Funding arb · Price arb /

SNX

all SNX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit0.000%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2142.145% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.236%+$24 · spread now 0.000%, 7d avg +0.117%

Together, before fees+0.236%+$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: KuCoin is 0.117% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNXUSDT	0.2313	0.0100	pay 0.0100% / 8h	5h 30m	$1.6M	$1.3M	75x
Short	KuCoin SNXUSDTM	0.2313	0.0100	get 0.0100% / 8h	5h 30m	$648K	$1.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.117%: −$11.65
Slippage, 4 orders: −$191.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$226.11
Costs to cover: 2.145%
Break-even: never at this rate

Slippage from Bybit: live order book, 9 min ago; KuCoin: live order book, 8 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, 9 min ago	4.29 bp	48.2 bp −$48	323.3 bp −$3,233	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	2.15 bp	51.1 bp −$51	118.1 bp −$1,181	doesn't fit	doesn't fit

SNX on 15 exchanges

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
Hyperliquid SNX	+0.0100%	1h	0.2315	+0.082%	$425K	$139K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2313	0.000%	$4K	$2K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2313	0.000%	$2.9M	$4.0M	75x	as long as short
Bybit SNXUSDTlong	+0.0100%	8h	0.2313	long leg	$1.6M	$1.3M	75x
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2311	−0.086%	$828K	$1.1M	20x	as long as short
Gate SNX_USDT	+0.0100%	8h	0.2310	−0.130%	$231K	$78K	25x	as long as short
MEXC SNX_USDT	+0.0100%	8h	0.2312	−0.043%	$1.7M	$660K	100x	as long as short
KuCoin SNXUSDTMshort	+0.0100%	8h	0.2313	0.000%	$648K	$1.6M	30x
Bitget SNXUSDT	+0.0100%	8h	0.2313	0.000%	$1.1M	$356K	50x	as long as short
BingX SNX-USDT	+0.0100%	8h	0.2313	0.000%	—	$2.3M	—	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNX	+0.0100%	8h	0.2317	+0.191%	$11K	$3K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2309	−0.173%	$2K	$1.5M	20x	as long as short
BloFin SNX-USDT	+0.0114%	8h	0.2314	+0.043%	$151K	$66K	75x	as long as short
Injective SNX/USDC PERP	+0.0893%	1h	0.2355	+1.816%	$23K	$30K	12x	as long as short
Kraken Futures PF_SNXUSD	+0.0955%	1h	0.2314	+0.054%	$137K	$66K	25x	as long as short