Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget−0.191%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$21 on $10k

Price spread, last 7 days+0.219%+$22 · spread now −0.191%, 7d avg −0.012%

Together, before fees+0.434%+$43 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.179% cheaper against Bitget than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNXXUSDT	17.774	0	get 0.0000% / 8h	7h 53m	$4.2M	$41.6M	20x
Short	MEXC SNXX_USDT	17.740	0	get 0.0000% / 8h	7h 53m	$7.6M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee BitgetbpFee MEXCbpOrdersPrice spread, now −0.191%Rate

Funding earned: $0
Price spread: −0.191% → −0.012%: −$17.9
Slippage, 4 orders: −$42.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$72.86
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; MEXC: 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 Bitget live order book, 1 min ago	1.41 bp	14.8 bp −$15	26.8 bp −$268	34.5 bp −$3,451	71.6 bp −$35.8K
Sell MEXC live order book, 5 min ago	5.65 bp	14.7 bp −$15	16.7 bp −$167	21.4 bp −$2,144	74.3 bp −$37.1K

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
Aster SNXXUSDT	0.0000%	8h	17.713	−0.344%	$52K	$573K	20x	as long as short
Binance SNXXUSDT	0.0000%	8h	17.763	−0.060%	$33.2M	$474.6M	25x	as long as short
OKX SNXX-USDT-SWAP	0.0000%	8h	17.770	−0.023%	$5.1M	$62.1M	25x	as long as short
MEXC SNXX_USDTshort	0.0000%	8h	17.740	−0.191%	$7.6M	$7.5M	50x
Bitget SNXXUSDTlong	0.0000%	8h	17.774	long leg	$4.2M	$41.6M	20x
SunX SNXX-USDT	0.0000%	8h	17.770	−0.023%	—	$5.0M	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.770	−0.023%	$1.6M	$1.5M	20x	as long as short
Gate SNXX_USDT	+0.0007%	8h	17.766	−0.045%	$4.2M	$17.6M	50x	as long as short
BloFin SNXX-USDT	+0.0026%	8h	17.780	+0.034%	$281K	$283K	25x	as long as short
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.740	−0.191%	$1K	$2K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SNXXUSDTM	+0.0100%	8h	17.700	−0.416%	$209K	$310K	20x	as long as short
edgeX SNXXUSDC	+0.0236%	4h	17.715	−0.334%	$55K	$403K	10x	as long as short
HTX SNXX-USDT	+0.1126%	8h	17.730	−0.248%	$10K	$7K	10x	as long as short
tradeXYZ xyz:SNXX	+0.1579%	1h	17.752	−0.124%	$148K	$1.2M	10x	as long as short
Bybit SNXXUSDT	+0.2479%	8h	17.760	−0.079%	$3.3M	$18.6M	50x	as long as short