Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0345%/8h= −37.7% APRpaid last 24h −0.045%

Price spread now: edgeX against OKX+0.079%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$470.469% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.286%−$29 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.079%, 7d avg +0.025%

Together, before fees−0.315%+ Points / potential airdropedgeX: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.054% dearer against OKX than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.025%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.286% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNXX-USDT-SWAP	17.900	0.0085	pay 0.0085% / 8h	4h 39m	$5.1M	$61.6M	25x
Short	edgeX SNXXUSDC	17.914	−0.0260	pay 0.0130% / 4h	39m 17s	$55K	$402K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$72.39
Price spread: +0.079% → +0.025%: $5.39
Slippage, 4 orders: −$27.91
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$113.9
Costs to cover: 0.469%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; edgeX: live order book, 19 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 OKX live order book, 5 min ago	2.79 bp	7.8 bp −$8	17.5 bp −$175	207.4 bp −$20.7K	doesn't fit
Sell edgeX live order book, 19 min ago	11.16 bp	15.7 bp −$16	52.5 bp −$525	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 SNXXUSDCshort	−0.0260%	4h	17.914	+0.079%	$55K	$402K	10x
Gate SNXX_USDT	0.0000%	8h	17.921	+0.117%	$4.3M	$17.9M	50x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.910	+0.056%	—	$4.7M	10x	as long as short
HTX SNXX-USDT	0.0000%	8h	17.920	+0.112%	$10K	$4K	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.910	+0.056%	$1.6M	$1.5M	20x	as long as short
OKX SNXX-USDT-SWAPlong	+0.0085%	8h	17.900	long leg	$5.1M	$61.6M	25x
KuCoin SNXXUSDTM	+0.0100%	8h	17.910	+0.056%	$212K	$298K	20x	as long as short
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.920	+0.112%	$1K	$2K	10x	as long as short
Bybit SNXXUSDT	+0.0251%	8h	17.920	+0.112%	$3.4M	$18.3M	50x	as long as short
Bitget SNXXUSDT	+0.0276%	8h	17.913	+0.073%	$4.1M	$40.5M	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:SNXX	+0.0308%	1h	17.904	+0.022%	$141K	$743K	10x	as long as short
Aster SNXXUSDT	+0.0484%	8h	17.913	+0.070%	$53K	$573K	20x	as long as short
MEXC SNXX_USDT	+0.0489%	8h	17.910	+0.056%	$9.3M	$7.7M	50x	as long as short
Binance SNXXUSDT	+0.0490%	8h	17.910	+0.056%	$32.8M	$462.6M	25x	as long as short
BloFin SNXX-USDT	+0.0501%	8h	17.930	+0.168%	$287K	$287K	25x	as long as short