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Funding arb · Price arb /

SNX

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0440%/8h= +48.1% APRpaid last 24h −0.445%
Price spread now: OKX against Kraken Futures−0.126%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1051.053% of the position
Long on Kraken FuturesShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.750%−$75 on $10k
Price spread, last 3 days (all we have)+0.051%+$5 · spread now −0.126%, 7d avg −0.081%
Together, before fees−0.699%−$70 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.045% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of −0.081%). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.750%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_SNXUSD0.2407−0.0340get 0.0042% / 1h37m 19s$145K$58K25x
ShortOKX SNX-USDT-SWAP0.24040.0100get 0.0100% / 8h7h 37m$777K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Kraken Futures. 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
$92.34
Price spread: −0.126% → −0.081%
−$4.46
Slippage, 4 orders
−$85.28
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$17.4
Costs to cover
1.053%
Break-even
8.3 days
Slippage from Kraken Futures: live order book, 35 min ago; OKX: 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 Kraken Futures live order book, 35 min ago4.18 bp18.5 bp −$19114.1 bp −$1,141doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago2.08 bp26.0 bp −$26doesn't fitdoesn'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%1h0.2259−6.150%$23K$29K12xas long as short
Kraken Futures PF_SNXUSDlong−0.0340%1h0.2407long leg$145K$58K25x
Hyperliquid SNX+0.0100%1h0.2407−0.013%$446K$148K3xas long as short
Aster SNXUSDT+0.0100%8h0.2402−0.203%$4K$3K5xas long as short
Binance SNXUSDT+0.0100%8h0.2403−0.159%$2.9M$4.0M75xas long as short
Bybit SNXUSDT+0.0100%8h0.2404−0.126%$1.6M$1.3M75xas long as short
OKX SNX-USDT-SWAPshort+0.0100%8h0.2404−0.126%$777K$1.1M20x
Gate SNX_USDT+0.0100%8h0.2402−0.209%$240K$97K25xas long as short
MEXC SNX_USDT+0.0100%8h0.2402−0.209%$1.8M$689K100xas long as short
KuCoin SNXUSDTM+0.0100%8h0.2404−0.126%$731K$2.1M30xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SNXUSDT+0.0100%8h0.2403−0.167%$1.1M$395K50xas long as short
BingX SNX-USDT+0.0100%8h0.2403−0.167%—$2.3M—as long as short
Variational Omni SNX+0.0100%8h0.2405−0.100%$12K$6K—as long as short
SunX SNX-USDT+0.0100%8h0.2396−0.458%$2K$1.4M20xas long as short
BloFin SNX-USDT+0.0106%8h0.2404−0.126%$150K$61K75xas long as short