Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.067%

Price spread now: MEXC against OKX−0.056%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.326%+$33 on $10k

Price spread, last 7 days+0.117%+$12 · spread now −0.056%, 7d avg −0.001%

Together, before fees+0.442%+$44 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.056% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNXX-USDT-SWAP	17.720	0	get 0.0000% / 8h	39m 19s	$5.2M	$62.4M	25x
Short	MEXC SNXX_USDT	17.710	0	get 0.0000% / 8h	39m 19s	$7.6M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.001%: −$5.59
Slippage, 4 orders: −$21.76
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$37.34
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 3 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, 4 min ago	2.82 bp	12.6 bp −$13	20.5 bp −$205	342.4 bp −$34.2K	doesn't fit
Sell MEXC live order book, 3 min ago	5.65 bp	5.6 bp −$6	8.2 bp −$82	16.1 bp −$1,615	65.9 bp −$33.0K

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	−0.0654%	4h	17.710	−0.057%	$55K	$403K	10x	as long as short
Aster SNXXUSDT	0.0000%	8h	17.707	−0.075%	$52K	$573K	20x	as long as short
Binance SNXXUSDT	0.0000%	8h	17.716	−0.022%	$32.7M	$481.7M	25x	as long as short
Bybit SNXXUSDT	0.0000%	8h	17.720	0.000%	$3.3M	$18.6M	50x	as long as short
OKX SNXX-USDT-SWAPlong	0.0000%	8h	17.720	long leg	$5.2M	$62.4M	25x
Gate SNXX_USDT	0.0000%	8h	17.717	−0.017%	$4.2M	$18.0M	50x	as long as short
MEXC SNXX_USDTshort	0.0000%	8h	17.710	−0.056%	$7.6M	$7.5M	50x
Bitget SNXXUSDT	0.0000%	8h	17.722	+0.011%	$4.2M	$42.1M	20x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.710	−0.056%	—	$5.2M	10x	as long as short
HTX SNXX-USDT	0.0000%	8h	17.720	0.000%	$10K	$10K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SNXXUSDT	0.0000%	8h	17.720	0.000%	$1.6M	$1.5M	20x	as long as short
BloFin SNXX-USDT	+0.0022%	8h	17.720	0.000%	$286K	$283K	25x	as long as short
tradeXYZ xyz:SNXX	+0.0050%	1h	17.720	0.000%	$159K	$1.4M	10x	as long as short
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.720	0.000%	$1K	$2K	10x	as long as short
KuCoin SNXXUSDTM	+0.0100%	8h	17.700	−0.113%	$209K	$313K	20x	as long as short