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Funding arb · Price arb /

SNX

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.080%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$900.900% of the position
Long on BinanceShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.080%, 7d avg +0.053%
Together, before fees−0.053%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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: Hyperliquid is 0.027% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SNXUSDT0.24000.0100pay 0.0100% / 8h5h 42m$2.9M$4.0M75x
ShortHyperliquid SNX0.24020.0100get 0.0013% / 1h42m 10s$442K$152K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.080% → +0.053%
$2.75
Slippage, 4 orders
−$71
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$87.26
Costs to cover
0.900%
Break-even
never at this rate
Slippage from Binance: live order book, 9 min ago; Hyperliquid: live order book, 58 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 Binance live order book, 9 min ago2.08 bp22.1 bp −$2284.2 bp −$842doesn't fitdoesn't fit
Sell Hyperliquid live order book, 58 min ago3.35 bp23.1 bp −$23doesn't fitdoesn't fitdoesn't fit

SNX on 15 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
Injective SNX/USDC PERP−0.5000%1h0.2254−6.078%$23K$29K12xas long as short
Kraken Futures PF_SNXUSD+0.0081%1h0.2401+0.063%$144K$59K25xas long as short
BloFin SNX-USDT+0.0088%8h0.2403+0.130%$151K$69K75xas long as short
Hyperliquid SNXshort+0.0100%1h0.2402+0.080%$442K$152K3x
Aster SNXUSDT+0.0100%8h0.2402+0.097%$4K$3K5xas long as short
Binance SNXUSDTlong+0.0100%8h0.2400long leg$2.9M$4.0M75x
Bybit SNXUSDT+0.0100%8h0.2401+0.047%$1.7M$1.3M75xas long as short
OKX SNX-USDT-SWAP+0.0100%8h0.2398−0.078%$799K$1.1M20xas long as short
Gate SNX_USDT+0.0100%8h0.2398−0.078%$240K$93K25xas long as short
MEXC SNX_USDT+0.0100%8h0.2401+0.047%$1.7M$694K100xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SNXUSDTM+0.0100%8h0.2402+0.089%$722K$2.1M30xas long as short
Bitget SNXUSDT+0.0100%8h0.2401+0.047%$1.1M$389K50xas long as short
BingX SNX-USDT+0.0100%8h0.2401+0.047%—$2.3M—as long as short
Variational Omni SNX+0.0100%8h0.2395−0.200%$12K$4K—as long as short
SunX SNX-USDT+0.0100%8h0.2394−0.245%$2K$1.4M20xas long as short