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

SNX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Gate−0.055%7-day average +0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2052.046% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.099%−$10 · spread now −0.055%, 7d avg +0.088%
Together, before fees−0.101%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 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: Hyperliquid is 0.142% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.088%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SNX_USDT0.23730.0100pay 0.0100% / 8h4h 06m$239K$96K25x
ShortHyperliquid SNX0.23720.0100get 0.0013% / 1h6m 08s$433K$155K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: −0.055% → +0.088%
−$14.24
Slippage, 4 orders
−$180.65
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$218.89
Costs to cover
2.046%
Break-even
never at this rate
Slippage from Gate: live order book, 45 min ago; Hyperliquid: live order book, 14 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, 45 min ago4.25 bp66.3 bp −$66363.6 bp −$3,636doesn't fitdoesn't fit
Sell Hyperliquid live order book, 14 min ago3.15 bp26.1 bp −$26doesn't fitdoesn't fitdoesn't fit

SNX on 15 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%1h0.2234−5.858%$23K$29K12xas long as short
BloFin SNX-USDT+0.0084%8h0.2374+0.042%$152K$68K75xas long as short
Hyperliquid SNXshort+0.0100%1h0.2372−0.055%$433K$155K3x
Aster SNXUSDT+0.0100%8h0.2373−0.015%$4K$3K5xas long as short
Binance SNXUSDT+0.0100%8h0.2369−0.169%$2.9M$4.1M75xas long as short
Bybit SNXUSDT+0.0100%8h0.2370−0.126%$1.6M$1.3M75xas long as short
OKX SNX-USDT-SWAP+0.0100%8h0.2368−0.211%$845K$1.2M20xas long as short
Gate SNX_USDTlong+0.0100%8h0.2373long leg$239K$96K25x
MEXC SNX_USDT+0.0100%8h0.2370−0.126%$1.7M$719K100xas long as short
KuCoin SNXUSDTM+0.0100%8h0.23730.000%$667K$2.0M30xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SNXUSDT+0.0100%8h0.2372−0.042%$1.1M$393K50xas long as short
BingX SNX-USDT+0.0100%8h0.2372−0.042%$2.3Mas long as short
Variational Omni SNX+0.0100%8h0.2369−0.186%$12K$4Kas long as short
SunX SNX-USDT+0.0100%8h0.2360−0.548%$2K$1.4M20xas long as short
Kraken Futures PF_SNXUSD+0.0355%1h0.2371−0.089%$142K$61K25xas long as short