Funding arb · Price arb /

SNX

all SNX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin−0.036%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1571.573% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days−0.052%−$5 · spread now −0.036%, 7d avg −0.061%

Together, before fees−0.070%−$7 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 0.025% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNXUSDTM	0.2390	0.0100	pay 0.0100% / 8h	5h 13m	$720K	$2.0M	30x
Short	Binance SNXUSDT	0.2389	0.0100	get 0.0100% / 8h	5h 13m	$2.9M	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.061%: $2.45
Slippage, 4 orders: −$135.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$154.81
Costs to cover: 1.573%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Binance: live order book, 8 min ago.

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 KuCoin live order book, 3 min ago	2.09 bp	62.9 bp −$63	128.1 bp −$1,281	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	2.08 bp	20.4 bp −$20	85.1 bp −$851	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	0.2247	−5.983%	$23K	$29K	12x	as long as short
Kraken Futures PF_SNXUSD	+0.0081%	1h	0.2390	−0.019%	$143K	$59K	25x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2390	−0.017%	$439K	$153K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2390	−0.007%	$4K	$3K	5x	as long as short
Binance SNXUSDTshort	+0.0100%	8h	0.2389	−0.036%	$2.9M	$4.0M	75x
Bybit SNXUSDT	+0.0100%	8h	0.2389	−0.042%	$1.6M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2384	−0.251%	$824K	$1.2M	20x	as long as short
Gate SNX_USDT	+0.0100%	8h	0.2386	−0.167%	$238K	$95K	25x	as long as short
MEXC SNX_USDT	+0.0100%	8h	0.2388	−0.084%	$1.7M	$699K	100x	as long as short
KuCoin SNXUSDTMlong	+0.0100%	8h	0.2390	long leg	$720K	$2.0M	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNXUSDT	+0.0100%	8h	0.2387	−0.126%	$1.1M	$390K	50x	as long as short
BingX SNX-USDT	+0.0100%	8h	0.2389	−0.042%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2393	+0.127%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2381	−0.377%	$2K	$1.4M	20x	as long as short
BloFin SNX-USDT	+0.0129%	8h	0.2388	−0.084%	$152K	$68K	75x	as long as short