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: Bitget against Gate+0.083%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$2122.119% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.083%, 7d avg +0.048%
Together, before fees−0.002%$0 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 0.035% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SNX_USDT0.24040.0100pay 0.0100% / 8h6h 12m$241K$95K25x
ShortBitget SNXUSDT0.24060.0100get 0.0100% / 8h6h 12m$1.1M$391K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.083% → +0.048%
$3.52
Slippage, 4 orders
−$184.89
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$208.37
Costs to cover
2.119%
Break-even
never at this rate
Slippage from Gate: live order book, 50 min ago; Bitget: live order book, 4 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, 50 min ago4.19 bp65.4 bp −$65198.0 bp −$1,980doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago2.08 bp17.9 bp −$1877.1 bp −$771doesn'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%1h0.2264−5.824%$23K$29K12xas long as short
Hyperliquid SNX+0.0100%1h0.2407+0.129%$443K$153K3xas long as short
Aster SNXUSDT+0.0100%8h0.2407+0.119%$4K$3K5xas long as short
Binance SNXUSDT+0.0100%8h0.2405+0.055%$2.9M$4.0M75xas long as short
Bybit SNXUSDT+0.0100%8h0.2406+0.083%$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%8h0.2405+0.042%$1.7M$699K100xas long as short
KuCoin SNXUSDTM+0.0100%8h0.2406+0.083%$726K$2.1M30xas long as short
Bitget SNXUSDTshort+0.0100%8h0.2406+0.083%$1.1M$391K50x
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SNX-USDT+0.0100%8h0.2407+0.125%$2.3Mas long as short
Variational Omni SNX+0.0100%8h0.2408+0.148%$12K$4Kas long as short
SunX SNX-USDT+0.0100%8h0.2400−0.166%$2K$1.4M20xas long as short
Kraken Futures PF_SNXUSD+0.0109%1h0.2408+0.175%$144K$58K25xas long as short