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: Bitget against BingX−0.083%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$880.882% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.139%+$14 · spread now −0.083%, 7d avg +0.032%

Together, before fees+0.139%+$14 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: Bitget is 0.116% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SNX-USDT	0.2399	0.0100	pay 0.0100% / 8h	5h 20m	—	$2.3M	—
Short	Bitget SNXUSDT	0.2397	0.0100	get 0.0100% / 8h	5h 20m	$1.1M	$390K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now −0.083%Rate

Funding earned: $0
Price spread: −0.083% → +0.032%: −$11.58
Slippage, 4 orders: −$66.22
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$99.8
Costs to cover: 0.882%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Bitget: live order book, just now.

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 BingX live order book, 3 min ago	4.18 bp	22.5 bp −$22	55.0 bp −$550	541.0 bp −$54.1K	1016.0 bp −$508.0K
Sell Bitget live order book, just now	2.09 bp	18.8 bp −$19	73.6 bp −$736	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	0.2253	−6.086%	$23K	$29K	12x	as long as short
Kraken Futures PF_SNXUSD	+0.0081%	1h	0.2400	+0.027%	$144K	$59K	25x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2401	+0.071%	$442K	$152K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2401	+0.092%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2398	−0.042%	$2.9M	$4.0M	75x	as long as short
Bybit SNXUSDT	+0.0100%	8h	0.2399	0.000%	$1.7M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2398	−0.042%	$818K	$1.2M	20x	as long as short
Gate SNX_USDT	+0.0100%	8h	0.2396	−0.125%	$239K	$94K	25x	as long as short
MEXC SNX_USDT	+0.0100%	8h	0.2399	0.000%	$1.7M	$698K	100x	as long as short
KuCoin SNXUSDTM	+0.0100%	8h	0.2399	0.000%	$723K	$2.0M	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNXUSDTshort	+0.0100%	8h	0.2397	−0.083%	$1.1M	$390K	50x
BingX SNX-USDTlong	+0.0100%	8h	0.2399	long leg	—	$2.3M	—
Variational Omni SNX	+0.0100%	8h	0.2399	+0.002%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2391	−0.333%	$2K	$1.4M	20x	as long as short
BloFin SNX-USDT	+0.0114%	8h	0.2398	−0.042%	$152K	$69K	75x	as long as short