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

SNX

all SNX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against MEXC+0.158%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$650.655% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.017%+$2 on $10k
Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.158%, 7d avg +0.056%
Together, before fees−0.155%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 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 0.102% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SNX_USDT0.24030.0100pay 0.0100% / 8h6h 09m$1.7M$699K100x
ShortHyperliquid SNX0.24070.0100get 0.0013% / 1h9m 35s$443K$152K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.158% → +0.056%
$10.23
Slippage, 4 orders
−$52.46
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$55.23
Costs to cover
0.655%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; Hyperliquid: live order book, 30 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 MEXC live order book, 2 min ago2.08 bp10.3 bp −$1037.7 bp −$377133.4 bp −$13.3Kdoesn't fit
Sell Hyperliquid live order book, 30 min ago3.35 bp23.1 bp −$23doesn't fitdoesn't fitdoesn't fit

SNX on 14 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%1h0.2260−5.951%$23K$29K12xas long as short
Hyperliquid SNXshort+0.0100%1h0.2407+0.158%$443K$152K3x
Aster SNXUSDT+0.0100%8h0.2405+0.069%$4K$3K5xas long as short
Binance SNXUSDT+0.0100%8h0.2403+0.004%$2.9M$4.0M75xas long as short
Bybit SNXUSDT+0.0100%8h0.2402−0.042%$1.7M$1.3M75xas long as short
OKX SNX-USDT-SWAP+0.0100%8h0.2401−0.083%$785K$1.1M20xas long as short
Gate SNX_USDT+0.0100%8h0.24030.000%$241K$95K25xas long as short
MEXC SNX_USDTlong+0.0100%8h0.2403long leg$1.7M$699K100x
KuCoin SNXUSDTM+0.0100%8h0.2405+0.083%$725K$2.1M30xas long as short
Bitget SNXUSDT+0.0100%8h0.24030.000%$1.1M$391K50xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SNX-USDT+0.0100%8h0.24030.000%$2.3Mas long as short
Variational Omni SNX+0.0100%8h0.2405+0.066%$12K$4Kas long as short
SunX SNX-USDT+0.0100%8h0.2398−0.208%$2K$1.4M20xas long as short
Kraken Futures PF_SNXUSD+0.0109%1h0.2408+0.190%$144K$58K25xas long as short