SNXX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.2479%/8h= −271.4% APRnext payment −$24.79 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit−0.016%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$17 on $10k

Price spread, last 2 days (all we have)+0.026%+$3 · spread now −0.016%, 7d avg −0.003%

Together, before fees+0.201%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$74 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.175%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.175% in total (about 9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$24.79 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	Bybit SNXXUSDT	17.760	0.2479	pay 0.2479% / 8h	7h 53m	$3.3M	$18.6M	50x
Short	Binance SNXXUSDT	17.757	0	get 0.0000% / 8h	7h 53m	$33.2M	$474.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.016%Rate

Funding earned: −$520.49
Price spread: −0.016% → −0.003%: −$1.27
Slippage, 4 orders: −$21.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$564.28
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: 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 Bybit live order book, 5 min ago	2.83 bp	17.2 bp −$17	33.9 bp −$339	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.83 bp	7.8 bp −$8	11.4 bp −$114	50.5 bp −$5,049	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
Aster SNXXUSDT	0.0000%	8h	17.706	−0.304%	$52K	$573K	20x	as long as short
Binance SNXXUSDTshort	0.0000%	8h	17.757	−0.016%	$33.2M	$474.9M	25x
OKX SNXX-USDT-SWAP	0.0000%	8h	17.760	0.000%	$5.1M	$62.0M	25x	as long as short
Gate SNXX_USDT	0.0000%	8h	17.754	−0.034%	$4.2M	$17.6M	50x	as long as short
MEXC SNXX_USDT	0.0000%	8h	17.740	−0.113%	$7.6M	$7.5M	50x	as long as short
Bitget SNXXUSDT	0.0000%	8h	17.759	−0.006%	$4.2M	$41.6M	20x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.740	−0.113%	—	$5.0M	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.750	−0.056%	$1.6M	$1.5M	20x	as long as short
BloFin SNXX-USDT	+0.0009%	8h	17.740	−0.113%	$282K	$282K	25x	as long as short
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.730	−0.169%	$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	−0.338%	$209K	$310K	20x	as long as short
edgeX SNXXUSDC	+0.0236%	4h	17.715	−0.256%	$55K	$403K	10x	as long as short
HTX SNXX-USDT	+0.0854%	8h	17.730	−0.169%	$10K	$7K	10x	as long as short
tradeXYZ xyz:SNXX	+0.1460%	1h	17.744	−0.090%	$148K	$1.2M	10x	as long as short
Bybit SNXXUSDTlong	+0.2479%	8h	17.760	long leg	$3.3M	$18.6M	50x