Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h +0.029%

Price spread now: tradeXYZ against Binance+0.126%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.187%−$19 on $10k

Price spread, last 2 days (all we have)+0.070%+$7 · spread now +0.126%, 7d avg +0.055%

Together, before fees−0.117%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.071% dearer against Binance than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.055%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNXXUSDT	17.872	0.0859	pay 0.0859% / 8h	6h 56m	$33.5M	$467.9M	25x
Short	tradeXYZ xyz:SNXX	17.895	0.0776	get 0.0097% / 1h	56m 13s	$142K	$853K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Binance. 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 BinancebpFee tradeXYZbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$17.48
Price spread: +0.126% → +0.055%: $7.13
Slippage, 4 orders: −$30.61
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$68.97
Costs to cover: 0.586%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; tradeXYZ: live order book, 41 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, 3 min ago	2.79 bp	7.8 bp −$8	8.5 bp −$85	40.4 bp −$4,036	doesn't fit
Sell tradeXYZ live order book, 41 min ago	2.52 bp	21.0 bp −$21	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
edgeX SNXXUSDC	−0.0327%	4h	17.900	+0.157%	$55K	$403K	10x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.860	−0.069%	—	$4.8M	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.870	−0.013%	$1.6M	$1.5M	20x	as long as short
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.890	+0.098%	$1K	$2K	10x	as long as short
KuCoin SNXXUSDTM	+0.0142%	8h	17.890	+0.098%	$212K	$306K	20x	as long as short
Gate SNXX_USDT	+0.0210%	8h	17.880	+0.042%	$4.4M	$17.6M	50x	as long as short
OKX SNXX-USDT-SWAP	+0.0299%	8h	17.870	−0.013%	$5.2M	$61.6M	25x	as long as short
Bitget SNXXUSDT	+0.0575%	8h	17.880	+0.042%	$4.1M	$41.4M	20x	as long as short
Aster SNXXUSDT	+0.0656%	8h	17.890	+0.100%	$53K	$573K	20x	as long as short
tradeXYZ xyz:SNXXshort	+0.0776%	1h	17.895	+0.126%	$142K	$853K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SNXXUSDTlong	+0.0859%	8h	17.872	long leg	$33.5M	$467.9M	25x
MEXC SNXX_USDT	+0.0861%	8h	17.870	−0.013%	$7.6M	$7.5M	50x	as long as short
BloFin SNXX-USDT	+0.0881%	8h	17.860	−0.069%	$288K	$284K	25x	as long as short
HTX SNXX-USDT	+0.1800%	8h	17.870	−0.013%	$10K	$6K	10x	as long as short
Bybit SNXXUSDT	+0.2838%	8h	17.880	+0.042%	$3.3M	$18.4M	50x	as long as short