Settings8H · net · $10k
Funding arb · Price arb /

SNX

all SNX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.008%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$940.936% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.008%, 7d avg +0.043%
Together, before fees−0.060%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 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 0.034% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SNX-USDT0.24070.0100pay 0.0100% / 8h6h 12m$2.3M
ShortHyperliquid SNX0.24070.0100get 0.0013% / 1h12m 15s$443K$153K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.008% → +0.043%
−$3.44
Slippage, 4 orders
−$74.59
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$97.03
Costs to cover
0.936%
Break-even
never at this rate
Slippage from BingX: live order book, 7 min ago; Hyperliquid: live order book, 28 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 BingX live order book, 7 min ago4.15 bp26.3 bp −$2656.8 bp −$568531.4 bp −$53.1K916.0 bp −$458.0K
Sell Hyperliquid live order book, 28 min ago3.35 bp23.1 bp −$23doesn't fitdoesn't fitdoesn't fit

SNX on 14 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%1h0.2264−5.941%$23K$29K12xas long as short
Hyperliquid SNXshort+0.0100%1h0.2407+0.008%$443K$153K3x
Aster SNXUSDT+0.0100%8h0.2406−0.023%$4K$3K5xas long as short
Binance SNXUSDT+0.0100%8h0.2406−0.042%$2.9M$4.0M75xas long as short
Bybit SNXUSDT+0.0100%8h0.2406−0.042%$1.7M$1.3M75xas long as short
OKX SNX-USDT-SWAP+0.0100%8h0.2405−0.083%$785K$1.1M20xas long as short
Gate SNX_USDT+0.0100%8h0.2404−0.125%$241K$95K25xas long as short
MEXC SNX_USDT+0.0100%8h0.2406−0.042%$1.7M$699K100xas long as short
KuCoin SNXUSDTM+0.0100%8h0.2405−0.083%$726K$2.1M30xas long as short
Bitget SNXUSDT+0.0100%8h0.2405−0.083%$1.1M$391K50xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SNX-USDTlong+0.0100%8h0.2407long leg$2.3M
Variational Omni SNX+0.0100%8h0.2408+0.023%$12K$4Kas long as short
SunX SNX-USDT+0.0100%8h0.2400−0.291%$2K$1.4M20xas long as short
Kraken Futures PF_SNXUSD+0.0109%1h0.2408+0.050%$144K$58K25xas long as short