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

SNX

all SNX markets
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: Binance against Hyperliquid−0.162%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$920.921% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.016%−$2 on $10k
Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.162%, 7d avg −0.053%
Together, before fees+0.145%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 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: Binance is 0.109% cheaper against Hyperliquid than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SNX0.23750.0100pay 0.0013% / 1h32m 59s$434K$154K3x
ShortBinance SNXUSDT0.23710.0100get 0.0100% / 8h4h 32m$2.9M$4.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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: −0.162% → −0.053%
−$10.88
Slippage, 4 orders
−$73.11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$103
Costs to cover
0.921%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 57 min ago; Binance: 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 Hyperliquid live order book, 57 min ago2.92 bp24.8 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 4 min ago2.12 bp22.1 bp −$2275.9 bp −$759doesn'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%1h0.2368−0.295%$24K$29K12xas long as short
BloFin SNX-USDT+0.0086%8h0.2362−0.547%$152K$68K75xas long as short
Hyperliquid SNXlong+0.0100%1h0.2375long leg$434K$154K3x
Aster SNXUSDT+0.0100%8h0.2369−0.248%$4K$3K5xas long as short
Binance SNXUSDTshort+0.0100%8h0.2371−0.162%$2.9M$4.1M75x
Bybit SNXUSDT+0.0100%8h0.2371−0.168%$1.6M$1.3M75xas long as short
OKX SNX-USDT-SWAP+0.0100%8h0.2371−0.168%$845K$1.3M20xas long as short
Gate SNX_USDT+0.0100%8h0.2363−0.505%$237K$95K25xas long as short
MEXC SNX_USDT+0.0100%8h0.2370−0.211%$1.7M$716K100xas long as short
KuCoin SNXUSDTM+0.0100%8h0.2368−0.295%$667K$2.0M30xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SNXUSDT+0.0100%8h0.2370−0.211%$1.1M$395K50xas long as short
BingX SNX-USDT+0.0100%8h0.2369−0.253%$2.3Mas long as short
Variational Omni SNX+0.0100%8h0.2354−0.881%$12K$4Kas long as short
SunX SNX-USDT+0.0100%8h0.2358−0.716%$2K$1.4M20xas long as short
Kraken Futures PF_SNXUSD+0.0355%1h0.2371−0.172%$142K$60K25xas long as short