Funding arb · Price arb /

SNX

all SNX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0652%/8h= +71.4% APRpaid last 24h +0.333%

Price spread now: Kraken Futures against OKX+0.139%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1311.309% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.758%+$76 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.139%, 7d avg +0.076%

Together, before fees+0.727%+$73 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Kraken Futures is 0.063% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNX-USDT-SWAP	0.2360	0.0100	pay 0.0100% / 8h	2h 36m	$842K	$1.2M	20x
Short	Kraken Futures PF_SNXUSD	0.2363	0.0752	get 0.0094% / 1h	36m 05s	$142K	$65K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.139%Rate

Funding earned: $136.99
Price spread: +0.139% → +0.076%: $6.29
Slippage, 4 orders: −$110.91
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $12.37
Costs to cover: 1.309%
Break-even: 6.4 days

Slippage from OKX: live order book, just now; Kraken Futures: live order book, 11 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, just now	2.12 bp	24.5 bp −$25	1547.1 bp −$15.5K	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 11 min ago	8.42 bp	27.8 bp −$28	72.6 bp −$726	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	0.2232	−5.424%	$22K	$30K	12x	as long as short
BloFin SNX-USDT	+0.0095%	8h	0.2363	+0.127%	$154K	$68K	75x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2364	+0.161%	$431K	$153K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2359	−0.047%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2359	−0.029%	$2.9M	$4.1M	75x	as long as short
Bybit SNXUSDT	+0.0100%	8h	0.2360	0.000%	$1.6M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAPlong	+0.0100%	8h	0.2360	long leg	$842K	$1.2M	20x
Gate SNX_USDT	+0.0100%	8h	0.2360	0.000%	$240K	$95K	25x	as long as short
MEXC SNX_USDT	+0.0100%	8h	0.2360	0.000%	$1.7M	$693K	100x	as long as short
KuCoin SNXUSDTM	+0.0100%	8h	0.2360	0.000%	$669K	$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	0.2361	+0.042%	$1.1M	$368K	50x	as long as short
BingX SNX-USDT	+0.0100%	8h	0.2358	−0.085%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2362	+0.068%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2353	−0.297%	$2K	$1.5M	20x	as long as short
Kraken Futures PF_SNXUSDshort	+0.0752%	1h	0.2363	+0.139%	$142K	$65K	25x