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

SNX

all SNX markets
SwapBacktest
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: Binance against Gate+0.056%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$204as in the Price arb table
costs, in and out, $10k−$2072.066% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.018%−$2 on $10k
Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.056%, 7d avg +0.033%
Together, before fees−0.129%−$13 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 0.023% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SNX_USDT0.24040.0100pay 0.0100% / 8h6h 09m$241K$95K25x
ShortBinance SNXUSDT0.24050.0100get 0.0100% / 8h6h 09m$2.9M$4.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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
$0
Price spread: +0.056% → +0.033%
$2.26
Slippage, 4 orders
−$181.56
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Binance: 5 bp × 2 orders
−$10
Net
−$204.3
Costs to cover
2.066%
Break-even
never at this rate
Slippage from Gate: live order book, 52 min ago; Binance: live order book, 12 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 Gate live order book, 52 min ago4.19 bp65.4 bp −$65198.0 bp −$1,980doesn't fitdoesn't fit
Sell Binance live order book, 12 min ago2.08 bp21.9 bp −$2283.8 bp −$838doesn't fitdoesn't fit

SNX on 14 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%1h0.2260−5.990%$23K$29K12xas long as short
Hyperliquid SNX+0.0100%1h0.2407+0.116%$443K$152K3xas long as short
Aster SNXUSDT+0.0100%8h0.2405+0.032%$4K$3K5xas long as short
Binance SNXUSDTshort+0.0100%8h0.2405+0.056%$2.9M$4.0M75x
Bybit SNXUSDT+0.0100%8h0.24040.000%$1.7M$1.3M75xas long as short
OKX SNX-USDT-SWAP+0.0100%8h0.2405+0.042%$785K$1.1M20xas long as short
Gate SNX_USDTlong+0.0100%8h0.2404long leg$241K$95K25x
MEXC SNX_USDT+0.0100%8h0.24040.000%$1.7M$699K100xas long as short
KuCoin SNXUSDTM+0.0100%8h0.2405+0.042%$725K$2.1M30xas long as short
Bitget SNXUSDT+0.0100%8h0.24040.000%$1.1M$391K50xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SNX-USDT+0.0100%8h0.24040.000%$2.3Mas long as short
Variational Omni SNX+0.0100%8h0.2405+0.024%$12K$4Kas long as short
SunX SNX-USDT+0.0100%8h0.2398−0.250%$2K$1.4M20xas long as short
Kraken Futures PF_SNXUSD+0.0109%1h0.2408+0.148%$144K$58K25xas long as short