Funding arb · Price arb /

SNX

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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: Bitget against KuCoin0.000%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1611.615% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.048%−$5 · spread now 0.000%, 7d avg −0.048%

Together, before fees−0.048%−$5 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: Bitget is 0.048% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNXUSDTM	0.2372	0.0100	pay 0.0100% / 8h	4h 02m	$667K	$2.0M	30x
Short	Bitget SNXUSDT	0.2372	0.0100	get 0.0100% / 8h	4h 02m	$1.1M	$393K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.048%: $4.76
Slippage, 4 orders: −$137.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$156.71
Costs to cover: 1.615%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	2.11 bp	53.7 bp −$54	115.9 bp −$1,159	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.11 bp	19.6 bp −$20	72.0 bp −$720	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	0.2234	−5.818%	$23K	$29K	12x	as long as short
BloFin SNX-USDT	+0.0073%	8h	0.2372	0.000%	$153K	$68K	75x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2375	+0.118%	$434K	$155K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2371	−0.057%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2372	+0.006%	$2.9M	$4.1M	75x	as long as short
Bybit SNXUSDT	+0.0100%	8h	0.2371	−0.042%	$1.6M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2372	0.000%	$844K	$1.2M	20x	as long as short
Gate SNX_USDT	+0.0100%	8h	0.2368	−0.169%	$238K	$96K	25x	as long as short
MEXC SNX_USDT	+0.0100%	8h	0.2372	0.000%	$1.7M	$720K	100x	as long as short
KuCoin SNXUSDTMlong	+0.0100%	8h	0.2372	long leg	$667K	$2.0M	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNXUSDTshort	+0.0100%	8h	0.2372	0.000%	$1.1M	$393K	50x
BingX SNX-USDT	+0.0100%	8h	0.2369	−0.126%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2369	−0.144%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2363	−0.379%	$2K	$1.4M	20x	as long as short
Kraken Futures PF_SNXUSD	+0.0354%	1h	0.2377	+0.229%	$142K	$61K	25x	as long as short