Settings8H · net · $10k
Funding arb · Price arb /

SNX

all SNX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0019%/8h= −2.0% APRpaid last 24h +0.403%
Price spread now: Kraken Futures against SunX+0.315%7-day average +0.653% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.662%+$66 on $10k
Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.315%, 7d avg +0.653%
Together, before fees+0.724%+$72 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.339% cheaper against SunX than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.653%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.662%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SNX-USDT0.23830.0100pay 0.0100% / 8h5h 14m$2K$1.4M20x
ShortKraken Futures PF_SNXUSD0.23910.0081get 0.0010% / 1h14m 57s$143K$59K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
−$3.92
Price spread: +0.315% → +0.653%
−$33.87
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$55.79
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 10 min ago; Kraken Futures: live order book, 47 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 10 min ago501.04 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 47 min ago10.38 bp33.3 bp −$3379.3 bp −$793doesn't fitdoesn't fit

SNX on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SNX/USDC PERP−0.5000%1h0.2247−5.707%$23K$29K12xas long as short
Kraken Futures PF_SNXUSDshort+0.0081%1h0.2391+0.315%$143K$59K25x
Hyperliquid SNX+0.0100%1h0.2390+0.311%$439K$153K3xas long as short
Aster SNXUSDT+0.0100%8h0.2389+0.272%$4K$3K5xas long as short
Binance SNXUSDT+0.0100%8h0.2389+0.270%$2.9M$4.0M75xas long as short
Bybit SNXUSDT+0.0100%8h0.2388+0.210%$1.6M$1.3M75xas long as short
OKX SNX-USDT-SWAP+0.0100%8h0.2386+0.126%$822K$1.2M20xas long as short
Gate SNX_USDT+0.0100%8h0.2386+0.126%$238K$95K25xas long as short
MEXC SNX_USDT+0.0100%8h0.2388+0.210%$1.7M$698K100xas long as short
KuCoin SNXUSDTM+0.0100%8h0.2390+0.294%$720K$2.0M30xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SNXUSDT+0.0100%8h0.2388+0.210%$1.1M$390K50xas long as short
BingX SNX-USDT+0.0100%8h0.2389+0.252%$2.3Mas long as short
Variational Omni SNX+0.0100%8h0.2393+0.421%$12K$4Kas long as short
SunX SNX-USDTlong+0.0100%8h0.2383long leg$2K$1.4M20x
BloFin SNX-USDT+0.0129%8h0.2388+0.210%$152K$68K75xas long as short