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

SNX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against KuCoin−0.008%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1781.780% 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)−0.508%−$51 · spread now −0.008%, 7d avg +0.030%
Together, before fees−0.510%+ Points / potential airdropHyperliquid: Season 2 · farm board−$51 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: Hyperliquid is 0.038% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SNXUSDTM0.24020.0100pay 0.0100% / 8h5h 42m$722K$2.1M30x
ShortHyperliquid SNX0.24020.0100get 0.0013% / 1h42m 08s$442K$152K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: −0.008% → +0.030%
−$3.79
Slippage, 4 orders
−$157
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$181.79
Costs to cover
1.780%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Hyperliquid: live order book, 58 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 KuCoin live order book, 4 min ago6.26 bp73.3 bp −$73227.3 bp −$2,273doesn't fitdoesn't fit
Sell Hyperliquid live order book, 58 min ago3.35 bp23.1 bp −$23doesn'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%1h0.2254−6.162%$23K$29K12xas long as short
Kraken Futures PF_SNXUSD+0.0081%1h0.2401−0.026%$144K$59K25xas long as short
BloFin SNX-USDT+0.0088%8h0.2403+0.042%$151K$69K75xas long as short
Hyperliquid SNXshort+0.0100%1h0.2402−0.008%$442K$152K3x
Aster SNXUSDT+0.0100%8h0.2402+0.009%$4K$3K5xas long as short
Binance SNXUSDT+0.0100%8h0.2400−0.088%$2.9M$4.0M75xas long as short
Bybit SNXUSDT+0.0100%8h0.2401−0.042%$1.7M$1.3M75xas long as short
OKX SNX-USDT-SWAP+0.0100%8h0.2398−0.167%$799K$1.1M20xas long as short
Gate SNX_USDT+0.0100%8h0.2398−0.167%$240K$93K25xas long as short
MEXC SNX_USDT+0.0100%8h0.2401−0.042%$1.7M$694K100xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SNXUSDTMlong+0.0100%8h0.2402long leg$722K$2.1M30x
Bitget SNXUSDT+0.0100%8h0.2401−0.042%$1.1M$389K50xas long as short
BingX SNX-USDT+0.0100%8h0.2401−0.042%$2.3Mas long as short
Variational Omni SNX+0.0100%8h0.2395−0.288%$12K$4Kas long as short
SunX SNX-USDT+0.0100%8h0.2394−0.333%$2K$1.4M20xas long as short