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

SNXX

RWAall SNXX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.113%
Price spread now: edgeX against Bitget−0.071%54s7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$950.952% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.469%−$47 on $10k
Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.071%, 7d avg +0.024%
Together, before fees−0.397%+ Points / potential airdropedgeX: Active · farm board−$40 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 edgeX is 0.095% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.024%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SNXXUSDT17.576−0.0484get 0.0484% / 8h2h 50m$3.9M$40.2M20x
ShortedgeX SNXXUSDC17.563−0.0511pay 0.0256% / 4h2h 50m$54K$403K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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
−$5.74
Price spread: −0.071% → +0.024%
−$9.51
Slippage, 4 orders
−$74.24
Fee Bitget: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$110.49
Costs to cover
0.952%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; edgeX: live order book, 63 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago1.71 bp17.5 bp −$1832.7 bp −$32737.7 bp −$3,77573.7 bp −$36.8K
Sell edgeX live order book, 63 min ago16.83 bp24.8 bp −$2568.7 bp −$687doesn't fitdoesn't fit

SNXX 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
tradeXYZ xyz:SNXX−0.2298%1h17.567−0.051%$144K$752K10xas long as short
Bybit SNXXUSDT−0.1439%8h17.590+0.080%$3.6M$19.1M50xas long as short
HTX SNXX-USDT−0.0890%8h17.570−0.034%$9K$5K10xas long as short
BloFin SNXX-USDT−0.0757%8h17.600+0.137%$282K$282K25xas long as short
MEXC SNXX_USDT−0.0730%8h17.570−0.034%$9.1M$7.7M50xas long as short
Binance SNXXUSDT−0.0730%8h17.579+0.018%$31.0M$474.7M25xas long as short
KuCoin SNXXUSDTM−0.0576%8h17.550−0.148%$207K$269K20xas long as short
edgeX SNXXUSDCshort−0.0511%4h17.563−0.071%$54K$403K10x
Bitget SNXXUSDTlong−0.0484%8h17.576long leg$3.9M$40.2M20x
Orderly PERP_SNXX_USDC_mythos−0.0260%8h17.570−0.034%$1K$2K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SNXX-USDT-SWAP−0.0197%8h17.580+0.023%$5.1M$63.5M25xas long as short
SunX SNXX-USDT−0.0121%8h17.570−0.034%$4.6M10xas long as short
Aster SNXXUSDT−0.0076%8h17.566−0.057%$52K$490K20xas long as short
Gate SNXX_USDT0.0000%8h17.577+0.006%$4.2M$18.3M50xas long as short
Phemex SNXXUSDT0.0000%8h17.570−0.034%$1.6M$1.5M20xas long as short