Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h +0.040%

Price spread now: tradeXYZ against MEXC−0.022%7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on MEXC Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 4 days (all we have)−0.260%−$26 · spread now −0.022%, 7d avg +0.074%

Together, before fees−0.402%+ Points / potential airdroptradeXYZ: Active · farm board−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and tradeXYZ is 0.096% cheaper against MEXC than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.074%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SNXX_USDT	17.910	0.0481	pay 0.0481% / 8h	4h 33m	$9.3M	$7.7M	50x
Short	tradeXYZ xyz:SNXX	17.906	0.0281	get 0.0035% / 1h	33m 58s	$141K	$743K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against MEXC. 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 MEXCbpFee tradeXYZbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$41.96
Price spread: −0.022% → +0.074%: −$9.64
Slippage, 4 orders: −$36.97
Fee MEXC: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$106.57
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; tradeXYZ: live order book, 43 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 MEXC live order book, 4 min ago	5.58 bp	5.6 bp −$6	8.1 bp −$81	12.0 bp −$1,205	45.0 bp −$22.5K
Sell tradeXYZ live order book, 43 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	−0.0644%	4h	17.909	−0.005%	$55K	$404K	10x	as long as short
Gate SNXX_USDT	0.0000%	8h	17.923	+0.073%	$4.3M	$17.9M	50x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.900	−0.056%	—	$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	17.910	0.000%	$1.6M	$1.5M	20x	as long as short
OKX SNXX-USDT-SWAP	+0.0075%	8h	17.910	0.000%	$5.1M	$61.7M	25x	as long as short
KuCoin SNXXUSDTM	+0.0100%	8h	17.910	0.000%	$212K	$295K	20x	as long as short
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.920	+0.056%	$1K	$2K	10x	as long as short
Bybit SNXXUSDT	+0.0216%	8h	17.920	+0.056%	$3.4M	$18.3M	50x	as long as short
Bitget SNXXUSDT	+0.0270%	8h	17.915	+0.028%	$4.0M	$40.6M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:SNXXshort	+0.0281%	1h	17.906	−0.022%	$141K	$743K	10x
Aster SNXXUSDT	+0.0469%	8h	17.909	−0.005%	$53K	$573K	20x	as long as short
BloFin SNXX-USDT	+0.0472%	8h	17.920	+0.056%	$285K	$287K	25x	as long as short
Binance SNXXUSDT	+0.0479%	8h	17.912	+0.011%	$32.8M	$462.6M	25x	as long as short
MEXC SNXX_USDTlong	+0.0481%	8h	17.910	long leg	$9.3M	$7.7M	50x