Funding you earn now, next payment 16:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against BingX−0.127%111s7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$920.920% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.306%+$31 · spread now −0.127%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.120% cheaper against BingX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.007%). Swap the legs. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SNX-USDT | 0.2360 | 0.0100 | pay 0.0100% / 8h | 7h 39m | — | $2.3M | — |
| Short | BloFin SNX-USDT | 0.2357 | 0.0072 | get 0.0072% / 8h | 7h 39m | $152K | $69K | 75x |
BingX SNX-USDT
BloFin SNX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.91
- Price spread: −0.127% → −0.007%
- −$12.04
- Slippage, 4 orders
- −$69.99
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$109.94
- Costs to cover
- 0.920%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; BloFin: live order book, 17 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 BingX live order book, 9 min ago | 6.35 bp | 24.8 bp −$25 | 55.6 bp −$556 | 542.7 bp −$54.3K | 958.4 bp −$479.2K |
| Sell BloFin live order book, 17 min ago | 4.24 bp | 18.3 bp −$18 | 51.9 bp −$519 | 306.4 bp −$30.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SNX-USDTshort | +0.0072% | 8h | 0.2357 | −0.127% | $152K | $69K | 75x | |
| Hyperliquid SNX | +0.0100% | 1h | 0.2359 | −0.021% | $436K | $159K | 3x | as long as short |
| Aster SNXUSDT | +0.0100% | 8h | 0.2361 | +0.026% | $4K | $2K | 5x | as long as short |
| Binance SNXUSDT | +0.0100% | 8h | 0.2359 | −0.025% | $2.9M | $4.3M | 75x | as long as short |
| Bybit SNXUSDT | +0.0100% | 8h | 0.2358 | −0.085% | $1.6M | $1.4M | 75x | as long as short |
| OKX SNX-USDT-SWAP | +0.0100% | 8h | 0.2359 | −0.042% | $851K | $1.2M | 20x | as long as short |
| Gate SNX_USDT | +0.0100% | 8h | 0.2359 | −0.042% | $236K | $87K | 25x | as long as short |
| MEXC SNX_USDT | +0.0100% | 8h | 0.2359 | −0.042% | $1.7M | $703K | 100x | as long as short |
| KuCoin SNXUSDTM | +0.0100% | 8h | 0.2360 | 0.000% | $678K | $1.8M | 30x | as long as short |
| Bitget SNXUSDT | +0.0100% | 8h | 0.2361 | +0.042% | $1.1M | $381K | 50x | as long as short |
Hyperliquid SNX
Aster SNXUSDT
Binance SNXUSDT
Bybit SNXUSDT
OKX SNX-USDT-SWAP
Gate SNX_USDT
MEXC SNX_USDT
KuCoin SNXUSDTM
Bitget SNXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SNX-USDTlong | +0.0100% | 8h | 0.2360 | long leg | — | $2.3M | — | |
| Variational Omni SNX | +0.0100% | 8h | 0.2357 | −0.122% | $12K | $3K | — | as long as short |
| SunX SNX-USDT | +0.0100% | 8h | 0.2348 | −0.508% | $2K | $1.5M | 20x | as long as short |
| Injective SNX/USDC PERP | +0.0432% | 1h | 0.2356 | −0.169% | $24K | $30K | 12x | as long as short |
| Kraken Futures PF_SNXUSD | +0.0923% | 1h | 0.2361 | +0.032% | $142K | $63K | 25x | as long as short |
Variational Omni SNX
SunX SNX-USDT
Injective SNX/USDC PERP
Kraken Futures PF_SNXUSD