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

SNX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid−0.131%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1041.042% 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)+0.303%+$30 · spread now −0.131%, 7d avg −0.046%
Together, before fees+0.305%+ Points / potential airdropHyperliquid: Season 2 · farm board+$30 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: BingX is 0.084% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SNX0.23730.0100pay 0.0013% / 1h9m 01s$433K$153K3x
ShortBingX SNX-USDT0.23700.0100get 0.0100% / 8h3h 09m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.131% → −0.046%
−$8.45
Slippage, 4 orders
−$85.23
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$112.68
Costs to cover
1.042%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 71 min ago; BingX: live order book, 9 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, 71 min ago3.15 bp24.2 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago6.30 bp25.5 bp −$2555.3 bp −$553576.3 bp −$57.6K1209.2 bp −$604.6K

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%1h0.2233−5.904%$22K$30K12xas long as short
BloFin SNX-USDT+0.0076%8h0.2368−0.215%$153K$68K75xas long as short
Hyperliquid SNXlong+0.0100%1h0.2373long leg$433K$153K3x
Aster SNXUSDT+0.0100%8h0.2370−0.113%$4K$3K5xas long as short
Binance SNXUSDT+0.0100%8h0.2369−0.162%$2.9M$4.2M75xas long as short
Bybit SNXUSDT+0.0100%8h0.2369−0.173%$1.6M$1.3M75xas long as short
OKX SNX-USDT-SWAP+0.0100%8h0.2369−0.173%$844K$1.2M20xas long as short
Gate SNX_USDT+0.0100%8h0.2371−0.088%$238K$97K25xas long as short
MEXC SNX_USDT+0.0100%8h0.2370−0.131%$1.7M$718K100xas long as short
KuCoin SNXUSDTM+0.0100%8h0.2369−0.173%$673K$2.0M30xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SNXUSDT+0.0100%8h0.2370−0.131%$1.1M$358K50xas long as short
BingX SNX-USDTshort+0.0100%8h0.2370−0.131%$2.3M
Variational Omni SNX+0.0100%8h0.2378+0.188%$12K$4Kas long as short
SunX SNX-USDT+0.0100%8h0.2362−0.468%$2K$1.5M20xas long as short
Kraken Futures PF_SNXUSD+0.0443%1h0.2371−0.086%$142K$67K25xas long as short