SNXX

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0942%/8h= +103.1% APRnext payment +$9.42 per $10,000 · paid last 24h +0.088%

Price spread now: Phemex against Bitget+0.023%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1441.439% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$22 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.023%, 7d avg +0.012%

Together, before fees−0.293%−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$28 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.225%, 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 -0.225% in total (about -11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.42 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	Bitget SNXXUSDT	17.276	−0.0942	get 0.0942% / 8h	7h 44m	$3.9M	$40.0M	20x
Short	Phemex SNXXUSDT	17.280	0	get 0.0000% / 8h	7h 44m	$1.5M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.023%Rate

Funding earned: $197.82
Price spread: +0.023% → +0.012%: $1.09
Slippage, 4 orders: −$119.89
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: $55.02
Costs to cover: 1.439%
Break-even: 5.1 days

Slippage from Bitget: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago	1.45 bp	10.1 bp −$10	29.2 bp −$292	49.4 bp −$4,943	79.1 bp −$39.6K
Sell Phemex live order book, 4 min ago	8.68 bp	64.2 bp −$64	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
MEXC SNXX_USDT	−0.1034%	8h	17.280	+0.023%	$13.5M	$8.6M	50x	as long as short
Binance SNXXUSDT	−0.1031%	8h	17.280	+0.023%	$31.5M	$468.5M	25x	as long as short
BloFin SNXX-USDT	−0.1016%	8h	17.280	+0.023%	$292K	$277K	25x	as long as short
Bitget SNXXUSDTlong	−0.0942%	8h	17.276	long leg	$3.9M	$40.0M	20x
KuCoin SNXXUSDTM	−0.0807%	8h	17.270	−0.035%	$205K	$277K	20x	as long as short
Aster SNXXUSDT	−0.0643%	8h	17.268	−0.047%	$49K	$493K	20x	as long as short
Orderly PERP_SNXX_USDC_mythos	−0.0528%	8h	17.260	−0.093%	$1K	$2K	10x	as long as short
edgeX SNXXUSDC	−0.0437%	4h	17.264	−0.070%	$53K	$403K	10x	as long as short
OKX SNXX-USDT-SWAP	−0.0418%	8h	17.270	−0.035%	$5.0M	$62.4M	25x	as long as short
Gate SNXX_USDT	−0.0248%	8h	17.271	−0.029%	$4.5M	$18.4M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SNXXUSDT	0.0000%	8h	17.280	+0.023%	$3.9M	$19.9M	50x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.290	+0.081%	—	$4.3M	10x	as long as short
HTX SNXX-USDT	0.0000%	8h	17.210	−0.382%	$9K	$4K	20x	as long as short
Phemex SNXXUSDTshort	0.0000%	8h	17.280	+0.023%	$1.5M	$1.5M	20x
tradeXYZ xyz:SNXX	+0.0050%	1h	17.268	−0.046%	$147K	$716K	10x	as long as short