Settings8H · net · $10k
Funding arb · Price arb /

PATH

RWAall PATH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0521%/8h= +57.0% APRnext payment +$5.21 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against SunX+0.072%56s7-day average +0.076% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 2 days (all we have)0.000%$0 on $10k
Price spread, last 2 days (all we have)−0.020%−$2 · spread now +0.072%, 7d avg +0.076%
Together, before fees−0.020%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 2 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.21 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 PATH-USDT13.6600get 0.0000% / 8h49m 22s$1.8M10x
ShortBinance PATHUSDT13.6700.0521get 0.0521% / 8h49m 22s$66K$195K20x

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

Funding earned
$109.37
Price spread: +0.072% → +0.076%
−$0.39
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
$90.98
Costs to cover
0.180%
Break-even
1.2 days
Slippage unknown: SunX: live order book, 6 min ago; Binance: live order book, 72 min ago. Net counts fees only.

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 ago36.58 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 72 min ago7.31 bp56.9 bp −$57doesn't fitdoesn't fitdoesn't fit

PATH on 7 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
Bybit PATHUSDT0.0000%8h13.730+0.512%$57K$122K25xas long as short
Gate PATH_USDT0.0000%8h13.653−0.051%$6K$9K20xas long as short
Bitget PATHUSDT0.0000%8h13.629−0.227%$22K$36K20xas long as short
SunX PATH-USDTlong0.0000%8h13.660long leg$1.8M10x
HTX PATH-USDT0.0000%8h13.670+0.073%$2K$282K20xas long as short
Phemex PATHUSDT0.0000%8h13.670+0.073%$10K$16K10xas long as short
Binance PATHUSDTshort+0.0521%8h13.670+0.072%$66K$195K20x