Funding arb · Price arb /

SNX

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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: KuCoin against Binance−0.141%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1661.657% of the position

Long on Binance Short on KuCoin

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+0.222%+$22 · spread now −0.141%, 7d avg +0.060%

Together, before fees+0.240%+$24 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: KuCoin is 0.201% cheaper against Binance than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNXUSDT	0.2382	0.0100	pay 0.0100% / 8h	3h 31m	$2.9M	$4.1M	75x
Short	KuCoin SNXUSDTM	0.2379	0.0100	get 0.0100% / 8h	3h 31m	$673K	$2.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.141%Rate

Funding earned: $0
Price spread: −0.141% → +0.060%: −$20.12
Slippage, 4 orders: −$143.75
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$185.86
Costs to cover: 1.657%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago	2.10 bp	25.5 bp −$26	82.7 bp −$827	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.11 bp	59.9 bp −$60	437.5 bp −$4,375	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	0.2235	−6.186%	$23K	$29K	12x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2387	+0.174%	$435K	$153K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2378	−0.198%	$4K	$3K	5x	as long as short
Binance SNXUSDTlong	+0.0100%	8h	0.2382	long leg	$2.9M	$4.1M	75x
Bybit SNXUSDT	+0.0100%	8h	0.2379	−0.141%	$1.7M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2382	−0.015%	$851K	$1.2M	20x	as long as short
Gate SNX_USDT	+0.0100%	8h	0.2380	−0.099%	$240K	$95K	25x	as long as short
MEXC SNX_USDT	+0.0100%	8h	0.2382	−0.015%	$1.7M	$716K	100x	as long as short
KuCoin SNXUSDTMshort	+0.0100%	8h	0.2379	−0.141%	$673K	$2.0M	30x
Bitget SNXUSDT	+0.0100%	8h	0.2381	−0.057%	$1.1M	$358K	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	0.2378	−0.183%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2383	+0.030%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2373	−0.393%	$2K	$1.4M	20x	as long as short
BloFin SNX-USDT	+0.0110%	8h	0.2381	−0.057%	$154K	$69K	75x	as long as short
Kraken Futures PF_SNXUSD	+0.0441%	1h	0.2382	−0.003%	$142K	$61K	25x	as long as short