Funding you earn now, next payment 08:00 UTC+0.0607%/8h= +66.4% APRnext payment +$6.07 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against OKX−0.057%53s7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1581.576% of the position
Funding, last 7 days−0.203%−$20 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.057%, 7d avg +0.020%
=Funding pays, the price is against you. Phemex is 0.077% cheaper against OKX than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.020%). If the spread goes back, that is −$8 on $10k: about 10 hours of funding at the current rate (+$18 a day). Mind the row above: over the last 7 days funding on this pair cost −0.203%, so the current rate has only just turned in your favour. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.203% in total (about -10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.07 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 | OKX SNXX-USDT-SWAP | 17.450 | −0.0607 | get 0.0607% / 8h | 2h 04m | $5.3M | $63.0M | 25x |
| Short | Phemex SNXXUSDT | 17.440 | 0 | get 0.0000% / 8h | 2h 04m | $1.6M | $1.5M | 20x |
OKX SNXX-USDT-SWAP
Phemex SNXXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. 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
- $127.37
- Price spread: −0.057% → +0.020%
- −$7.7
- Slippage, 4 orders
- −$135.6
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$37.93
- Costs to cover
- 1.576%
- Break-even
- 9.1 days
Slippage from OKX: live order book, 4 min ago; Phemex: live order book, 4 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 | 2.86 bp | 7.9 bp −$8 | 15.2 bp −$152 | 139.3 bp −$13.9K | doesn't fit |
| Sell Phemex live order book, 4 min ago | 11.43 bp | 70.6 bp −$71 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SNXX | −0.2740% | 1h | 17.453 | +0.017% | $146K | $736K | 10x | as long as short |
| Bybit SNXXUSDT | −0.1721% | 8h | 17.460 | +0.057% | $3.8M | $19.7M | 50x | as long as short |
| MEXC SNXX_USDT | −0.1382% | 8h | 17.450 | 0.000% | $9.1M | $7.7M | 50x | as long as short |
| BloFin SNXX-USDT | −0.1382% | 8h | 17.470 | +0.115% | $289K | $280K | 25x | as long as short |
| Binance SNXXUSDT | −0.1370% | 8h | 17.458 | +0.044% | $31.4M | $474.4M | 25x | as long as short |
| KuCoin SNXXUSDTM | −0.1058% | 8h | 17.440 | −0.057% | $206K | $257K | 20x | as long as short |
| HTX SNXX-USDT | −0.1009% | 8h | 17.500 | +0.287% | $9K | $5K | 10x | as long as short |
| Bitget SNXXUSDT | −0.0944% | 8h | 17.453 | +0.017% | $3.9M | $40.2M | 20x | as long as short |
| Aster SNXXUSDT | −0.0735% | 8h | 17.427 | −0.133% | $52K | $490K | 20x | as long as short |
| OKX SNXX-USDT-SWAPlong | −0.0607% | 8h | 17.450 | long leg | $5.3M | $63.0M | 25x |
tradeXYZ xyz:SNXX
Bybit SNXXUSDT
MEXC SNXX_USDT
BloFin SNXX-USDT
Binance SNXXUSDT
KuCoin SNXXUSDTM
HTX SNXX-USDT
Bitget SNXXUSDT
Aster SNXXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SNXX_USDC_mythos | −0.0464% | 8h | 17.470 | +0.115% | $1K | $2K | 10x | as long as short |
| SunX SNXX-USDT | −0.0253% | 8h | 17.480 | +0.172% | — | $4.5M | 10x | as long as short |
| Gate SNXX_USDT | −0.0135% | 8h | 17.450 | 0.000% | $4.6M | $19.2M | 50x | as long as short |
| Phemex SNXXUSDTshort | 0.0000% | 8h | 17.440 | −0.057% | $1.6M | $1.5M | 20x | |
| edgeX SNXXUSDC | +0.0594% | 4h | 17.501 | +0.294% | $54K | $403K | 10x | as long as short |
Orderly PERP_SNXX_USDC_mythos
SunX SNXX-USDT
Gate SNXX_USDT
edgeX SNXXUSDC