Funding arb · Price arb /

SNX

all SNX markets

Swap Backtest

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: SunX against Hyperliquid−0.659%52s7-day average −0.615% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on SunX

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)+0.023%+$2 · spread now −0.659%, 7d avg −0.615%

Together, before fees+0.025%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 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: SunX is 0.044% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.615%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SNX	0.2381	0.0100	pay 0.0013% / 1h	33m 26s	$434K	$153K	3x
Short	SunX SNX-USDT	0.2365	0.0100	get 0.0100% / 8h	3h 33m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee HyperliquidbpFee SunXbpOrdersPrice spread, now −0.659%Rate

Funding earned: $0
Price spread: −0.659% → −0.615%: −$4.45
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$21.45
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 47 min ago; SunX: live order book, 11 min ago. Net counts fees only.

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 Hyperliquid live order book, 47 min ago	3.15 bp	24.2 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	501.57 bp	doesn't fit	doesn't fit	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	0.2235	−6.120%	$23K	$29K	12x	as long as short
Hyperliquid SNXlong	+0.0100%	1h	0.2381	long leg	$434K	$153K	3x
Aster SNXUSDT	+0.0100%	8h	0.2376	−0.205%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2378	−0.121%	$2.9M	$4.1M	75x	as long as short
Bybit SNXUSDT	+0.0100%	8h	0.2377	−0.155%	$1.6M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2377	−0.155%	$849K	$1.2M	20x	as long as short
Gate SNX_USDT	+0.0100%	8h	0.2378	−0.113%	$240K	$95K	25x	as long as short
MEXC SNX_USDT	+0.0100%	8h	0.2377	−0.155%	$1.7M	$716K	100x	as long as short
KuCoin SNXUSDTM	+0.0100%	8h	0.2377	−0.155%	$673K	$2.0M	30x	as long as short
Bitget SNXUSDT	+0.0100%	8h	0.2378	−0.113%	$1.1M	$358K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SNX-USDT	+0.0100%	8h	0.2377	−0.155%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2377	−0.173%	$12K	$4K	—	as long as short
SunX SNX-USDTshort	+0.0100%	8h	0.2365	−0.659%	$2K	$1.4M	20x
BloFin SNX-USDT	+0.0116%	8h	0.2375	−0.239%	$153K	$68K	75x	as long as short
Kraken Futures PF_SNXUSD	+0.0443%	1h	0.2374	−0.286%	$142K	$61K	25x	as long as short