Funding arb · Price arb /

SNX

all SNX 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 0.000%

Price spread now: Bybit against Binance+0.042%7-day average −0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1311.312% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days−0.139%−$14 · spread now +0.042%, 7d avg −0.061%

Together, before fees−0.122%−$12 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 0.104% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNXUSDT	0.2353	0.0100	pay 0.0100% / 8h	2h 39m	$2.9M	$4.2M	75x
Short	Bybit SNXUSDT	0.2354	0.0100	get 0.0100% / 8h	2h 39m	$1.6M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → −0.061%: $10.4
Slippage, 4 orders: −$110.25
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$120.85
Costs to cover: 1.312%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 2 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 Binance live order book, 12 min ago	2.10 bp	20.0 bp −$20	85.3 bp −$853	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.36 bp	38.3 bp −$38	213.8 bp −$2,138	doesn't fit	doesn't fit

SNX on 15 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
Injective SNX/USDC PERP	−0.5000%	1h	0.2232	−5.142%	$22K	$30K	12x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2357	+0.170%	$430K	$153K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2354	+0.045%	$4K	$3K	5x	as long as short
Binance SNXUSDTlong	+0.0100%	8h	0.2353	long leg	$2.9M	$4.2M	75x
Bybit SNXUSDTshort	+0.0100%	8h	0.2354	+0.042%	$1.6M	$1.3M	75x
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2352	−0.042%	$841K	$1.2M	20x	as long as short
Gate SNX_USDT	+0.0100%	8h	0.2353	0.000%	$239K	$95K	25x	as long as short
MEXC SNX_USDT	+0.0100%	8h	0.2354	+0.042%	$1.7M	$693K	100x	as long as short
KuCoin SNXUSDTM	+0.0100%	8h	0.2350	−0.127%	$666K	$2.0M	30x	as long as short
Bitget SNXUSDT	+0.0100%	8h	0.2354	+0.042%	$1.1M	$368K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SNX-USDT	+0.0100%	8h	0.2354	+0.042%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2362	+0.366%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2350	−0.127%	$2K	$1.5M	20x	as long as short
BloFin SNX-USDT	+0.0101%	8h	0.2360	+0.297%	$153K	$68K	75x	as long as short
Kraken Futures PF_SNXUSD	+0.0753%	1h	0.2361	+0.361%	$141K	$65K	25x	as long as short