Settings8H · net · $10k
Funding arb · Price arb /

SNXX

RWAall SNXX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0151%/8h= +16.5% APRnext payment +$1.51 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against KuCoin+0.056%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costs−$221as in the Price arb table
costs, in and out, $10k−$2242.235% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.056%, 7d avg +0.035%
Together, before fees−0.027%−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.021% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SNXXUSDTM17.9100.0100pay 0.0100% / 8h4h 39m$212K$298K20x
ShortBybit SNXXUSDT17.9200.0251get 0.0251% / 8h4h 39m$3.4M$18.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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

Funding earned
$31.65
Price spread: +0.056% → +0.035%
$2.13
Slippage, 4 orders
−$200.53
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$189.76
Costs to cover
2.235%
Break-even
49.0 days
Slippage from KuCoin: live order book, 42 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 42 min ago11.17 bp89.3 bp −$89doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.79 bp12.6 bp −$1322.9 bp −$229doesn't fitdoesn't fit

SNXX on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SNXXUSDC−0.0260%4h17.914+0.024%$55K$402K10xas long as short
Gate SNXX_USDT0.0000%8h17.921+0.061%$4.3M$17.9M50xas long as short
SunX SNXX-USDT0.0000%8h17.9100.000%$4.7M10xas long as short
HTX SNXX-USDT0.0000%8h17.920+0.056%$10K$4K10xas long as short
Phemex SNXXUSDT0.0000%8h17.9100.000%$1.6M$1.5M20xas long as short
OKX SNXX-USDT-SWAP+0.0085%8h17.900−0.056%$5.1M$61.6M25xas long as short
KuCoin SNXXUSDTMlong+0.0100%8h17.910long leg$212K$298K20x
Orderly PERP_SNXX_USDC_mythos+0.0100%8h17.920+0.056%$1K$2K10xas long as short
Bybit SNXXUSDTshort+0.0251%8h17.920+0.056%$3.4M$18.3M50x
Bitget SNXXUSDT+0.0276%8h17.913+0.017%$4.1M$40.5M20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:SNXX+0.0308%1h17.904−0.034%$141K$743K10xas long as short
Aster SNXXUSDT+0.0484%8h17.913+0.014%$53K$573K20xas long as short
MEXC SNXX_USDT+0.0489%8h17.9100.000%$9.3M$7.7M50xas long as short
Binance SNXXUSDT+0.0490%8h17.9100.000%$32.8M$462.6M25xas long as short
BloFin SNXX-USDT+0.0501%8h17.930+0.112%$287K$287K25xas long as short