Funding you earn now, next payment 08:00 UTC+0.0480%/8h= +52.6% APRnext payment +$4.80 per $10,000 · paid last 24h −0.030%
Price spread now: MEXC against KuCoin−0.056%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1881.882% of the position
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.056%, 7d avg +0.020%
=Funding pays, the price is against you. MEXC is 0.076% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.020%). If the spread goes back, that is −$8 on $10k: about 13 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.202% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.202% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.80 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 | KuCoin SNXXUSDTM | 17.910 | 0.0100 | pay 0.0100% / 8h | 7h 22m | $212K | $304K | 20x |
| Short | MEXC SNXX_USDT | 17.900 | 0.0580 | get 0.0580% / 8h | 7h 22m | $7.7M | $7.5M | 50x |
KuCoin SNXXUSDTM
MEXC SNXX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. 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
- $100.8
- Price spread: −0.056% → +0.020%
- −$7.56
- Slippage, 4 orders
- −$176.17
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$94.92
- Costs to cover
- 1.882%
- Break-even
- 13.6 days
Slippage from KuCoin: live order book, 28 min ago; MEXC: live order book, 5 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 KuCoin live order book, 28 min ago | 16.86 bp | 80.1 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 5.58 bp | 20.0 bp −$20 | 39.0 bp −$390 | 48.3 bp −$4,834 | 100.6 bp −$50.3K |
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 SNXXUSDC | −0.0498% | 4h | 17.957 | +0.262% | $55K | $404K | 10x | as long as short |
| Phemex SNXXUSDT | 0.0000% | 8h | 17.930 | +0.112% | $1.6M | $1.5M | 20x | as long as short |
| KuCoin SNXXUSDTMlong | +0.0100% | 8h | 17.910 | long leg | $212K | $304K | 20x | |
| Orderly PERP_SNXX_USDC_mythos | +0.0100% | 8h | 17.930 | +0.112% | $1K | $2K | 10x | as long as short |
| OKX SNXX-USDT-SWAP | +0.0167% | 8h | 17.960 | +0.279% | $5.2M | $62.1M | 25x | as long as short |
| Bitget SNXXUSDT | +0.0387% | 8h | 17.949 | +0.218% | $4.1M | $41.4M | 20x | as long as short |
| Aster SNXXUSDT | +0.0448% | 8h | 17.897 | −0.075% | $53K | $573K | 20x | as long as short |
| MEXC SNXX_USDTshort | +0.0580% | 8h | 17.900 | −0.056% | $7.7M | $7.5M | 50x | |
| Gate SNXX_USDT | +0.0583% | 8h | 17.941 | +0.173% | $4.4M | $17.9M | 50x | as long as short |
| Binance SNXXUSDT | +0.0610% | 8h | 17.939 | +0.163% | $33.6M | $468.7M | 25x | as long as short |
edgeX SNXXUSDC
Phemex SNXXUSDT
Orderly PERP_SNXX_USDC_mythos
OKX SNXX-USDT-SWAP
Bitget SNXXUSDT
Aster SNXXUSDT
Gate SNXX_USDT
Binance SNXXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SNXX-USDT | +0.0612% | 8h | 17.910 | 0.000% | $283K | $284K | 25x | as long as short |
| SunX SNXX-USDT | +0.0773% | 8h | 17.920 | +0.056% | — | $4.9M | 10x | as long as short |
| tradeXYZ xyz:SNXX | +0.3352% | 1h | 17.947 | +0.207% | $148K | $907K | 10x | as long as short |
| HTX SNXX-USDT | +0.3420% | 8h | 17.910 | 0.000% | $10K | $5K | 10x | as long as short |
| Bybit SNXXUSDT | +0.4736% | 8h | 17.940 | +0.168% | $3.3M | $18.4M | 50x | as long as short |
BloFin SNXX-USDT
SunX SNXX-USDT
tradeXYZ xyz:SNXX
HTX SNXX-USDT
Bybit SNXXUSDT