Funding arb · Price arb /

TEAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX−0.086%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$554as in the Funding arb table

Net, price: spread back to 7d avg − costs−$561as in the Price arb table

costs, in and out, $10k−$5545.545% of the position

Long on SunX Short on Bybit

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)+0.112%+$11 · spread now −0.086%, 7d avg −0.022%

Together, before fees+0.112%+$11 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: Bybit is 0.064% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TEAM-USDT	197.08	0	get 0.0000% / 8h	7h 31m	—	$877K	10x
Short	Bybit TEAMUSDT	196.91	0	get 0.0000% / 8h	7h 31m	$43K	$158K	25x

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

Position, each leg$Hold fordaysFee SunXbpFee BybitbpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → −0.022%: −$6.4
Slippage, 4 orders: −$535.49
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$560.89
Costs to cover: 5.545%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Bybit: 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 SunX live order book, 10 min ago	105.89 bp	216.1 bp −$216	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 48 min ago	8.64 bp	32.2 bp −$32	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	−0.0491%	4h	196.74	−0.171%	—	$30K	10x	as long as short
Binance TEAMUSDT	0.0000%	8h	197.02	−0.031%	$69K	$429K	20x	as long as short
Bybit TEAMUSDTshort	0.0000%	8h	196.91	−0.086%	$43K	$158K	25x
OKX TEAM-USDT-SWAP	0.0000%	8h	196.98	−0.051%	$15K	$442K	20x	as long as short
Gate TEAM_USDT	0.0000%	8h	196.95	−0.066%	$17K	$12K	20x	as long as short
Bitget TEAMUSDT	0.0000%	8h	197.03	−0.025%	$58K	$90K	20x	as long as short
SunX TEAM-USDTlong	0.0000%	8h	197.08	long leg	—	$877K	10x
HTX TEAM-USDT	0.0000%	8h	197.08	0.000%	$6K	$325K	20x	as long as short
BloFin TEAM-USDT	+0.0006%	8h	196.68	−0.203%	$13K	$15K	20x	as long as short
Extended TEAM-USD	+0.0040%	1h	196.91	−0.087%	—	—	5x	as long as short