.190%	$900K	$37K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.25	+0.042%	$352	$108K	10x	as long as short
SunX BX-USDTlong	0.0000%	8h	126.20	long leg	$538	$314K	10x
HTX BX-USDT	0.0000%	8h	126.28	+0.063%	$7K	$3K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BX	+0.0089%	8h	126.18	−0.017%	$43K	$12K	—	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.10	−0.079%	$114K	$889K	20x	as long as short
Binance BXUSDT	+0.0200%	8h	126.29	+0.070%	$777K	$493K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.75	+9.945%	$4K	$32K	12x	as long as short