Funding you earn now, next payment 08:00 UTC−0.0854%/8h= −93.5% APRnext payment −$8.54 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Binance+0.168%52s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1261.265% of the position
Funding, last 7 days−0.530%−$53 on $10k
+Price spread, last 2 days (all we have)−0.141%−$14 · spread now +0.168%, 7d avg +0.034%
=The price spread pays, funding is against you. Phemex is 0.133% dearer against Binance than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of +0.034%): +$13 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.530% in total) that is about 42 hours. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.530% in total (about -27.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.54 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 | 17.900 | 0.0854 | pay 0.0854% / 8h | 7h 03m | $33.7M | $466.3M | 25x |
| Short | Phemex SNXXUSDT | 17.930 | 0 | get 0.0000% / 8h | 7h 03m | $1.6M | $1.5M | 20x |
Binance SNXXUSDT
Phemex SNXXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$179.25
- Price spread: +0.168% → +0.034%
- $13.32
- Slippage, 4 orders
- −$104.48
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$292.41
- Costs to cover
- 1.265%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Phemex: live order book, 5 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, 10 min ago | 2.79 bp | 7.8 bp −$8 | 10.9 bp −$109 | 39.4 bp −$3,936 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 13.92 bp | 55.6 bp −$56 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX SNXX-USDT | 0.0000% | 8h | 17.940 | +0.223% | — | $4.8M | 10x | as long as short |
| Phemex SNXXUSDTshort | 0.0000% | 8h | 17.930 | +0.168% | $1.6M | $1.5M | 20x | |
| Orderly PERP_SNXX_USDC_mythos | +0.0100% | 8h | 17.910 | +0.056% | $1K | $2K | 10x | as long as short |
| KuCoin SNXXUSDTM | +0.0149% | 8h | 17.920 | +0.112% | $212K | $306K | 20x | as long as short |
| OKX SNXX-USDT-SWAP | +0.0309% | 8h | 17.910 | +0.056% | $5.2M | $61.7M | 25x | as long as short |
| Gate SNXX_USDT | +0.0378% | 8h | 17.908 | +0.045% | $4.4M | $18.0M | 50x | as long as short |
| Bitget SNXXUSDT | +0.0585% | 8h | 17.906 | +0.034% | $4.1M | $41.3M | 20x | as long as short |
| Aster SNXXUSDT | +0.0657% | 8h | 17.916 | +0.090% | $53K | $573K | 20x | as long as short |
| edgeX SNXXUSDC | +0.0673% | 4h | 17.949 | +0.272% | $55K | $404K | 10x | as long as short |
| BloFin SNXX-USDT | +0.0810% | 8h | 17.950 | +0.279% | $287K | $285K | 25x | as long as short |
SunX SNXX-USDT
Orderly PERP_SNXX_USDC_mythos
KuCoin SNXXUSDTM
OKX SNXX-USDT-SWAP
Gate SNXX_USDT
Bitget SNXXUSDT
Aster SNXXUSDT
edgeX SNXXUSDC
BloFin SNXX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SNXX_USDT | +0.0840% | 8h | 17.890 | −0.056% | $7.7M | $7.5M | 50x | as long as short |
| Binance SNXXUSDTlong | +0.0854% | 8h | 17.900 | long leg | $33.7M | $466.3M | 25x | |
| HTX SNXX-USDT | +0.2523% | 8h | 17.920 | +0.112% | $10K | $5K | 10x | as long as short |
| tradeXYZ xyz:SNXX | +0.3115% | 1h | 17.918 | +0.101% | $143K | $860K | 10x | as long as short |
| Bybit SNXXUSDT | +0.3533% | 8h | 17.910 | +0.056% | $3.3M | $18.4M | 50x | as long as short |
MEXC SNXX_USDT
HTX SNXX-USDT
tradeXYZ xyz:SNXX
Bybit SNXXUSDT