Funding you earn now, next payment 12:00 UTC+0.0687%/8h= +75.2% APRpaid last 24h +0.031%
Price spread now: Bybit against edgeX+0.009%111s7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as 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−$590.593% of the position
Funding, last 7 days+0.432%+$43 on $10k
+Price spread, last 4 days (all we have)+0.035%+$4 · spread now +0.009%, 7d avg −0.019%
=Together, before fees+0.467%+ Points / potential airdropedgeX: Active · farm board+$47 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Bybit is 0.028% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.019%. The two prices were read 111 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 0.432% in total (about 22.5% 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 | edgeX SNXXUSDC | 17.308 | −0.0687 | get 0.0344% / 4h | 2h 57m | $53K | $403K | 10x |
| Short | Bybit SNXXUSDT | 17.310 | 0 | get 0.0000% / 8h | 6h 57m | $3.9M | $20.2M | 50x |
edgeX SNXXUSDC
Bybit SNXXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against edgeX. 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
- $144.27
- Price spread: +0.009% → −0.019%
- $2.79
- Slippage, 4 orders
- −$39.33
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $87.73
- Costs to cover
- 0.593%
- Break-even
- 2.7 days
Slippage from edgeX: live order book, 36 min ago; Bybit: live order book, 1 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, 36 min ago | 11.70 bp | 16.2 bp −$16 | 45.3 bp −$453 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.89 bp | 12.8 bp −$13 | 29.8 bp −$298 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SNXXUSDClong | −0.0687% | 4h | 17.308 | long leg | $53K | $403K | 10x | |
| Bitget SNXXUSDT | −0.0665% | 8h | 17.304 | −0.026% | $3.9M | $39.7M | 20x | as long as short |
| Orderly PERP_SNXX_USDC_mythos | −0.0625% | 8h | 17.310 | +0.009% | $1K | $2K | 10x | as long as short |
| MEXC SNXX_USDT | −0.0613% | 8h | 17.300 | −0.049% | $13.2M | $8.4M | 50x | as long as short |
| BloFin SNXX-USDT | −0.0601% | 8h | 17.310 | +0.009% | $237K | $277K | 25x | as long as short |
| Binance SNXXUSDT | −0.0597% | 8h | 17.320 | +0.067% | $30.9M | $469.7M | 25x | as long as short |
| KuCoin SNXXUSDTM | −0.0502% | 8h | 17.300 | −0.049% | $205K | $327K | 20x | as long as short |
| Aster SNXXUSDT | −0.0321% | 8h | 17.320 | +0.067% | $49K | $498K | 20x | as long as short |
| OKX SNXX-USDT-SWAP | −0.0195% | 8h | 17.300 | −0.049% | $5.2M | $62.8M | 25x | as long as short |
| Bybit SNXXUSDTshort | 0.0000% | 8h | 17.310 | +0.009% | $3.9M | $20.2M | 50x |
Bitget SNXXUSDT
Orderly PERP_SNXX_USDC_mythos
MEXC SNXX_USDT
BloFin SNXX-USDT
Binance SNXXUSDT
KuCoin SNXXUSDTM
Aster SNXXUSDT
OKX SNXX-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNXX_USDT | 0.0000% | 8h | 17.296 | −0.072% | $4.5M | $18.4M | 50x | as long as short |
| SunX SNXX-USDT | 0.0000% | 8h | 17.320 | +0.067% | — | $4.1M | 10x | as long as short |
| Phemex SNXXUSDT | 0.0000% | 8h | 17.310 | +0.009% | $1.5M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:SNXX | +0.0050% | 1h | 17.294 | −0.083% | $149K | $717K | 10x | as long as short |
| HTX SNXX-USDT | +0.0130% | 8h | 17.340 | +0.182% | $9K | $4K | 20x | as long as short |
Gate SNXX_USDT
SunX SNXX-USDT
Phemex SNXXUSDT
tradeXYZ xyz:SNXX
HTX SNXX-USDT