Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.001%
Price spread now: MEXC against BloFin+0.042%49s7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as 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−$530.531% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.042%, 7d avg −0.005%
=The price spread pays, funding is against you. MEXC is 0.047% dearer against BloFin than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.005%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.004% in total) that is about 3 months. The two prices were read 49 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 | BloFin SNX-USDT | 0.2381 | 0.0110 | pay 0.0110% / 8h | 3h 30m | $154K | $69K | 75x |
| Short | MEXC SNX_USDT | 0.2382 | 0.0100 | get 0.0100% / 8h | 3h 30m | $1.7M | $716K | 100x |
BloFin SNX-USDT
MEXC SNX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$2.03
- Price spread: +0.042% → −0.005%
- $4.68
- Slippage, 4 orders
- −$37.14
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$50.49
- Costs to cover
- 0.531%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 51 min ago; MEXC: live order book, 1 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 BloFin live order book, 51 min ago | 4.22 bp | 19.5 bp −$19 | 46.5 bp −$465 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 2.10 bp | 10.6 bp −$11 | 42.5 bp −$425 | 141.9 bp −$14.2K | 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 | 0.2235 | −6.132% | $23K | $29K | 12x | as long as short |
| Hyperliquid SNX | +0.0100% | 1h | 0.2385 | +0.164% | $435K | $153K | 3x | as long as short |
| Aster SNXUSDT | +0.0100% | 8h | 0.2381 | +0.011% | $4K | $3K | 5x | as long as short |
| Binance SNXUSDT | +0.0100% | 8h | 0.2381 | +0.001% | $2.9M | $4.1M | 75x | as long as short |
| Bybit SNXUSDT | +0.0100% | 8h | 0.2383 | +0.084% | $1.7M | $1.3M | 75x | as long as short |
| OKX SNX-USDT-SWAP | +0.0100% | 8h | 0.2380 | −0.042% | $850K | $1.2M | 20x | as long as short |
| Gate SNX_USDT | +0.0100% | 8h | 0.2380 | −0.042% | $240K | $95K | 25x | as long as short |
| MEXC SNX_USDTshort | +0.0100% | 8h | 0.2382 | +0.042% | $1.7M | $716K | 100x | |
| KuCoin SNXUSDTM | +0.0100% | 8h | 0.2381 | 0.000% | $673K | $2.0M | 30x | as long as short |
| Bitget SNXUSDT | +0.0100% | 8h | 0.2381 | 0.000% | $1.1M | $357K | 50x | as long as short |
Injective SNX/USDC PERP
Hyperliquid SNX
Aster SNXUSDT
Binance SNXUSDT
Bybit SNXUSDT
OKX SNX-USDT-SWAP
Gate 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-USDT | +0.0100% | 8h | 0.2380 | −0.042% | — | $2.3M | — | as long as short |
| Variational Omni SNX | +0.0100% | 8h | 0.2383 | +0.087% | $12K | $4K | — | as long as short |
| SunX SNX-USDT | +0.0100% | 8h | 0.2373 | −0.336% | $2K | $1.4M | 20x | as long as short |
| BloFin SNX-USDTlong | +0.0110% | 8h | 0.2381 | long leg | $154K | $69K | 75x | |
| Kraken Futures PF_SNXUSD | +0.0441% | 1h | 0.2382 | +0.054% | $142K | $61K | 25x | as long as short |
BingX SNX-USDT
Variational Omni SNX
SunX SNX-USDT
Kraken Futures PF_SNXUSD