Funding you earn now, next payment 16:00 UTC+0.0655%/8h= +71.7% APRnext payment +$6.55 per $10,000 · paid last 24h +0.021%
Price spread now: Bybit against Binance0.000%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days−0.155%−$15 on $10k
+Price spread, last 7 days+0.060%+$6 · spread now 0.000%, 7d avg −0.025%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Bybit is 0.025% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.025%. Mind the row above: over the last 7 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.155% in total (about -8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SNXXUSDT | 17.300 | −0.0655 | get 0.0655% / 8h | 7h 00m | $31.0M | $469.3M | 25x |
| Short | Bybit SNXXUSDT | 17.300 | 0 | get 0.0000% / 8h | 7h 00m | $3.9M | $20.2M | 50x |
Binance SNXXUSDT
Bybit SNXXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $137.57
- Price spread: 0.000% → −0.025%
- $2.47
- Slippage, 4 orders
- −$19.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $99.14
- Costs to cover
- 0.409%
- Break-even
- 2.0 days
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 3 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 Binance live order book, 13 min ago | 2.90 bp | 7.9 bp −$8 | 11.8 bp −$118 | 41.3 bp −$4,134 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.89 bp | 13.4 bp −$13 | 25.2 bp −$252 | doesn't fit | doesn't fit |
SNXX 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SNXXUSDC | −0.0727% | 4h | 17.303 | +0.018% | $53K | $402K | 10x | as long as short |
| Bitget SNXXUSDT | −0.0690% | 8h | 17.297 | −0.017% | $4.0M | $39.6M | 20x | as long as short |
| BloFin SNXX-USDT | −0.0684% | 8h | 17.330 | +0.173% | $237K | $278K | 25x | as long as short |
| MEXC SNXX_USDT | −0.0674% | 8h | 17.290 | −0.058% | $13.2M | $8.6M | 50x | as long as short |
| Binance SNXXUSDTlong | −0.0655% | 8h | 17.300 | long leg | $31.0M | $469.3M | 25x | |
| Orderly PERP_SNXX_USDC_mythos | −0.0625% | 8h | 17.320 | +0.116% | $1K | $2K | 10x | as long as short |
| KuCoin SNXXUSDTM | −0.0520% | 8h | 17.280 | −0.116% | $205K | $323K | 20x | as long as short |
| Aster SNXXUSDT | −0.0365% | 8h | 17.310 | +0.058% | $49K | $495K | 20x | as long as short |
| OKX SNXX-USDT-SWAP | −0.0216% | 8h | 17.300 | 0.000% | $5.2M | $62.6M | 25x | as long as short |
| Bybit SNXXUSDTshort | 0.0000% | 8h | 17.300 | 0.000% | $3.9M | $20.2M | 50x |
edgeX SNXXUSDC
Bitget SNXXUSDT
BloFin SNXX-USDT
MEXC SNXX_USDT
Orderly PERP_SNXX_USDC_mythos
KuCoin SNXXUSDTM
Aster SNXXUSDT
OKX SNXX-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNXX_USDT | 0.0000% | 8h | 17.289 | −0.064% | $4.5M | $18.9M | 50x | as long as short |
| SunX SNXX-USDT | 0.0000% | 8h | 17.330 | +0.173% | — | $4.1M | 10x | as long as short |
| Phemex SNXXUSDT | 0.0000% | 8h | 17.300 | 0.000% | $1.5M | $1.5M | 20x | as long as short |
| HTX SNXX-USDT | +0.0080% | 8h | 17.300 | 0.000% | $9K | $4K | 20x | as long as short |
| tradeXYZ xyz:SNXX | +0.0091% | 1h | 17.292 | −0.046% | $149K | $722K | 10x | as long as short |
Gate SNXX_USDT
SunX SNXX-USDT
Phemex SNXXUSDT
HTX SNXX-USDT
tradeXYZ xyz:SNXX