Funding arb · Price arb /

TEAM

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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 0.000%

Price spread now: SunX against Bybit−0.041%46s7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$397as 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−$3973.973% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.041%, 7d avg +0.021%

Together, before fees+0.082%+$8 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: SunX is 0.062% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.021%. The two prices were read 46 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	Bybit TEAMUSDT	196.57	0	get 0.0000% / 8h	4m 31s	$43K	$157K	25x
Short	SunX TEAM-USDT	196.49	0	get 0.0000% / 8h	4m 31s	—	$877K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.021%: −$6.16
Slippage, 4 orders: −$378.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$403.43
Costs to cover: 3.973%
Break-even: never at this rate

Slippage from Bybit: live order book, 15 min ago; SunX: live order book, 48 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 Bybit live order book, 15 min ago	8.64 bp	105.8 bp −$106	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 48 min ago	74.54 bp	97.2 bp −$97	doesn't fit	doesn't fit	doesn't fit

TEAM on 10 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
edgeX TEAMUSDC	−0.0940%	4h	196.45	−0.060%	—	$25K	10x	as long as short
Binance TEAMUSDT	0.0000%	8h	196.65	+0.039%	$69K	$441K	20x	as long as short
Bybit TEAMUSDTlong	0.0000%	8h	196.57	long leg	$43K	$157K	25x
OKX TEAM-USDT-SWAP	0.0000%	8h	196.35	−0.112%	$15K	$440K	20x	as long as short
Gate TEAM_USDT	0.0000%	8h	196.34	−0.117%	$17K	$13K	20x	as long as short
Bitget TEAMUSDT	0.0000%	8h	196.52	−0.025%	$52K	$109K	20x	as long as short
SunX TEAM-USDTshort	0.0000%	8h	196.49	−0.041%	—	$877K	10x
HTX TEAM-USDT	0.0000%	8h	196.50	−0.036%	$6K	$326K	20x	as long as short
BloFin TEAM-USDT	+0.0014%	8h	196.68	+0.056%	$13K	$14K	20x	as long as short
Extended TEAM-USD	+0.0040%	1h	195.44	−0.577%	—	—	5x	as long as short