Funding arb · Price arb /

SNX

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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: MEXC against Gate+0.084%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1821.822% of the position

Long on Gate Short on MEXC

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)−0.084%−$8 · spread now +0.084%, 7d avg +0.032%

Together, before fees−0.103%−$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: MEXC is 0.052% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNX_USDT	0.2375	0.0100	pay 0.0100% / 8h	1h 59m	$240K	$97K	25x
Short	MEXC SNX_USDT	0.2377	0.0100	get 0.0100% / 8h	1h 59m	$1.6M	$704K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.032%: $5.22
Slippage, 4 orders: −$163.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$177.02
Costs to cover: 1.822%
Break-even: never at this rate

Slippage from Gate: live order book, 42 min ago; MEXC: live order book, 2 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, 42 min ago	4.24 bp	89.4 bp −$89	393.9 bp −$3,939	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.10 bp	11.7 bp −$12	40.7 bp −$407	109.9 bp −$11.0K	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	0.2236	−5.853%	$22K	$30K	12x	as long as short
BloFin SNX-USDT	+0.0100%	8h	0.2379	+0.168%	$153K	$69K	75x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2379	+0.147%	$435K	$160K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2377	+0.096%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2377	+0.080%	$2.9M	$4.3M	75x	as long as short
Bybit SNXUSDT	+0.0100%	8h	0.2376	+0.042%	$1.6M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2376	+0.042%	$844K	$1.3M	20x	as long as short
Gate SNX_USDTlong	+0.0100%	8h	0.2375	long leg	$240K	$97K	25x
MEXC SNX_USDTshort	+0.0100%	8h	0.2377	+0.084%	$1.6M	$704K	100x
KuCoin SNXUSDTM	+0.0100%	8h	0.2378	+0.126%	$677K	$1.9M	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNXUSDT	+0.0100%	8h	0.2377	+0.084%	$1.1M	$385K	50x	as long as short
BingX SNX-USDT	+0.0100%	8h	0.2377	+0.084%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2377	+0.087%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2367	−0.337%	$2K	$1.5M	20x	as long as short
Kraken Futures PF_SNXUSD	+0.0747%	1h	0.2379	+0.169%	$143K	$67K	25x	as long as short