Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Gate−0.079%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1481.481% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.079%, 7d avg +0.028%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.107% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNXX_USDT	17.754	0	get 0.0000% / 8h	3h 49m	$4.3M	$17.8M	50x
Short	Phemex SNXXUSDT	17.740	0	get 0.0000% / 8h	3h 49m	$1.6M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → +0.028%: −$10.68
Slippage, 4 orders: −$121.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$158.73
Costs to cover: 1.481%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Phemex: live order book, 4 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	2.80 bp	17.1 bp −$17	36.0 bp −$360	51.2 bp −$5,121	114.8 bp −$57.4K
Sell Phemex live order book, 4 min ago	5.61 bp	66.2 bp −$66	doesn't fit	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
tradeXYZ xyz:SNXX	−0.1859%	1h	17.788	+0.192%	$140K	$742K	10x	as long as short
edgeX SNXXUSDC	−0.0768%	4h	17.823	+0.391%	$55K	$403K	10x	as long as short
Bybit SNXXUSDT	0.0000%	8h	17.760	+0.034%	$3.3M	$18.5M	50x	as long as short
OKX SNXX-USDT-SWAP	0.0000%	8h	17.730	−0.135%	$5.1M	$61.2M	25x	as long as short
Gate SNXX_USDTlong	0.0000%	8h	17.754	long leg	$4.3M	$17.8M	50x
SunX SNXX-USDT	0.0000%	8h	17.740	−0.079%	—	$4.7M	10x	as long as short
HTX SNXX-USDT	0.0000%	8h	17.780	+0.146%	$10K	$4K	10x	as long as short
Phemex SNXXUSDTshort	0.0000%	8h	17.740	−0.079%	$1.6M	$1.5M	20x
Bitget SNXXUSDT	+0.0043%	8h	17.736	−0.101%	$3.9M	$40.3M	20x	as long as short
KuCoin SNXXUSDTM	+0.0100%	8h	17.830	+0.428%	$211K	$286K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.790	+0.203%	$1K	$2K	10x	as long as short
Binance SNXXUSDT	+0.0209%	8h	17.741	−0.071%	$30.8M	$463.9M	25x	as long as short
BloFin SNXX-USDT	+0.0234%	8h	17.740	−0.079%	$285K	$284K	25x	as long as short
MEXC SNXX_USDT	+0.0239%	8h	17.760	+0.034%	$9.2M	$7.7M	50x	as long as short
Aster SNXXUSDT	+0.0349%	8h	17.832	+0.439%	$53K	$573K	20x	as long as short