Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.25 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Bitget−0.168%55s7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as 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−$1041.045% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)+0.235%+$24 · spread now −0.168%, 7d avg −0.007%
=Funding pays, the price is against you. BloFin is 0.161% cheaper against Bitget than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.007%). If the spread goes back, that is −$16 on $10k: about 21 days of funding at the current rate (+$1 a day). The two prices were read 55 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 | Bitget SNXUSDT | 0.2377 | 0.0100 | pay 0.0100% / 8h | 4h 30m | $1.1M | $395K | 50x |
| Short | BloFin SNX-USDT | 0.2373 | 0.0125 | get 0.0125% / 8h | 4h 30m | $153K | $68K | 75x |
Bitget SNXUSDT
BloFin SNX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $5.32
- Price spread: −0.168% → −0.007%
- −$16.1
- Slippage, 4 orders
- −$80.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$115.28
- Costs to cover
- 1.045%
- Break-even
- 158.6 days
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 61 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 Bitget live order book, 1 min ago | 4.21 bp | 29.5 bp −$30 | 94.8 bp −$948 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 61 min ago | 4.17 bp | 26.1 bp −$26 | 59.2 bp −$592 | 351.3 bp −$35.1K | 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 | 0.2234 | −6.016% | $23K | $29K | 12x | as long as short |
| Hyperliquid SNX | +0.0100% | 1h | 0.2380 | +0.114% | $434K | $155K | 3x | as long as short |
| Aster SNXUSDT | +0.0100% | 8h | 0.2378 | +0.027% | $4K | $3K | 5x | as long as short |
| Binance SNXUSDT | +0.0100% | 8h | 0.2378 | +0.030% | $2.9M | $4.1M | 75x | as long as short |
| Bybit SNXUSDT | +0.0100% | 8h | 0.2377 | 0.000% | $1.6M | $1.3M | 75x | as long as short |
| OKX SNX-USDT-SWAP | +0.0100% | 8h | 0.2377 | 0.000% | $847K | $1.3M | 20x | as long as short |
| Gate SNX_USDT | +0.0100% | 8h | 0.2375 | −0.084% | $239K | $95K | 25x | as long as short |
| MEXC SNX_USDT | +0.0100% | 8h | 0.2376 | −0.042% | $1.7M | $717K | 100x | as long as short |
| KuCoin SNXUSDTM | +0.0100% | 8h | 0.2376 | −0.042% | $669K | $2.0M | 30x | as long as short |
| Bitget SNXUSDTlong | +0.0100% | 8h | 0.2377 | long leg | $1.1M | $395K | 50x |
Injective SNX/USDC PERP
Hyperliquid SNX
Aster SNXUSDT
Binance SNXUSDT
Bybit SNXUSDT
OKX SNX-USDT-SWAP
Gate SNX_USDT
MEXC SNX_USDT
KuCoin SNXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SNX-USDT | +0.0100% | 8h | 0.2376 | −0.042% | — | $2.3M | — | as long as short |
| Variational Omni SNX | +0.0100% | 8h | 0.2375 | −0.081% | $12K | $4K | — | as long as short |
| SunX SNX-USDT | +0.0100% | 8h | 0.2370 | −0.294% | $2K | $1.4M | 20x | as long as short |
| BloFin SNX-USDTshort | +0.0125% | 8h | 0.2373 | −0.168% | $153K | $68K | 75x | |
| Kraken Futures PF_SNXUSD | +0.0354% | 1h | 0.2379 | +0.072% | $142K | $60K | 25x | as long as short |
BingX SNX-USDT
Variational Omni SNX
SunX SNX-USDT
Kraken Futures PF_SNXUSD