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

SNX

all SNX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid−0.021%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1681.677% 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)+0.158%+$16 · spread now −0.021%, 7d avg −0.032%
Together, before fees+0.160%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SNX0.23790.0100pay 0.0013% / 1h0m 01s$435K$160K3x
ShortKuCoin SNXUSDTM0.23780.0100get 0.0100% / 8h2h 00m$677K$1.9M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.021% → −0.032%
$1.08
Slippage, 4 orders
−$146.73
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$166.66
Costs to cover
1.677%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 70 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 70 min ago1.05 bp20.4 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago2.10 bp63.9 bp −$64182.9 bp −$1,829doesn'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%1h0.2236−5.991%$22K$30K12xas long as short
BloFin SNX-USDT+0.0100%8h0.2379+0.021%$153K$69K75xas long as short
Hyperliquid SNXlong+0.0100%1h0.2379long leg$435K$160K3x
Aster SNXUSDT+0.0100%8h0.2377−0.051%$4K$3K5xas long as short
Binance SNXUSDT+0.0100%8h0.2377−0.067%$2.9M$4.3M75xas long as short
Bybit SNXUSDT+0.0100%8h0.2376−0.105%$1.6M$1.3M75xas long as short
OKX SNX-USDT-SWAP+0.0100%8h0.2376−0.105%$844K$1.3M20xas long as short
Gate SNX_USDT+0.0100%8h0.2375−0.147%$240K$97K25xas long as short
MEXC SNX_USDT+0.0100%8h0.2377−0.063%$1.6M$704K100xas long as short
KuCoin SNXUSDTMshort+0.0100%8h0.2378−0.021%$677K$1.9M30x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SNXUSDT+0.0100%8h0.2377−0.063%$1.1M$385K50xas long as short
BingX SNX-USDT+0.0100%8h0.2377−0.063%$2.3Mas long as short
Variational Omni SNX+0.0100%8h0.2377−0.061%$12K$4Kas long as short
SunX SNX-USDT+0.0100%8h0.2367−0.483%$2K$1.5M20xas long as short
Kraken Futures PF_SNXUSD+0.0747%1h0.2379+0.022%$143K$67K25xas long as short