Funding you earn now, next payment 16:00 UTC−0.1023%/8h= −112.1% APRnext payment −$10.23 per $10,000 · paid last 24h −0.096%
Price spread now: Binance against Phemex+0.041%7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1371.372% of the position
Funding, last 7 days+0.434%+$43 on $10k
+Price spread, last 4 days (all we have)+0.461%+$46 · spread now +0.041%, 7d avg −0.037%
=The price spread pays, funding is against you. Binance is 0.078% dearer against Phemex than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.037%): +$8 on $10k if it goes back. Holding the pair costs −$31 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 +0.434%, 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 0.434% in total (about 22.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.23 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 | Phemex SNXXUSDT | 17.240 | 0 | get 0.0000% / 8h | 7h 43m | $1.5M | $1.5M | 20x |
| Short | Binance SNXXUSDT | 17.247 | −0.1023 | pay 0.1023% / 8h | 7h 43m | $31.4M | $468.8M | 25x |
Phemex SNXXUSDT
Binance SNXXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- −$214.91
- Price spread: +0.041% → −0.037%
- $7.79
- Slippage, 4 orders
- −$115.19
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$344.31
- Costs to cover
- 1.372%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Binance: live order book, 16 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 Phemex live order book, 5 min ago | 8.68 bp | 57.2 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 2.88 bp | 7.9 bp −$8 | 13.6 bp −$136 | 45.6 bp −$4,564 | 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 | −0.1052% | 8h | 17.240 | 0.000% | $291K | $276K | 25x | as long as short |
| MEXC SNXX_USDT | −0.1031% | 8h | 17.250 | +0.058% | $13.5M | $8.6M | 50x | as long as short |
| Binance SNXXUSDTshort | −0.1023% | 8h | 17.247 | +0.041% | $31.4M | $468.8M | 25x | |
| Bitget SNXXUSDT | −0.0940% | 8h | 17.247 | +0.041% | $3.9M | $40.0M | 20x | as long as short |
| KuCoin SNXXUSDTM | −0.0804% | 8h | 17.240 | 0.000% | $205K | $277K | 20x | as long as short |
| Aster SNXXUSDT | −0.0639% | 8h | 17.265 | +0.143% | $49K | $493K | 20x | as long as short |
| Orderly PERP_SNXX_USDC_mythos | −0.0544% | 8h | 17.260 | +0.116% | $1K | $2K | 10x | as long as short |
| OKX SNXX-USDT-SWAP | −0.0413% | 8h | 17.250 | +0.058% | $5.0M | $62.3M | 25x | as long as short |
| Gate SNXX_USDT | −0.0181% | 8h | 17.239 | −0.006% | $4.5M | $18.5M | 50x | as long as short |
| Bybit SNXXUSDT | 0.0000% | 8h | 17.240 | 0.000% | $3.9M | $19.9M | 50x | as long as short |
BloFin SNXX-USDT
MEXC SNXX_USDT
Bitget SNXXUSDT
KuCoin SNXXUSDTM
Aster SNXXUSDT
Orderly PERP_SNXX_USDC_mythos
OKX SNXX-USDT-SWAP
Gate SNXX_USDT
Bybit SNXXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SNXX-USDT | 0.0000% | 8h | 17.240 | 0.000% | — | $4.3M | 10x | as long as short |
| HTX SNXX-USDT | 0.0000% | 8h | 17.210 | −0.174% | $9K | $4K | 20x | as long as short |
| Phemex SNXXUSDTlong | 0.0000% | 8h | 17.240 | long leg | $1.5M | $1.5M | 20x | |
| tradeXYZ xyz:SNXX | +0.0053% | 1h | 17.241 | +0.006% | $147K | $716K | 10x | as long as short |
| edgeX SNXXUSDC | +0.0245% | 4h | 17.283 | +0.251% | $53K | $403K | 10x | as long as short |
SunX SNXX-USDT
HTX SNXX-USDT
tradeXYZ xyz:SNXX
edgeX SNXXUSDC