Funding arb · Price arb /

SNX

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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: MEXC against OKX+0.042%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.042%, 7d avg +0.004%

Together, before fees+0.031%+$3 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: MEXC is 0.038% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNX-USDT-SWAP	0.2380	0.0100	pay 0.0100% / 8h	3h 30m	$851K	$1.2M	20x
Short	MEXC SNX_USDT	0.2381	0.0100	get 0.0100% / 8h	3h 30m	$1.7M	$716K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.004%: $3.79
Slippage, 4 orders: −$52.4
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$62.62
Costs to cover: 0.664%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; MEXC: 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, 1 min ago	2.10 bp	21.9 bp −$22	1533.6 bp −$15.3K	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.10 bp	10.6 bp −$11	42.5 bp −$425	141.9 bp −$14.2K	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	0.2235	−6.092%	$23K	$29K	12x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2384	+0.176%	$435K	$153K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2381	+0.055%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2381	+0.043%	$2.9M	$4.1M	75x	as long as short
Bybit SNXUSDT	+0.0100%	8h	0.2383	+0.126%	$1.7M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAPlong	+0.0100%	8h	0.2380	long leg	$851K	$1.2M	20x
Gate SNX_USDT	+0.0100%	8h	0.2380	0.000%	$240K	$95K	25x	as long as short
MEXC SNX_USDTshort	+0.0100%	8h	0.2381	+0.042%	$1.7M	$716K	100x
KuCoin SNXUSDTM	+0.0100%	8h	0.2380	0.000%	$673K	$2.0M	30x	as long as short
Bitget SNXUSDT	+0.0100%	8h	0.2381	+0.042%	$1.1M	$357K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SNX-USDT	+0.0100%	8h	0.2380	0.000%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2383	+0.130%	$12K	$4K	—	as long as short
SunX SNX-USDT	+0.0100%	8h	0.2373	−0.294%	$2K	$1.4M	20x	as long as short
BloFin SNX-USDT	+0.0110%	8h	0.2381	+0.042%	$154K	$69K	75x	as long as short
Kraken Futures PF_SNXUSD	+0.0441%	1h	0.2382	+0.096%	$142K	$61K	25x	as long as short