Funding you earn now, next payment 08:00 UTC+0.0362%/8h= +39.7% APRnext payment +$3.62 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Bybit+0.168%52s7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as 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−$430.427% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.168%, 7d avg +0.041%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BloFin is 0.127% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.041%. The two prices were read 52 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 0.161% in total (about 8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.62 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 | 17.880 | 0.0075 | pay 0.0075% / 8h | 5h 30m | $3.3M | $18.3M | 50x |
| Short | BloFin SNXX-USDT | 17.910 | 0.0438 | get 0.0438% / 8h | 5h 30m | $287K | $286K | 25x |
Bybit SNXXUSDT
BloFin SNXX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $76.1
- Price spread: +0.168% → +0.041%
- $12.71
- Slippage, 4 orders
- −$19.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $46.07
- Costs to cover
- 0.427%
- Break-even
- 2.8 days
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 9 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, 3 min ago | 5.59 bp | 13.2 bp −$13 | 25.2 bp −$252 | 1879.0 bp −$187.9K | doesn't fit |
| Sell BloFin live order book, 9 min ago | 2.80 bp | 8.8 bp −$9 | 18.1 bp −$181 | 35.9 bp −$3,588 | 87.3 bp −$43.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate SNXX_USDT | 0.0000% | 8h | 17.877 | −0.017% | $4.3M | $17.8M | 50x | as long as short |
| SunX SNXX-USDT | 0.0000% | 8h | 17.870 | −0.056% | — | $4.7M | 10x | as long as short |
| HTX SNXX-USDT | 0.0000% | 8h | 17.880 | 0.000% | $10K | $4K | 10x | as long as short |
| Phemex SNXXUSDT | 0.0000% | 8h | 17.870 | −0.056% | $1.6M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:SNXX | +0.0050% | 1h | 17.866 | −0.078% | $141K | $781K | 10x | as long as short |
| OKX SNXX-USDT-SWAP | +0.0066% | 8h | 17.880 | 0.000% | $5.1M | $61.4M | 25x | as long as short |
| Bybit SNXXUSDTlong | +0.0075% | 8h | 17.880 | long leg | $3.3M | $18.3M | 50x | |
| KuCoin SNXXUSDTM | +0.0100% | 8h | 17.870 | −0.056% | $212K | $304K | 20x | as long as short |
| Orderly PERP_SNXX_USDC_mythos | +0.0100% | 8h | 17.890 | +0.056% | $1K | $2K | 10x | as long as short |
| Bitget SNXXUSDT | +0.0204% | 8h | 17.873 | −0.039% | $4.0M | $40.5M | 20x | as long as short |
Gate SNXX_USDT
SunX SNXX-USDT
HTX SNXX-USDT
Phemex SNXXUSDT
tradeXYZ xyz:SNXX
OKX SNXX-USDT-SWAP
KuCoin SNXXUSDTM
Orderly PERP_SNXX_USDC_mythos
Bitget SNXXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX SNXXUSDC | +0.0272% | 4h | 17.892 | +0.066% | $55K | $405K | 10x | as long as short |
| MEXC SNXX_USDT | +0.0436% | 8h | 17.870 | −0.056% | $9.3M | $7.7M | 50x | as long as short |
| BloFin SNXX-USDTshort | +0.0438% | 8h | 17.910 | +0.168% | $287K | $286K | 25x | |
| Binance SNXXUSDT | +0.0442% | 8h | 17.880 | 0.000% | $32.4M | $462.2M | 25x | as long as short |
| Aster SNXXUSDT | +0.0476% | 8h | 17.874 | −0.034% | $53K | $573K | 20x | as long as short |
edgeX SNXXUSDC
MEXC SNXX_USDT
Binance SNXXUSDT
Aster SNXXUSDT