Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0691%/8h= −75.7% APRpaid last 24h +0.009%

Price spread now: tradeXYZ against Bybit−0.011%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$680.685% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now −0.011%, 7d avg +0.056%

Together, before fees−0.125%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and tradeXYZ is 0.067% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.056%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.9% a year). A funding rate is set anew for every payment. 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	17.530	−0.1421	get 0.1421% / 8h	2h 45m	$3.6M	$19.1M	50x
Short	tradeXYZ xyz:SNXX	17.528	−0.2112	pay 0.0264% / 1h	45m 46s	$143K	$752K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$145.1
Price spread: −0.011% → +0.056%: −$6.74
Slippage, 4 orders: −$39.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$220.33
Costs to cover: 0.685%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; tradeXYZ: live order book, 12 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	2.85 bp	12.6 bp −$13	25.7 bp −$257	1588.5 bp −$158.8K	doesn't fit
Sell tradeXYZ live order book, 12 min ago	1.14 bp	15.8 bp −$16	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
tradeXYZ xyz:SNXXshort	−0.2112%	1h	17.528	−0.011%	$143K	$752K	10x
Bybit SNXXUSDTlong	−0.1421%	8h	17.530	long leg	$3.6M	$19.1M	50x
HTX SNXX-USDT	−0.0863%	8h	17.510	−0.114%	$9K	$5K	10x	as long as short
Binance SNXXUSDT	−0.0767%	8h	17.520	−0.057%	$30.9M	$474.9M	25x	as long as short
BloFin SNXX-USDT	−0.0750%	8h	17.480	−0.285%	$279K	$280K	25x	as long as short
MEXC SNXX_USDT	−0.0742%	8h	17.510	−0.114%	$9.1M	$7.7M	50x	as long as short
KuCoin SNXXUSDTM	−0.0594%	8h	17.520	−0.057%	$207K	$266K	20x	as long as short
edgeX SNXXUSDC	−0.0501%	4h	17.550	+0.114%	$54K	$404K	10x	as long as short
Bitget SNXXUSDT	−0.0489%	8h	17.507	−0.131%	$3.9M	$40.2M	20x	as long as short
Orderly PERP_SNXX_USDC_mythos	−0.0260%	8h	17.550	+0.114%	$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
OKX SNXX-USDT-SWAP	−0.0219%	8h	17.520	−0.057%	$5.1M	$63.1M	25x	as long as short
Aster SNXXUSDT	−0.0113%	8h	17.530	0.000%	$52K	$490K	20x	as long as short
SunX SNXX-USDT	−0.0085%	8h	17.490	−0.228%	—	$4.6M	10x	as long as short
Gate SNXX_USDT	0.0000%	8h	17.508	−0.125%	$4.2M	$18.4M	50x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.500	−0.171%	$1.6M	$1.5M	20x	as long as short