Funding arb · Price arb /

SNX

all SNX markets

Swap Backtest

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: KuCoin against Gate+0.250%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$276as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2762.761% of the position

Long on Gate 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 4 days (all we have)−0.179%−$18 · spread now +0.250%, 7d avg +0.057%

Together, before fees−0.179%−$18 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 0.193% dearer against Gate than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNX_USDT	0.2402	0.0100	pay 0.0100% / 8h	7h 40m	$240K	$97K	25x
Short	KuCoin SNXUSDTM	0.2408	0.0100	get 0.0100% / 8h	7h 40m	$728K	$2.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now +0.250%Rate

Funding earned: $0
Price spread: +0.250% → +0.057%: $19.28
Slippage, 4 orders: −$249.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$256.85
Costs to cover: 2.761%
Break-even: never at this rate

Slippage from Gate: live order book, 26 min ago; KuCoin: live order book, 6 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, 26 min ago	4.19 bp	68.1 bp −$68	162.4 bp −$1,624	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.07 bp	62.8 bp −$63	128.8 bp −$1,288	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	0.2262	−5.828%	$23K	$29K	12x	as long as short
Kraken Futures PF_SNXUSD	−0.0340%	1h	0.2407	+0.217%	$145K	$58K	25x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2408	+0.258%	$446K	$150K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2406	+0.163%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2406	+0.176%	$2.9M	$4.0M	75x	as long as short
Bybit SNXUSDT	+0.0100%	8h	0.2407	+0.208%	$1.7M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2407	+0.208%	$778K	$1.1M	20x	as long as short
Gate SNX_USDTlong	+0.0100%	8h	0.2402	long leg	$240K	$97K	25x
MEXC SNX_USDT	+0.0100%	8h	0.2406	+0.167%	$1.8M	$685K	100x	as long as short
KuCoin SNXUSDTMshort	+0.0100%	8h	0.2408	+0.250%	$728K	$2.1M	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNXUSDT	+0.0100%	8h	0.2408	+0.250%	$1.1M	$395K	50x	as long as short
BingX SNX-USDT	+0.0100%	8h	0.2405	+0.125%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2405	+0.109%	$12K	$6K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2396	−0.250%	$2K	$1.4M	20x	as long as short
BloFin SNX-USDT	+0.0119%	8h	0.2404	+0.083%	$149K	$61K	75x	as long as short