Funding you earn now, next payment 23:00 UTC+0.1184%/8h= +129.6% APRpaid last 24h +0.410%
Price spread now: Kraken Futures against Gate+0.037%7-day average +0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$261as in the Price arb table
costs, in and out, $10k−$2522.521% of the position
Funding, last 7 days+0.641%+$64 on $10k
+Price spread, last 3 days (all we have)+0.116%+$12 · spread now +0.037%, 7d avg +0.130%
=Funding pays, the price is against you. Kraken Futures is 0.093% cheaper against Gate than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.130%). If the spread goes back, that is −$9 on $10k: about 6 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.641% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.641% in total (about 33.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SNX_USDT | 0.2380 | 0.0100 | pay 0.0100% / 8h | 1h 22m | $237K | $110K | 25x |
| Short | Kraken Futures PF_SNXUSD | 0.2381 | 0.1284 | get 0.0160% / 1h | 22m 40s | $146K | $52K | 25x |
Gate SNX_USDT
Kraken Futures PF_SNXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $248.6
- Price spread: +0.037% → +0.130%
- −$9.3
- Slippage, 4 orders
- −$227.06
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$12.77
- Costs to cover
- 2.521%
- Break-even
- 7.4 days
Slippage from Gate: live order book, 54 min ago; Kraken Futures: live order book, 60 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 Gate live order book, 54 min ago | 6.26 bp | 74.2 bp −$74 | 191.2 bp −$1,912 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 60 min ago | 20.81 bp | 32.3 bp −$32 | 89.2 bp −$892 | 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 | 0.2234 | −6.134% | $23K | $29K | 12x | as long as short |
| Hyperliquid SNX | +0.0100% | 1h | 0.2379 | −0.021% | $441K | $150K | 3x | as long as short |
| Aster SNXUSDT | +0.0100% | 8h | 0.2380 | −0.019% | $4K | $3K | 5x | as long as short |
| Binance SNXUSDT | +0.0100% | 8h | 0.2379 | −0.022% | $2.8M | $3.9M | 75x | as long as short |
| Bybit SNXUSDT | +0.0100% | 8h | 0.2379 | −0.042% | $1.6M | $1.3M | 75x | as long as short |
| OKX SNX-USDT-SWAP | +0.0100% | 8h | 0.2380 | 0.000% | $763K | $1.1M | 20x | as long as short |
| Gate SNX_USDTlong | +0.0100% | 8h | 0.2380 | long leg | $237K | $110K | 25x | |
| MEXC SNX_USDT | +0.0100% | 8h | 0.2379 | −0.042% | $1.8M | $674K | 100x | as long as short |
| KuCoin SNXUSDTM | +0.0100% | 8h | 0.2378 | −0.084% | $712K | $2.2M | 30x | as long as short |
| Bitget SNXUSDT | +0.0100% | 8h | 0.2380 | 0.000% | $1.1M | $394K | 50x | as long as short |
Injective SNX/USDC PERP
Hyperliquid SNX
Aster SNXUSDT
Binance SNXUSDT
Bybit SNXUSDT
OKX SNX-USDT-SWAP
MEXC SNX_USDT
KuCoin SNXUSDTM
Bitget SNXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SNX-USDT | +0.0100% | 8h | 0.2378 | −0.084% | — | $2.3M | — | as long as short |
| Variational Omni SNX | +0.0100% | 8h | 0.2383 | +0.135% | $12K | $6K | — | as long as short |
| SunX SNX-USDT | +0.0100% | 8h | 0.2368 | −0.504% | $2K | $1.3M | 20x | as long as short |
| BloFin SNX-USDT | +0.0109% | 8h | 0.2376 | −0.168% | $148K | $32K | 75x | as long as short |
| Kraken Futures PF_SNXUSDshort | +0.1284% | 1h | 0.2381 | +0.037% | $146K | $52K | 25x |
BingX SNX-USDT
Variational Omni SNX
SunX SNX-USDT
BloFin SNX-USDT