Funding arb · Price arb /

SNX

all SNX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0440%/8h= −48.1% APRpaid last 24h +0.445%

Price spread now: Kraken Futures against MEXC+0.126%7-day average +0.101% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$750.746% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.678%+$68 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.126%, 7d avg +0.101%

Together, before fees+0.644%+$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.025% dearer against MEXC than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.101%): +$2 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.678%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SNX_USDT	0.2404	0.0100	pay 0.0100% / 8h	7h 37m	$1.8M	$689K	100x
Short	Kraken Futures PF_SNXUSD	0.2407	−0.0340	pay 0.0042% / 1h	37m 02s	$145K	$58K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$92.34
Price spread: +0.126% → +0.101%: $2.47
Slippage, 4 orders: −$60.62
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$164.49
Costs to cover: 0.746%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Kraken Futures: live order book, 35 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, 5 min ago	2.08 bp	12.1 bp −$12	37.3 bp −$373	123.3 bp −$12.3K	doesn't fit
Sell Kraken Futures live order book, 35 min ago	4.18 bp	28.7 bp −$29	89.5 bp −$895	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	0.2259	−6.032%	$23K	$29K	12x	as long as short
Kraken Futures PF_SNXUSDshort	−0.0340%	1h	0.2407	+0.126%	$145K	$58K	25x
Hyperliquid SNX	+0.0100%	1h	0.2406	+0.096%	$446K	$148K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2402	−0.072%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2404	0.000%	$2.9M	$4.0M	75x	as long as short
Bybit SNXUSDT	+0.0100%	8h	0.2404	0.000%	$1.6M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2404	0.000%	$777K	$1.1M	20x	as long as short
Gate SNX_USDT	+0.0100%	8h	0.2402	−0.083%	$240K	$97K	25x	as long as short
MEXC SNX_USDTlong	+0.0100%	8h	0.2404	long leg	$1.8M	$689K	100x
KuCoin SNXUSDTM	+0.0100%	8h	0.2405	+0.042%	$732K	$2.1M	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	0.2403	−0.042%	$1.1M	$395K	50x	as long as short
BingX SNX-USDT	+0.0100%	8h	0.2404	0.000%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2405	+0.026%	$12K	$6K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2396	−0.333%	$2K	$1.4M	20x	as long as short
BloFin SNX-USDT	+0.0106%	8h	0.2404	0.000%	$150K	$61K	75x	as long as short