Funding you earn now, next payment 04:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h +0.010%
Price spread now: tradeXYZ against KuCoin−0.006%7-day average +0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$248as in the Price arb table
costs, in and out, $10k−$2392.385% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 4 days (all we have)−0.216%−$22 · spread now −0.006%, 7d avg +0.091%
=Together, before fees−0.156%+ Points / potential airdroptradeXYZ: Active · farm board−$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.096% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.091%). If the spread goes back, that is −$10 on $10k: about 41 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.061% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.4% a year). A funding rate is set anew for every payment. 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 | 4h 32m | $212K | $295K | 20x |
| Short | tradeXYZ xyz:SNXX | 17.909 | 0.0287 | get 0.0036% / 1h | 32m 36s | $141K | $743K | 10x |
KuCoin SNXXUSDTM
tradeXYZ xyz:SNXXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $39.28
- Price spread: −0.006% → +0.091%
- −$9.61
- Slippage, 4 orders
- −$208.52
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$208.84
- Costs to cover
- 2.385%
- Break-even
- 44.2 days
Slippage from KuCoin: live order book, 49 min ago; tradeXYZ: live order book, 45 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, 49 min ago | 11.17 bp | 89.3 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 45 min ago | 2.51 bp | 20.0 bp −$20 | 33.7 bp −$337 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SNXXUSDC | −0.0801% | 4h | 17.912 | +0.010% | $55K | $404K | 10x | as long as short |
| Gate SNXX_USDT | 0.0000% | 8h | 17.916 | +0.034% | $4.3M | $17.9M | 50x | as long as short |
| SunX SNXX-USDT | 0.0000% | 8h | 17.910 | 0.000% | — | $4.7M | 10x | as long as short |
| HTX SNXX-USDT | 0.0000% | 8h | 17.910 | 0.000% | $10K | $4K | 10x | as long as short |
| Phemex SNXXUSDT | 0.0000% | 8h | 17.900 | −0.056% | $1.6M | $1.5M | 20x | as long as short |
| OKX SNXX-USDT-SWAP | +0.0071% | 8h | 17.910 | 0.000% | $5.1M | $61.7M | 25x | as long as short |
| KuCoin SNXXUSDTMlong | +0.0100% | 8h | 17.910 | long leg | $212K | $295K | 20x | |
| Orderly PERP_SNXX_USDC_mythos | +0.0100% | 8h | 17.920 | +0.056% | $1K | $2K | 10x | as long as short |
| Bybit SNXXUSDT | +0.0202% | 8h | 17.920 | +0.056% | $3.4M | $18.3M | 50x | as long as short |
| Bitget SNXXUSDT | +0.0266% | 8h | 17.912 | +0.011% | $4.0M | $40.6M | 20x | as long as short |
edgeX SNXXUSDC
Gate SNXX_USDT
SunX SNXX-USDT
HTX SNXX-USDT
Phemex SNXXUSDT
OKX SNXX-USDT-SWAP
Orderly PERP_SNXX_USDC_mythos
Bybit SNXXUSDT
Bitget SNXXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SNXXshort | +0.0287% | 1h | 17.909 | −0.006% | $141K | $743K | 10x | |
| Aster SNXXUSDT | +0.0461% | 8h | 17.909 | −0.006% | $53K | $573K | 20x | as long as short |
| Binance SNXXUSDT | +0.0474% | 8h | 17.910 | 0.000% | $32.7M | $462.6M | 25x | as long as short |
| MEXC SNXX_USDT | +0.0476% | 8h | 17.900 | −0.056% | $9.3M | $7.7M | 50x | as long as short |
| BloFin SNXX-USDT | +0.0494% | 8h | 17.900 | −0.056% | $285K | $286K | 25x | as long as short |
Aster SNXXUSDT
Binance SNXXUSDT
MEXC SNXX_USDT
BloFin SNXX-USDT