Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0760%/8h= −83.3% APRpaid last 24h −0.049%

Price spread now: edgeX against BloFin−0.088%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.598%−$60 on $10k

Price spread, last 4 days (all we have)+0.252%+$25 · spread now −0.088%, 7d avg −0.017%

Together, before fees−0.346%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and edgeX is 0.071% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SNXX-USDT	17.930	0.0501	pay 0.0501% / 8h	4h 39m	$287K	$287K	25x
Short	edgeX SNXXUSDC	17.914	−0.0260	pay 0.0130% / 4h	39m 15s	$55K	$402K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$159.69
Price spread: −0.088% → −0.017%: −$7.09
Slippage, 4 orders: −$27.92
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$215.7
Costs to cover: 0.489%
Break-even: never at this rate

Slippage from BloFin: live order book, 60 min ago; edgeX: live order book, 19 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, 60 min ago	2.80 bp	8.8 bp −$9	12.2 bp −$122	24.6 bp −$2,464	74.4 bp −$37.2K
Sell edgeX live order book, 19 min ago	11.16 bp	15.7 bp −$16	52.5 bp −$525	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 SNXXUSDCshort	−0.0260%	4h	17.914	−0.088%	$55K	$402K	10x
Gate SNXX_USDT	0.0000%	8h	17.921	−0.050%	$4.3M	$17.9M	50x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.910	−0.112%	—	$4.7M	10x	as long as short
HTX SNXX-USDT	0.0000%	8h	17.920	−0.056%	$10K	$4K	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.910	−0.112%	$1.6M	$1.5M	20x	as long as short
OKX SNXX-USDT-SWAP	+0.0085%	8h	17.900	−0.167%	$5.1M	$61.6M	25x	as long as short
KuCoin SNXXUSDTM	+0.0100%	8h	17.910	−0.112%	$212K	$298K	20x	as long as short
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.920	−0.056%	$1K	$2K	10x	as long as short
Bybit SNXXUSDT	+0.0251%	8h	17.920	−0.056%	$3.4M	$18.3M	50x	as long as short
Bitget SNXXUSDT	+0.0276%	8h	17.913	−0.095%	$4.1M	$40.5M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:SNXX	+0.0308%	1h	17.904	−0.145%	$141K	$743K	10x	as long as short
Aster SNXXUSDT	+0.0484%	8h	17.913	−0.097%	$53K	$573K	20x	as long as short
MEXC SNXX_USDT	+0.0489%	8h	17.910	−0.112%	$9.3M	$7.7M	50x	as long as short
Binance SNXXUSDT	+0.0490%	8h	17.910	−0.112%	$32.8M	$462.6M	25x	as long as short
BloFin SNXX-USDTlong	+0.0501%	8h	17.930	long leg	$287K	$287K	25x