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Funding arb · Price arb /

NOW

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0221%/8h= +24.2% APRnext payment +$2.21 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against SunX−0.007%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$217as in the Price arb table
costs, in and out, $10k−$2172.173% of the position
Long on SunXShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.244%−$24 · spread now −0.007%, 7d avg −0.010%
Together, before fees−0.243%−$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.21 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NOW-USDT138.000get 0.0000% / 8h4h 14m$937$384K10x
ShortBybit NOWUSDT137.990.0221get 0.0221% / 8h4h 14m$1.6M$3.8M25x

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
$46.45
Price spread: −0.007% → −0.010%
$0.24
Slippage, 4 orders
−$198.33
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$170.65
Costs to cover
2.173%
Break-even
32.7 days
Slippage from SunX: live order book, 6 min ago; Bybit: live order book, 3 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, 6 min ago46.02 bp64.2 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago2.90 bp49.6 bp −$50161.3 bp −$1,613doesn't fitdoesn't fit

NOW on 16 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
QFEX NOW-USD0.0000%1h137.82−0.130%$1.1M$1.6M10xas long as short
Aster NOWUSDT0.0000%8h138.30+0.220%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h137.87−0.094%$491K$227K20xas long as short
Gate NOW_USDT0.0000%8h137.99−0.007%$248K$352K20xas long as short
Bitget NOWUSDT0.0000%8h137.93−0.051%$781K$234K20xas long as short
SunX NOW-USDTlong0.0000%8h138.00long leg$937$384K10x
HTX NOW-USDT0.0000%8h138.05+0.036%$5K$32K20xas long as short
Lighter NOW+0.0032%1h137.91−0.065%$5K$1785xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.304%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.83−0.123%——25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h137.79−0.152%$316K$619K20xas long as short
Binance NOWUSDT+0.0172%8h138.01+0.006%$1.8M$1.4M20xas long as short
BloFin NOW-USDT+0.0172%8h137.99−0.007%$46K$17K20xas long as short
Bybit NOWUSDTshort+0.0221%8h137.99−0.007%$1.6M$3.8M25x
tradeXYZ xyz:NOW+0.0302%1h137.90−0.072%$2.1M$226K10xas long as short
GRVT NOW_USDT_Perp+0.0397%8h138.02+0.014%$522$149K10xas long as short