Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against OKX+0.168%93s7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1021.016% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.168%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.172% dearer against OKX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.005%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SNX-USDT-SWAP | 0.2384 | 0.0100 | pay 0.0100% / 8h | 5h 13m | $824K | $1.2M | 20x |
| Short | BloFin SNX-USDT | 0.2388 | 0.0129 | get 0.0129% / 8h | 5h 13m | $152K | $68K | 75x |
OKX SNX-USDT-SWAP
BloFin SNX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.08
- Price spread: +0.168% → −0.005%
- $17.24
- Slippage, 4 orders
- −$79.65
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$78.34
- Costs to cover
- 1.016%
- Break-even
- 97.3 days
Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 18 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 OKX live order book, 3 min ago | 2.09 bp | 30.4 bp −$30 | 1970.5 bp −$19.7K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 18 min ago | 4.17 bp | 26.1 bp −$26 | 59.2 bp −$592 | 351.3 bp −$35.1K | 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 | 0.2247 | −5.747% | $23K | $29K | 12x | as long as short |
| Kraken Futures PF_SNXUSD | +0.0081% | 1h | 0.2390 | +0.233% | $143K | $59K | 25x | as long as short |
| Hyperliquid SNX | +0.0100% | 1h | 0.2390 | +0.235% | $439K | $153K | 3x | as long as short |
| Aster SNXUSDT | +0.0100% | 8h | 0.2390 | +0.245% | $4K | $3K | 5x | as long as short |
| Binance SNXUSDT | +0.0100% | 8h | 0.2389 | +0.215% | $2.9M | $4.0M | 75x | as long as short |
| Bybit SNXUSDT | +0.0100% | 8h | 0.2389 | +0.210% | $1.6M | $1.3M | 75x | as long as short |
| OKX SNX-USDT-SWAPlong | +0.0100% | 8h | 0.2384 | long leg | $824K | $1.2M | 20x | |
| Gate SNX_USDT | +0.0100% | 8h | 0.2386 | +0.084% | $238K | $95K | 25x | as long as short |
| MEXC SNX_USDT | +0.0100% | 8h | 0.2388 | +0.168% | $1.7M | $699K | 100x | as long as short |
| KuCoin SNXUSDTM | +0.0100% | 8h | 0.2390 | +0.252% | $720K | $2.0M | 30x | as long as short |
Injective SNX/USDC PERP
Kraken Futures PF_SNXUSD
Hyperliquid SNX
Aster SNXUSDT
Binance SNXUSDT
Bybit SNXUSDT
Gate SNX_USDT
MEXC SNX_USDT
KuCoin SNXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNXUSDT | +0.0100% | 8h | 0.2387 | +0.126% | $1.1M | $390K | 50x | as long as short |
| BingX SNX-USDT | +0.0100% | 8h | 0.2389 | +0.210% | — | $2.3M | — | as long as short |
| Variational Omni SNX | +0.0100% | 8h | 0.2393 | +0.379% | $12K | $4K | — | as long as short |
| SunX SNX-USDT | +0.0100% | 8h | 0.2381 | −0.126% | $2K | $1.4M | 20x | as long as short |
| BloFin SNX-USDTshort | +0.0129% | 8h | 0.2388 | +0.168% | $152K | $68K | 75x |
Bitget SNXUSDT
BingX SNX-USDT
Variational Omni SNX
SunX SNX-USDT