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: Gate against SunX+0.167%7-day average +0.525% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.325%+$32 · spread now +0.167%, 7d avg +0.525%

Together, before fees+0.325%+$32 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: Gate is 0.357% cheaper against SunX than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of +0.525%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SNX-USDT	0.2390	0.0100	pay 0.0100% / 8h	5h 19m	$2K	$1.4M	20x
Short	Gate SNX_USDT	0.2394	0.0100	get 0.0100% / 8h	5h 19m	$239K	$95K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now +0.167%Rate

Funding earned: $0
Price spread: +0.167% → +0.525%: −$35.73
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$58.73
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; Gate: live order book, 37 min ago. Net counts fees only.

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 SunX live order book, 5 min ago	501.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 37 min ago	4.14 bp	80.5 bp −$80	269.9 bp −$2,699	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	0.2253	−5.732%	$23K	$29K	12x	as long as short
Kraken Futures PF_SNXUSD	+0.0081%	1h	0.2397	+0.306%	$144K	$59K	25x	as long as short
Hyperliquid SNX	+0.0100%	1h	0.2398	+0.339%	$441K	$152K	3x	as long as short
Aster SNXUSDT	+0.0100%	8h	0.2398	+0.331%	$4K	$3K	5x	as long as short
Binance SNXUSDT	+0.0100%	8h	0.2397	+0.287%	$2.9M	$4.0M	75x	as long as short
Bybit SNXUSDT	+0.0100%	8h	0.2396	+0.251%	$1.7M	$1.3M	75x	as long as short
OKX SNX-USDT-SWAP	+0.0100%	8h	0.2397	+0.293%	$818K	$1.2M	20x	as long as short
Gate SNX_USDTshort	+0.0100%	8h	0.2394	+0.167%	$239K	$95K	25x
MEXC SNX_USDT	+0.0100%	8h	0.2397	+0.293%	$1.7M	$698K	100x	as long as short
KuCoin SNXUSDTM	+0.0100%	8h	0.2398	+0.335%	$723K	$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	0.2397	+0.293%	$1.1M	$390K	50x	as long as short
BingX SNX-USDT	+0.0100%	8h	0.2398	+0.335%	—	$2.3M	—	as long as short
Variational Omni SNX	+0.0100%	8h	0.2399	+0.379%	$12K	$4K	—	as long as short
SunX SNX-USDTlong	+0.0100%	8h	0.2390	long leg	$2K	$1.4M	20x
BloFin SNX-USDT	+0.0114%	8h	0.2398	+0.335%	$152K	$69K	75x	as long as short