Funding arb · Price arb /

SNX

all SNX markets

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: Gate against MEXC+0.211%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1831.833% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.211%, 7d avg −0.030%

Together, before fees−0.259%−$26 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: Gate is 0.241% dearer against MEXC than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SNX_USDT	0.2373	0.0100	pay 0.0100% / 8h	4h 28m	$1.7M	$717K	100x
Short	Gate SNX_USDT	0.2378	0.0100	get 0.0100% / 8h	4h 28m	$240K	$96K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.211%Rate

Funding earned: $0
Price spread: +0.211% → −0.030%: $24.1
Slippage, 4 orders: −$164.34
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$159.24
Costs to cover: 1.833%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 23 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	2.11 bp	13.0 bp −$13	44.4 bp −$444	125.5 bp −$12.5K	doesn't fit
Sell Gate live order book, 23 min ago	4.25 bp	88.1 bp −$88	276.5 bp −$2,765	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	0.2235	−5.815%	$23K	$29K	12x	as long as short
BloFin SNX-USDT	+0.0089%	8h	0.2373	0.000%	$153K	$68K	75x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2374	+0.042%	$433K	$155K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2377	+0.165%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2375	+0.084%	$2.9M	$4.1M	75x	as long as short
Bybit SNXUSDT	+0.0100%	8h	0.2376	+0.126%	$1.6M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2373	0.000%	$844K	$1.3M	20x	as long as short
Gate SNX_USDTshort	+0.0100%	8h	0.2378	+0.211%	$240K	$96K	25x
MEXC SNX_USDTlong	+0.0100%	8h	0.2373	long leg	$1.7M	$717K	100x
KuCoin SNXUSDTM	+0.0100%	8h	0.2375	+0.084%	$670K	$2.0M	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNXUSDT	+0.0100%	8h	0.2376	+0.126%	$1.1M	$395K	50x	as long as short
BingX SNX-USDT	+0.0100%	8h	0.2379	+0.253%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2375	+0.088%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2368	−0.211%	$2K	$1.4M	20x	as long as short
Kraken Futures PF_SNXUSD	+0.0354%	1h	0.2378	+0.223%	$142K	$60K	25x	as long as short