Funding you earn now, next payment 08:00 UTC+0.1423%/8h= +155.8% APRnext payment +$14.23 per $10,000 · paid last 24h −0.004%
Price spread now: Phemex against BloFin+0.173%59s7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1451.451% of the position
Funding, last 7 days−0.516%−$52 on $10k
+Price spread, last 4 days (all we have)−0.239%−$24 · spread now +0.173%, 7d avg −0.029%
=Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and Phemex is 0.202% dearer against BloFin than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.516%, so the current rate has only just turned in your favour. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.516% in total (about -26.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.23 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 | 17.380 | −0.1423 | get 0.1423% / 8h | 1h 14m | $296K | $279K | 25x |
| Short | Phemex SNXXUSDT | 17.410 | 0 | get 0.0000% / 8h | 1h 14m | $1.6M | $1.5M | 20x |
BloFin SNXX-USDT
Phemex SNXXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $298.87
- Price spread: +0.173% → −0.029%
- $20.18
- Slippage, 4 orders
- −$121.11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $173.94
- Costs to cover
- 1.451%
- Break-even
- 2.9 days
Slippage from BloFin: live order book, 5 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 BloFin live order book, 5 min ago | 8.62 bp | 14.6 bp −$15 | 21.3 bp −$213 | 32.7 bp −$3,272 | 118.0 bp −$59.0K |
| Sell Phemex live order book, 4 min ago | 8.62 bp | 54.8 bp −$55 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SNXX-USDTlong | −0.1423% | 8h | 17.380 | long leg | $296K | $279K | 25x | |
| MEXC SNXX_USDT | −0.1420% | 8h | 17.370 | −0.058% | $9.3M | $7.7M | 50x | as long as short |
| Binance SNXXUSDT | −0.1419% | 8h | 17.377 | −0.018% | $31.4M | $474.5M | 25x | as long as short |
| Bybit SNXXUSDT | −0.1366% | 8h | 17.380 | 0.000% | $3.8M | $19.8M | 50x | as long as short |
| tradeXYZ xyz:SNXX | −0.1226% | 1h | 17.376 | −0.023% | $148K | $735K | 10x | as long as short |
| KuCoin SNXXUSDTM | −0.1092% | 8h | 17.380 | 0.000% | $206K | $249K | 20x | as long as short |
| Bitget SNXXUSDT | −0.1041% | 8h | 17.387 | +0.040% | $3.9M | $40.2M | 20x | as long as short |
| edgeX SNXXUSDC | −0.0913% | 4h | 17.398 | +0.103% | $53K | $404K | 10x | as long as short |
| Aster SNXXUSDT | −0.0838% | 8h | 17.367 | −0.073% | $52K | $490K | 20x | as long as short |
| HTX SNXX-USDT | −0.0712% | 8h | 17.380 | 0.000% | $9K | $5K | 10x | as long as short |
MEXC SNXX_USDT
Binance SNXXUSDT
Bybit SNXXUSDT
tradeXYZ xyz:SNXX
KuCoin SNXXUSDTM
Bitget SNXXUSDT
edgeX SNXXUSDC
Aster SNXXUSDT
HTX SNXX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SNXX-USDT-SWAP | −0.0686% | 8h | 17.420 | +0.230% | $5.2M | $63.3M | 25x | as long as short |
| Orderly PERP_SNXX_USDC_mythos | −0.0468% | 8h | 17.400 | +0.115% | $1K | $2K | 10x | as long as short |
| Gate SNXX_USDT | −0.0158% | 8h | 17.383 | +0.017% | $4.6M | $19.2M | 50x | as long as short |
| SunX SNXX-USDT | 0.0000% | 8h | 17.370 | −0.058% | — | $4.5M | 10x | as long as short |
| Phemex SNXXUSDTshort | 0.0000% | 8h | 17.410 | +0.173% | $1.6M | $1.5M | 20x |
OKX SNXX-USDT-SWAP
Orderly PERP_SNXX_USDC_mythos
Gate SNXX_USDT
SunX SNXX-USDT