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: OKX against KuCoin−0.126%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1741.743% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.126%, 7d avg −0.068%

Together, before fees−0.061%−$6 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: OKX is 0.058% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNXUSDTM	0.2379	0.0100	pay 0.0100% / 8h	3h 28m	$673K	$2.0M	30x
Short	OKX SNX-USDT-SWAP	0.2376	0.0100	get 0.0100% / 8h	3h 28m	$849K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.126%Rate

Funding earned: $0
Price spread: −0.126% → −0.068%: −$5.8
Slippage, 4 orders: −$152.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$180.14
Costs to cover: 1.743%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 3 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	4.20 bp	69.5 bp −$70	132.4 bp −$1,324	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.10 bp	25.1 bp −$25	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	0.2239	−5.885%	$23K	$29K	12x	as long as short
BloFin SNX-USDT	+0.0081%	8h	0.2380	+0.042%	$154K	$69K	75x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2381	+0.076%	$434K	$153K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2380	+0.022%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2377	−0.073%	$2.9M	$4.1M	75x	as long as short
Bybit SNXUSDT	+0.0100%	8h	0.2379	0.000%	$1.7M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAPshort	+0.0100%	8h	0.2376	−0.126%	$849K	$1.2M	20x
Gate SNX_USDT	+0.0100%	8h	0.2379	0.000%	$240K	$95K	25x	as long as short
MEXC SNX_USDT	+0.0100%	8h	0.2378	−0.042%	$1.7M	$717K	100x	as long as short
KuCoin SNXUSDTMlong	+0.0100%	8h	0.2379	long leg	$673K	$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	0.2377	−0.084%	$1.1M	$357K	50x	as long as short
BingX SNX-USDT	+0.0100%	8h	0.2378	−0.042%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2383	+0.172%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2370	−0.378%	$2K	$1.4M	20x	as long as short
Kraken Futures PF_SNXUSD	+0.0442%	1h	0.2377	−0.097%	$142K	$61K	25x	as long as short