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

SNX

all SNX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.07 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against BloFin+0.170%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$840.841% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.235%−$24 · spread now +0.170%, 7d avg +0.005%
Together, before fees−0.239%−$24 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: Binance is 0.165% dearer against BloFin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SNX-USDT0.23520.0093pay 0.0093% / 8h2h 38m$154K$68K75x
ShortBinance SNXUSDT0.23560.0100get 0.0100% / 8h2h 38m$2.9M$4.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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
$1.41
Price spread: +0.170% → +0.005%
$16.46
Slippage, 4 orders
−$62.11
Fee BloFin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$66.24
Costs to cover
0.841%
Break-even
336.0 days
Slippage from BloFin: live order book, 33 min ago; Binance: live order book, 13 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 BloFin live order book, 33 min ago2.10 bp25.2 bp −$2548.8 bp −$488doesn't fitdoesn't fit
Sell Binance live order book, 13 min ago2.10 bp24.9 bp −$2580.4 bp −$804doesn't fitdoesn't fit

SNX on 15 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%1h0.2232−5.102%$22K$30K12xas long as short
BloFin SNX-USDTlong+0.0093%8h0.2352long leg$154K$68K75x
Hyperliquid SNX+0.0100%1h0.2359+0.276%$430K$153K3xas long as short
Aster SNXUSDT+0.0100%8h0.2356+0.173%$4K$3K5xas long as short
Binance SNXUSDTshort+0.0100%8h0.2356+0.170%$2.9M$4.2M75x
Bybit SNXUSDT+0.0100%8h0.2355+0.128%$1.6M$1.3M75xas long as short
OKX SNX-USDT-SWAP+0.0100%8h0.2355+0.128%$841K$1.2M20xas long as short
Gate SNX_USDT+0.0100%8h0.2350−0.085%$239K$95K25xas long as short
MEXC SNX_USDT+0.0100%8h0.2357+0.213%$1.7M$693K100xas long as short
KuCoin SNXUSDTM+0.0100%8h0.2354+0.085%$667K$2.0M30xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SNXUSDT+0.0100%8h0.2357+0.213%$1.1M$368K50xas long as short
BingX SNX-USDT+0.0100%8h0.2353+0.043%$2.3Mas long as short
Variational Omni SNX+0.0100%8h0.2362+0.409%$12K$4Kas long as short
SunX SNX-USDT+0.0100%8h0.2349−0.128%$2K$1.5M20xas long as short
Kraken Futures PF_SNXUSD+0.0753%1h0.2360+0.329%$141K$65K25xas long as short