Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0206%/8h= −22.5% APRpaid last 24h +0.049%

Price spread now: Aster against edgeX+0.037%50s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as 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−$570.572% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.448%+$45 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now +0.037%, 7d avg −0.002%

Together, before fees+0.539%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board+$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.039% dearer against edgeX than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.002%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 7 days funding on this pair paid +0.448%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNXXUSDC	17.264	−0.0437	get 0.0219% / 4h	3h 46m	$53K	$403K	10x
Short	Aster SNXXUSDT	17.270	−0.0643	pay 0.0643% / 8h	7h 46m	$49K	$493K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$43.24
Price spread: +0.037% → −0.002%: $3.91
Slippage, 4 orders: −$40.25
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$96.58
Costs to cover: 0.572%
Break-even: never at this rate

Slippage from edgeX: live order book, 52 min ago; Aster: live order book, 51 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 edgeX live order book, 52 min ago	11.50 bp	16.0 bp −$16	60.7 bp −$607	doesn't fit	doesn't fit
Sell Aster live order book, 51 min ago	8.62 bp	12.6 bp −$13	17.4 bp −$174	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
Binance SNXXUSDT	−0.1034%	8h	17.240	−0.138%	$31.5M	$469.0M	25x	as long as short
MEXC SNXX_USDT	−0.1032%	8h	17.240	−0.138%	$13.5M	$8.6M	50x	as long as short
BloFin SNXX-USDT	−0.1020%	8h	17.230	−0.196%	$290K	$276K	25x	as long as short
Bitget SNXXUSDT	−0.0958%	8h	17.233	−0.179%	$3.9M	$39.9M	20x	as long as short
KuCoin SNXXUSDTM	−0.0819%	8h	17.220	−0.254%	$204K	$276K	20x	as long as short
Aster SNXXUSDTshort	−0.0643%	8h	17.270	+0.037%	$49K	$493K	20x
Gate SNXX_USDT	−0.0566%	8h	17.222	−0.243%	$4.5M	$18.4M	50x	as long as short
Orderly PERP_SNXX_USDC_mythos	−0.0500%	8h	17.240	−0.138%	$1K	$2K	10x	as long as short
edgeX SNXXUSDClong	−0.0437%	4h	17.264	long leg	$53K	$403K	10x
OKX SNXX-USDT-SWAP	−0.0427%	8h	17.240	−0.138%	$5.0M	$62.2M	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SNXX-USDT	−0.0171%	8h	17.210	−0.312%	$9K	$4K	20x	as long as short
Bybit SNXXUSDT	0.0000%	8h	17.230	−0.196%	$3.9M	$19.9M	50x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.230	−0.196%	—	$4.3M	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.240	−0.138%	$1.5M	$1.5M	20x	as long as short
tradeXYZ xyz:SNXX	+0.0050%	1h	17.222	−0.243%	$147K	$727K	10x	as long as short