Funding you earn now, next payment 08:00 UTC−0.1348%/8h= −147.6% APRnext payment −$13.48 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Gate+0.104%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$550.553% of the position
Funding, last 7 days+0.489%+$49 on $10k
+Price spread, last 7 days−0.104%−$10 · spread now +0.104%, 7d avg +0.044%
=The price spread pays, funding is against you. Binance is 0.060% dearer against Gate than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.044%): +$6 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.489%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.489% in total (about 25.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.48 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 | Gate SNXX_USDT | 17.302 | −0.0191 | get 0.0191% / 8h | 1h 31m | $4.5M | $19.1M | 50x |
| Short | Binance SNXXUSDT | 17.320 | −0.1539 | pay 0.1539% / 8h | 1h 31m | $31.2M | $474.8M | 25x |
Gate SNXX_USDT
Binance SNXXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$283.01
- Price spread: +0.104% → +0.044%
- $6
- Slippage, 4 orders
- −$30.33
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$332.35
- Costs to cover
- 0.553%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Binance: 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 Gate live order book, 2 min ago | 4.62 bp | 25.8 bp −$26 | 36.4 bp −$364 | 52.3 bp −$5,231 | 119.4 bp −$59.7K |
| Sell Binance live order book, 12 min ago | 2.88 bp | 7.9 bp −$8 | 12.6 bp −$126 | 44.6 bp −$4,459 | 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:SNXX | −0.1895% | 1h | 17.335 | +0.191% | $145K | $733K | 10x | as long as short |
| Bybit SNXXUSDT | −0.1604% | 8h | 17.320 | +0.104% | $3.8M | $19.7M | 50x | as long as short |
| Binance SNXXUSDTshort | −0.1539% | 8h | 17.320 | +0.104% | $31.2M | $474.8M | 25x | |
| MEXC SNXX_USDT | −0.1532% | 8h | 17.320 | +0.104% | $9.3M | $7.7M | 50x | as long as short |
| BloFin SNXX-USDT | −0.1508% | 8h | 17.350 | +0.277% | $294K | $278K | 25x | as long as short |
| KuCoin SNXXUSDTM | −0.1166% | 8h | 17.320 | +0.104% | $205K | $251K | 20x | as long as short |
| Bitget SNXXUSDT | −0.1135% | 8h | 17.328 | +0.150% | $3.9M | $40.2M | 20x | as long as short |
| Aster SNXXUSDT | −0.0909% | 8h | 17.321 | +0.108% | $52K | $490K | 20x | as long as short |
| HTX SNXX-USDT | −0.0901% | 8h | 17.310 | +0.046% | $9K | $5K | 10x | as long as short |
| OKX SNXX-USDT-SWAP | −0.0759% | 8h | 17.320 | +0.104% | $5.3M | $62.9M | 25x | as long as short |
tradeXYZ xyz:SNXX
Bybit SNXXUSDT
MEXC SNXX_USDT
BloFin SNXX-USDT
KuCoin SNXXUSDTM
Bitget SNXXUSDT
Aster SNXXUSDT
HTX SNXX-USDT
OKX SNXX-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SNXX_USDC_mythos | −0.0468% | 8h | 17.320 | +0.104% | $1K | $2K | 10x | as long as short |
| Gate SNXX_USDTlong | −0.0191% | 8h | 17.302 | long leg | $4.5M | $19.1M | 50x | |
| SunX SNXX-USDT | −0.0049% | 8h | 17.310 | +0.046% | — | $4.5M | 10x | as long as short |
| Phemex SNXXUSDT | 0.0000% | 8h | 17.310 | +0.046% | $1.6M | $1.5M | 20x | as long as short |
| edgeX SNXXUSDC | +0.0478% | 4h | 17.314 | +0.071% | $53K | $403K | 10x | as long as short |
Orderly PERP_SNXX_USDC_mythos
SunX SNXX-USDT
Phemex SNXXUSDT
edgeX SNXXUSDC