Funding arb · Price arb /

SNX

all SNX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.042%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1231.229% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.047%+$5 · spread now +0.042%, 7d avg +0.074%

Together, before fees+0.047%+$5 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: Bitget is 0.032% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNXUSDT	0.2377	0.0100	pay 0.0100% / 8h	3h 33m	$1.6M	$1.3M	75x
Short	Bitget SNXUSDT	0.2378	0.0100	get 0.0100% / 8h	3h 33m	$1.1M	$358K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.074%: −$3.17
Slippage, 4 orders: −$99.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$126.03
Costs to cover: 1.229%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 3 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 Bybit live order book, 3 min ago	2.10 bp	40.4 bp −$40	464.8 bp −$4,648	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.10 bp	23.9 bp −$24	73.1 bp −$731	doesn't fit	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	−5.974%	$23K	$29K	12x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2381	+0.156%	$434K	$153K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2376	−0.049%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2378	+0.034%	$2.9M	$4.1M	75x	as long as short
Bybit SNXUSDTlong	+0.0100%	8h	0.2377	long leg	$1.6M	$1.3M	75x
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2377	0.000%	$849K	$1.2M	20x	as long as short
Gate SNX_USDT	+0.0100%	8h	0.2378	+0.042%	$240K	$95K	25x	as long as short
MEXC SNX_USDT	+0.0100%	8h	0.2377	0.000%	$1.7M	$716K	100x	as long as short
KuCoin SNXUSDTM	+0.0100%	8h	0.2377	0.000%	$673K	$2.0M	30x	as long as short
Bitget SNXUSDTshort	+0.0100%	8h	0.2378	+0.042%	$1.1M	$358K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SNX-USDT	+0.0100%	8h	0.2377	0.000%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2377	−0.017%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2365	−0.505%	$2K	$1.4M	20x	as long as short
BloFin SNX-USDT	+0.0116%	8h	0.2375	−0.084%	$153K	$68K	75x	as long as short
Kraken Futures PF_SNXUSD	+0.0443%	1h	0.2374	−0.131%	$142K	$61K	25x	as long as short