Funding you earn now, next payment 16:00 UTC−0.0768%/8h= −84.1% APRnext payment −$7.68 per $10,000 · paid last 24h −0.087%
Price spread now: BloFin against Gate+0.215%78s7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as 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−$570.570% of the position
Funding, last 7 days+0.387%+$39 on $10k
+Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.215%, 7d avg +0.052%
=The price spread pays, funding is against you. BloFin is 0.162% dearer against Gate than usual: you sell high and buy low (spread +0.215% now, against its 7-day average of +0.052%): +$16 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.387%, so the current rate has only just turned against you. The two prices were read 78 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 0.387% in total (about 20.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.68 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 | 17.243 | −0.0248 | get 0.0248% / 8h | 7h 43m | $4.5M | $18.5M | 50x |
| Short | BloFin SNXX-USDT | 17.280 | −0.1016 | pay 0.1016% / 8h | 7h 43m | $292K | $277K | 25x |
Gate SNXX_USDT
BloFin SNXX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$161.29
- Price spread: +0.215% → +0.052%
- $16.24
- Slippage, 4 orders
- −$30
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$202.05
- Costs to cover
- 0.570%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 31 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, 5 min ago | 5.22 bp | 15.3 bp −$15 | 36.8 bp −$368 | 56.2 bp −$5,622 | doesn't fit |
| Sell BloFin live order book, 31 min ago | 5.75 bp | 11.8 bp −$12 | 16.4 bp −$164 | 37.7 bp −$3,771 | 104.2 bp −$52.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC SNXX_USDT | −0.1034% | 8h | 17.250 | +0.041% | $13.5M | $8.6M | 50x | as long as short |
| Binance SNXXUSDT | −0.1031% | 8h | 17.251 | +0.046% | $31.4M | $468.6M | 25x | as long as short |
| BloFin SNXX-USDTshort | −0.1016% | 8h | 17.280 | +0.215% | $292K | $277K | 25x | |
| Bitget SNXXUSDT | −0.0942% | 8h | 17.244 | +0.006% | $3.9M | $40.0M | 20x | as long as short |
| KuCoin SNXXUSDTM | −0.0807% | 8h | 17.250 | +0.041% | $205K | $277K | 20x | as long as short |
| Aster SNXXUSDT | −0.0643% | 8h | 17.267 | +0.138% | $49K | $493K | 20x | as long as short |
| Orderly PERP_SNXX_USDC_mythos | −0.0538% | 8h | 17.260 | +0.099% | $1K | $2K | 10x | as long as short |
| edgeX SNXXUSDC | −0.0437% | 4h | 17.264 | +0.121% | $53K | $403K | 10x | as long as short |
| OKX SNXX-USDT-SWAP | −0.0415% | 8h | 17.240 | −0.017% | $5.0M | $62.3M | 25x | as long as short |
| Gate SNXX_USDTlong | −0.0248% | 8h | 17.243 | long leg | $4.5M | $18.5M | 50x |
MEXC SNXX_USDT
Binance SNXXUSDT
Bitget SNXXUSDT
KuCoin SNXXUSDTM
Aster SNXXUSDT
Orderly PERP_SNXX_USDC_mythos
edgeX SNXXUSDC
OKX SNXX-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SNXXUSDT | 0.0000% | 8h | 17.250 | +0.041% | $3.9M | $19.9M | 50x | as long as short |
| SunX SNXX-USDT | 0.0000% | 8h | 17.260 | +0.099% | — | $4.3M | 10x | as long as short |
| HTX SNXX-USDT | 0.0000% | 8h | 17.210 | −0.191% | $9K | $4K | 20x | as long as short |
| Phemex SNXXUSDT | 0.0000% | 8h | 17.260 | +0.099% | $1.5M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:SNXX | +0.0050% | 1h | 17.259 | +0.093% | $147K | $716K | 10x | as long as short |
Bybit SNXXUSDT
SunX SNXX-USDT
HTX SNXX-USDT
Phemex SNXXUSDT
tradeXYZ xyz:SNXX