Funding you earn now, next payment 08:00 UTC−0.0234%/8h= −25.6% APRnext payment −$2.34 per $10,000 · paid last 24h −0.004%
Price spread now: Bybit against BloFin+0.169%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$460.457% of the position
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.169%, 7d avg −0.039%
=The price spread pays, funding is against you. Bybit is 0.208% dearer against BloFin than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of −0.039%): +$21 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.161% in total) that is about 9.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.161% in total (about -8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.34 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 | BloFin SNXX-USDT | 17.740 | 0.0234 | pay 0.0234% / 8h | 3h 48m | $285K | $284K | 25x |
| Short | Bybit SNXXUSDT | 17.770 | 0 | get 0.0000% / 8h | 3h 48m | $3.3M | $18.5M | 50x |
BloFin SNXX-USDT
Bybit SNXXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$49.14
- Price spread: +0.169% → −0.039%
- $20.83
- Slippage, 4 orders
- −$22.67
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$73.98
- Costs to cover
- 0.457%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 46 min ago; Bybit: 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 BloFin live order book, 46 min ago | 2.79 bp | 8.8 bp −$9 | 8.8 bp −$88 | 19.1 bp −$1,911 | 71.4 bp −$35.7K |
| Sell Bybit live order book, 5 min ago | 2.80 bp | 16.2 bp −$16 | 29.6 bp −$296 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SNXX | −0.1924% | 1h | 17.781 | +0.231% | $140K | $742K | 10x | as long as short |
| edgeX SNXXUSDC | −0.0768% | 4h | 17.823 | +0.470% | $55K | $403K | 10x | as long as short |
| Bybit SNXXUSDTshort | 0.0000% | 8h | 17.770 | +0.169% | $3.3M | $18.5M | 50x | |
| OKX SNXX-USDT-SWAP | 0.0000% | 8h | 17.760 | +0.113% | $5.1M | $61.3M | 25x | as long as short |
| Gate SNXX_USDT | 0.0000% | 8h | 17.749 | +0.051% | $4.3M | $17.8M | 50x | as long as short |
| SunX SNXX-USDT | 0.0000% | 8h | 17.740 | 0.000% | — | $4.7M | 10x | as long as short |
| HTX SNXX-USDT | 0.0000% | 8h | 17.780 | +0.225% | $10K | $4K | 10x | as long as short |
| Phemex SNXXUSDT | 0.0000% | 8h | 17.740 | 0.000% | $1.6M | $1.5M | 20x | as long as short |
| Bitget SNXXUSDT | +0.0013% | 8h | 17.766 | +0.147% | $3.9M | $40.3M | 20x | as long as short |
| KuCoin SNXXUSDTM | +0.0100% | 8h | 17.820 | +0.451% | $211K | $286K | 20x | as long as short |
tradeXYZ xyz:SNXX
edgeX SNXXUSDC
OKX SNXX-USDT-SWAP
Gate SNXX_USDT
SunX SNXX-USDT
HTX SNXX-USDT
Phemex SNXXUSDT
Bitget SNXXUSDT
KuCoin SNXXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SNXX_USDC_mythos | +0.0100% | 8h | 17.790 | +0.282% | $1K | $2K | 10x | as long as short |
| Binance SNXXUSDT | +0.0157% | 8h | 17.770 | +0.169% | $30.9M | $464.1M | 25x | as long as short |
| MEXC SNXX_USDT | +0.0209% | 8h | 17.750 | +0.056% | $9.2M | $7.7M | 50x | as long as short |
| BloFin SNXX-USDTlong | +0.0234% | 8h | 17.740 | long leg | $285K | $284K | 25x | |
| Aster SNXXUSDT | +0.0345% | 8h | 17.826 | +0.484% | $53K | $573K | 20x | as long as short |
Orderly PERP_SNXX_USDC_mythos
Binance SNXXUSDT
MEXC SNXX_USDT
Aster SNXXUSDT