Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.026%

Price spread now: Binance against edgeX+0.260%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.496%+$50 on $10k

Price spread, last 2 days (all we have)−0.236%−$24 · spread now +0.260%, 7d avg −0.021%

Together, before fees+0.259%+ Points / potential airdropedgeX: Active · farm board+$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.281% dearer against edgeX than usual: you sell high and buy low (spread +0.260% now, against its 7-day average of −0.021%): +$28 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.496%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNXXUSDC	17.715	0.0236	pay 0.0118% / 4h	3h 53m	$55K	$403K	10x
Short	Binance SNXXUSDT	17.761	0	get 0.0000% / 8h	7h 53m	$33.2M	$474.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.260%Rate

Funding earned: −$49.56
Price spread: +0.260% → −0.021%: $28.12
Slippage, 4 orders: −$28.32
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$68.77
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from edgeX: live order book, 20 min ago; Binance: live order book, 6 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, 20 min ago	11.33 bp	15.8 bp −$16	61.9 bp −$619	doesn't fit	doesn't fit
Sell Binance live order book, 6 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	17.711	−0.021%	$52K	$573K	20x	as long as short
Binance SNXXUSDTshort	0.0000%	8h	17.761	+0.260%	$33.2M	$474.6M	25x
OKX SNXX-USDT-SWAP	0.0000%	8h	17.790	+0.426%	$5.1M	$62.1M	25x	as long as short
MEXC SNXX_USDT	0.0000%	8h	17.740	+0.144%	$7.6M	$7.5M	50x	as long as short
Bitget SNXXUSDT	0.0000%	8h	17.768	+0.302%	$4.2M	$41.6M	20x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.770	+0.313%	—	$5.0M	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.770	+0.313%	$1.6M	$1.5M	20x	as long as short
Gate SNXX_USDT	+0.0007%	8h	17.766	+0.290%	$4.2M	$17.6M	50x	as long as short
BloFin SNXX-USDT	+0.0026%	8h	17.780	+0.369%	$281K	$283K	25x	as long as short
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.740	+0.144%	$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	−0.082%	$209K	$310K	20x	as long as short
edgeX SNXXUSDClong	+0.0236%	4h	17.715	long leg	$55K	$403K	10x
HTX SNXX-USDT	+0.1126%	8h	17.730	+0.087%	$10K	$7K	10x	as long as short
tradeXYZ xyz:SNXX	+0.1515%	1h	17.748	+0.189%	$148K	$1.2M	10x	as long as short
Bybit SNXXUSDT	+0.2479%	8h	17.760	+0.256%	$3.3M	$18.6M	50x	as long as short