Funding arb · Price arb /

SNX

all SNX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against OKX+0.043%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1551.551% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 7 days+0.103%+$10 · spread now +0.043%, 7d avg +0.064%

Together, before fees+0.190%+$19 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: KuCoin is 0.021% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNX-USDT-SWAP	0.2328	0.0100	pay 0.0100% / 8h	4h 09m	$831K	$1.1M	20x
Short	KuCoin SNXUSDTM	0.2329	0.0100	get 0.0100% / 8h	4h 09m	$653K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.064%: −$2.15
Slippage, 4 orders: −$133.13
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$157.27
Costs to cover: 1.551%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 9 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, 5 min ago	4.30 bp	19.0 bp −$19	1894.0 bp −$18.9K	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	2.15 bp	54.3 bp −$54	109.5 bp −$1,095	doesn't fit	doesn't fit

SNX on 15 exchanges

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	+0.0033%	1h	0.2355	+1.160%	$23K	$30K	12x	as long as short
BloFin SNX-USDT	+0.0099%	8h	0.2325	−0.129%	$151K	$59K	75x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2330	+0.082%	$428K	$135K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2329	+0.028%	$4K	$2K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2330	+0.086%	$2.9M	$4.0M	75x	as long as short
Bybit SNXUSDT	+0.0100%	8h	0.2328	0.000%	$1.6M	$1.2M	75x	as long as short
OKX SNX-USDT-SWAPlong	+0.0100%	8h	0.2328	long leg	$831K	$1.1M	20x
Gate SNX_USDT	+0.0100%	8h	0.2325	−0.129%	$230K	$79K	25x	as long as short
MEXC SNX_USDT	+0.0100%	8h	0.2329	+0.043%	$1.8M	$650K	100x	as long as short
KuCoin SNXUSDTMshort	+0.0100%	8h	0.2329	+0.043%	$653K	$1.5M	30x

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNXUSDT	+0.0100%	8h	0.2330	+0.086%	$1.1M	$335K	50x	as long as short
BingX SNX-USDT	+0.0100%	8h	0.2328	0.000%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2324	−0.178%	$12K	$3K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2315	−0.558%	$2K	$1.5M	20x	as long as short
Kraken Futures PF_SNXUSD	+0.0740%	1h	0.2326	−0.081%	$138K	$66K	25x	as long as short