Funding arb · Price arb /

SNX

all SNX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.043%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$680.685% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.043%−$4 · spread now +0.043%, 7d avg +0.004%

Together, before fees−0.042%−$4 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 0.039% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SNX_USDT	0.2350	0.0100	pay 0.0100% / 8h	6h 21m	$1.7M	$658K	100x
Short	Binance SNXUSDT	0.2351	0.0100	get 0.0100% / 8h	6h 21m	$2.9M	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.004%: $3.87
Slippage, 4 orders: −$54.47
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$64.6
Costs to cover: 0.685%
Break-even: never at this rate

Slippage from MEXC: 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 MEXC live order book, 3 min ago	4.27 bp	13.1 bp −$13	42.2 bp −$422	120.3 bp −$12.0K	doesn't fit
Sell Binance live order book, 8 min ago	2.13 bp	19.3 bp −$19	70.5 bp −$705	doesn't fit	doesn't fit

SNX on 15 exchanges

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	0.2355	+0.213%	$23K	$30K	12x	as long as short
BloFin SNX-USDT	+0.0093%	8h	0.2347	−0.128%	$152K	$67K	75x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2353	+0.119%	$433K	$138K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2350	+0.014%	$4K	$2K	5x	as long as short
Binance SNXUSDTshort	+0.0100%	8h	0.2351	+0.043%	$2.9M	$4.0M	75x
Bybit SNXUSDT	+0.0100%	8h	0.2351	+0.043%	$1.6M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2350	0.000%	$846K	$1.1M	20x	as long as short
Gate SNX_USDT	+0.0100%	8h	0.2348	−0.085%	$235K	$78K	25x	as long as short
MEXC SNX_USDTlong	+0.0100%	8h	0.2350	long leg	$1.7M	$658K	100x
KuCoin SNXUSDTM	+0.0100%	8h	0.2349	−0.043%	$668K	$1.6M	30x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNXUSDT	+0.0100%	8h	0.2352	+0.085%	$1.1M	$365K	50x	as long as short
BingX SNX-USDT	+0.0100%	8h	0.2348	−0.085%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2345	−0.233%	$12K	$3K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2343	−0.298%	$2K	$1.4M	20x	as long as short
Kraken Futures PF_SNXUSD	+0.0981%	1h	0.2353	+0.122%	$142K	$61K	25x	as long as short