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 MEXC+0.042%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$880.883% of the position

Long on MEXC Short on Bitget

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+0.006%+$1 · spread now +0.042%, 7d avg +0.017%

Together, before fees+0.024%+$2 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 0.025% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SNX_USDT	0.2379	0.0100	pay 0.0100% / 8h	4h 29m	$1.7M	$717K	100x
Short	Bitget SNXUSDT	0.2380	0.0100	get 0.0100% / 8h	4h 29m	$1.1M	$395K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.017%: $2.52
Slippage, 4 orders: −$72.26
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$85.74
Costs to cover: 0.883%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 1 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, 2 min ago	2.11 bp	13.0 bp −$13	44.4 bp −$444	125.5 bp −$12.5K	doesn't fit
Sell Bitget live order book, 1 min ago	4.21 bp	29.8 bp −$30	90.7 bp −$907	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	−6.095%	$23K	$29K	12x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2382	+0.122%	$435K	$155K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2382	+0.131%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2380	+0.042%	$2.9M	$4.1M	75x	as long as short
Bybit SNXUSDT	+0.0100%	8h	0.2380	+0.042%	$1.6M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2379	0.000%	$848K	$1.3M	20x	as long as short
Gate SNX_USDT	+0.0100%	8h	0.2379	0.000%	$240K	$96K	25x	as long as short
MEXC SNX_USDTlong	+0.0100%	8h	0.2379	long leg	$1.7M	$717K	100x
KuCoin SNXUSDTM	+0.0100%	8h	0.2379	0.000%	$671K	$2.0M	30x	as long as short
Bitget SNXUSDTshort	+0.0100%	8h	0.2380	+0.042%	$1.1M	$395K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SNX-USDT	+0.0100%	8h	0.2381	+0.084%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2375	−0.165%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2370	−0.378%	$2K	$1.4M	20x	as long as short
BloFin SNX-USDT	+0.0125%	8h	0.2373	−0.252%	$153K	$68K	75x	as long as short
Kraken Futures PF_SNXUSD	+0.0354%	1h	0.2379	−0.012%	$142K	$60K	25x	as long as short