Funding you earn now, next payment 05:00 UTC−0.2830%/8h= −309.9% APRpaid last 24h +0.042%
Price spread now: tradeXYZ against OKX+0.267%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days+0.187%+$19 on $10k
+Price spread, last 4 days (all we have)−0.364%−$36 · spread now +0.267%, 7d avg +0.067%
=Together, before fees−0.176%+ Points / potential airdroptradeXYZ: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.200% dearer against OKX than usual: you sell high and buy low (spread +0.267% now, against its 7-day average of +0.067%): +$20 on $10k if it goes back. Holding the pair costs −$85 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.187%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.187% in total (about 10.4% a year). A funding rate is set anew for every payment. 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 | 17.610 | 0 | get 0.0000% / 8h | 3h 39m | $4.8M | $62.5M | 25x |
| Short | tradeXYZ xyz:SNXX | 17.657 | −0.2830 | pay 0.0354% / 1h | 39m 06s | $137K | $748K | 10x |
OKX SNXX-USDT-SWAP
tradeXYZ xyz:SNXXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$594.33
- Price spread: +0.267% → +0.067%
- $20.04
- Slippage, 4 orders
- −$28.23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$630.53
- Costs to cover
- 0.562%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; tradeXYZ: live order book, 28 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 | 2.82 bp | 7.8 bp −$8 | 14.3 bp −$143 | 129.2 bp −$12.9K | doesn't fit |
| Sell tradeXYZ live order book, 28 min ago | 2.78 bp | 24.4 bp −$24 | 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:SNXXshort | −0.2830% | 1h | 17.657 | +0.267% | $137K | $748K | 10x | |
| Binance SNXXUSDT | 0.0000% | 8h | 17.623 | +0.075% | $30.4M | $466.1M | 25x | as long as short |
| Bybit SNXXUSDT | 0.0000% | 8h | 17.650 | +0.227% | $3.3M | $18.6M | 50x | as long as short |
| OKX SNXX-USDT-SWAPlong | 0.0000% | 8h | 17.610 | long leg | $4.8M | $62.5M | 25x | |
| Gate SNXX_USDT | 0.0000% | 8h | 17.624 | +0.080% | $4.2M | $18.0M | 50x | as long as short |
| MEXC SNXX_USDT | 0.0000% | 8h | 17.630 | +0.114% | $9.1M | $7.7M | 50x | as long as short |
| Bitget SNXXUSDT | 0.0000% | 8h | 17.615 | +0.028% | $3.9M | $40.3M | 20x | as long as short |
| SunX SNXX-USDT | 0.0000% | 8h | 17.630 | +0.114% | — | $4.7M | 10x | as long as short |
| HTX SNXX-USDT | 0.0000% | 8h | 17.660 | +0.284% | $10K | $4K | 10x | as long as short |
| Phemex SNXXUSDT | 0.0000% | 8h | 17.620 | +0.057% | $1.6M | $1.5M | 20x | as long as short |
Binance SNXXUSDT
Bybit SNXXUSDT
Gate SNXX_USDT
MEXC SNXX_USDT
Bitget SNXXUSDT
SunX SNXX-USDT
HTX SNXX-USDT
Phemex SNXXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SNXX-USDT | +0.0006% | 8h | 17.610 | 0.000% | $285K | $282K | 25x | as long as short |
| KuCoin SNXXUSDTM | +0.0100% | 8h | 17.730 | +0.681% | $210K | $287K | 20x | as long as short |
| Orderly PERP_SNXX_USDC_mythos | +0.0100% | 8h | 17.700 | +0.511% | $1K | $2K | 10x | as long as short |
| Aster SNXXUSDT | +0.0261% | 8h | 17.761 | +0.855% | $52K | $573K | 20x | as long as short |
| edgeX SNXXUSDC | +0.0952% | 4h | 17.697 | +0.494% | $55K | $403K | 10x | as long as short |
BloFin SNXX-USDT
KuCoin SNXXUSDTM
Orderly PERP_SNXX_USDC_mythos
Aster SNXXUSDT
edgeX SNXXUSDC