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: Bybit against OKX0.000%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1451.451% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 7 days−0.073%−$7 · spread now 0.000%, 7d avg −0.054%

Together, before fees+0.018%+$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: Bybit is 0.054% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNX-USDT-SWAP	0.2376	0.0100	pay 0.0100% / 8h	2h 00m	$844K	$1.3M	20x
Short	Bybit SNXUSDT	0.2376	0.0100	get 0.0100% / 8h	2h 00m	$1.6M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.054%: $5.39
Slippage, 4 orders: −$124.09
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$139.7
Costs to cover: 1.451%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: 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 OKX live order book, 2 min ago	2.10 bp	25.4 bp −$25	2112.6 bp −$21.1K	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.21 bp	47.5 bp −$47	373.3 bp −$3,733	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	0.2236	−5.892%	$22K	$30K	12x	as long as short
BloFin SNX-USDT	+0.0100%	8h	0.2379	+0.126%	$153K	$69K	75x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2379	+0.105%	$435K	$160K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2377	+0.054%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2377	+0.038%	$2.9M	$4.3M	75x	as long as short
Bybit SNXUSDTshort	+0.0100%	8h	0.2376	0.000%	$1.6M	$1.3M	75x
OKX SNX-USDT-SWAPlong	+0.0100%	8h	0.2376	long leg	$844K	$1.3M	20x
Gate SNX_USDT	+0.0100%	8h	0.2375	−0.042%	$240K	$97K	25x	as long as short
MEXC SNX_USDT	+0.0100%	8h	0.2377	+0.042%	$1.6M	$704K	100x	as long as short
KuCoin SNXUSDTM	+0.0100%	8h	0.2378	+0.084%	$677K	$1.9M	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	0.2377	+0.042%	$1.1M	$385K	50x	as long as short
BingX SNX-USDT	+0.0100%	8h	0.2377	+0.042%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2377	+0.045%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2367	−0.379%	$2K	$1.5M	20x	as long as short
Kraken Futures PF_SNXUSD	+0.0747%	1h	0.2379	+0.127%	$143K	$67K	25x	as long as short