Funding you earn now, next payment 08:00 UTC+0.0686%/8h= +75.1% APRnext payment +$6.86 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against OKX−0.287%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$1871.866% of the position
Funding, last 7 days−0.203%−$20 on $10k
+Price spread, last 4 days (all we have)+0.309%+$31 · spread now −0.287%, 7d avg +0.004%
=Funding pays, the price is against you. SunX is 0.291% cheaper against OKX than usual: you would sell low and buy high (spread −0.287% now, against its 7-day average of +0.004%). If the spread goes back, that is −$29 on $10k: about 34 hours of funding at the current rate (+$21 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 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 +$6.86 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 | 17.420 | −0.0686 | get 0.0686% / 8h | 1h 14m | $5.2M | $63.3M | 25x |
| Short | SunX SNXX-USDT | 17.370 | 0 | get 0.0000% / 8h | 1h 14m | — | $4.5M | 10x |
OKX SNXX-USDT-SWAP
SunX SNXX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $144.03
- Price spread: −0.287% → +0.004%
- −$29.07
- Slippage, 4 orders
- −$168.59
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$71.63
- Costs to cover
- 1.866%
- Break-even
- 10.5 days
Slippage from OKX: live order book, 4 min ago; SunX: 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 | 2.87 bp | 7.9 bp −$8 | 7.9 bp −$79 | 132.9 bp −$13.3K | doesn't fit |
| Sell SunX live order book, 4 min ago | 48.81 bp | 83.7 bp −$84 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SNXX-USDT | −0.1423% | 8h | 17.380 | −0.230% | $296K | $279K | 25x | as long as short |
| MEXC SNXX_USDT | −0.1420% | 8h | 17.370 | −0.287% | $9.3M | $7.7M | 50x | as long as short |
| Binance SNXXUSDT | −0.1419% | 8h | 17.377 | −0.248% | $31.4M | $474.5M | 25x | as long as short |
| Bybit SNXXUSDT | −0.1366% | 8h | 17.380 | −0.230% | $3.8M | $19.8M | 50x | as long as short |
| tradeXYZ xyz:SNXX | −0.1226% | 1h | 17.376 | −0.253% | $148K | $735K | 10x | as long as short |
| KuCoin SNXXUSDTM | −0.1092% | 8h | 17.380 | −0.230% | $206K | $249K | 20x | as long as short |
| Bitget SNXXUSDT | −0.1041% | 8h | 17.387 | −0.189% | $3.9M | $40.2M | 20x | as long as short |
| edgeX SNXXUSDC | −0.0913% | 4h | 17.398 | −0.127% | $53K | $404K | 10x | as long as short |
| Aster SNXXUSDT | −0.0838% | 8h | 17.367 | −0.303% | $52K | $490K | 20x | as long as short |
| HTX SNXX-USDT | −0.0712% | 8h | 17.380 | −0.230% | $9K | $5K | 10x | as long as short |
BloFin SNXX-USDT
MEXC SNXX_USDT
Binance SNXXUSDT
Bybit SNXXUSDT
tradeXYZ xyz:SNXX
KuCoin SNXXUSDTM
Bitget SNXXUSDT
edgeX SNXXUSDC
Aster SNXXUSDT
HTX SNXX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SNXX-USDT-SWAPlong | −0.0686% | 8h | 17.420 | long leg | $5.2M | $63.3M | 25x | |
| Orderly PERP_SNXX_USDC_mythos | −0.0468% | 8h | 17.400 | −0.115% | $1K | $2K | 10x | as long as short |
| Gate SNXX_USDT | −0.0158% | 8h | 17.383 | −0.212% | $4.6M | $19.2M | 50x | as long as short |
| SunX SNXX-USDTshort | 0.0000% | 8h | 17.370 | −0.287% | — | $4.5M | 10x | |
| Phemex SNXXUSDT | 0.0000% | 8h | 17.410 | −0.057% | $1.6M | $1.5M | 20x | as long as short |
Orderly PERP_SNXX_USDC_mythos
Gate SNXX_USDT
Phemex SNXXUSDT