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: OKX against Binance−0.102%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$950.951% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 7 days+0.078%+$8 · spread now −0.102%, 7d avg −0.008%

Together, before fees+0.005%$0 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: OKX is 0.094% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNXUSDT	0.2379	0.0100	pay 0.0100% / 8h	1h 59m	$3.0M	$4.3M	75x
Short	OKX SNX-USDT-SWAP	0.2377	0.0100	get 0.0100% / 8h	1h 59m	$843K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → −0.008%: −$9.44
Slippage, 4 orders: −$75.09
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$104.53
Costs to cover: 0.951%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; OKX: 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, 7 min ago	2.10 bp	21.3 bp −$21	80.7 bp −$807	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.10 bp	24.5 bp −$25	doesn't fit	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	0.2236	−6.028%	$22K	$30K	12x	as long as short
BloFin SNX-USDT	+0.0100%	8h	0.2379	−0.018%	$153K	$69K	75x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2379	+0.003%	$435K	$160K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2380	+0.005%	$4K	$3K	5x	as long as short
Binance SNXUSDTlong	+0.0100%	8h	0.2379	long leg	$3.0M	$4.3M	75x
Bybit SNXUSDT	+0.0100%	8h	0.2378	−0.060%	$1.6M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAPshort	+0.0100%	8h	0.2377	−0.102%	$843K	$1.3M	20x
Gate SNX_USDT	+0.0100%	8h	0.2376	−0.144%	$240K	$89K	25x	as long as short
MEXC SNX_USDT	+0.0100%	8h	0.2378	−0.060%	$1.6M	$699K	100x	as long as short
KuCoin SNXUSDTM	+0.0100%	8h	0.2380	+0.024%	$677K	$1.9M	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNXUSDT	+0.0100%	8h	0.2379	−0.018%	$1.1M	$376K	50x	as long as short
BingX SNX-USDT	+0.0100%	8h	0.2378	−0.060%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2377	−0.099%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2367	−0.522%	$2K	$1.5M	20x	as long as short
Kraken Futures PF_SNXUSD	+0.0747%	1h	0.2379	−0.017%	$143K	$67K	25x	as long as short