Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0260%/8h= −28.4% APRpaid last 24h −0.045%

Price spread now: edgeX against Phemex+0.024%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1571.568% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now +0.024%, 7d avg +0.012%

Together, before fees+0.086%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% 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	Phemex SNXXUSDT	17.910	0	get 0.0000% / 8h	4h 38m	$1.6M	$1.5M	20x
Short	edgeX SNXXUSDC	17.914	−0.0260	pay 0.0130% / 4h	38m 40s	$55K	$402K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$54.51
Price spread: +0.024% → +0.012%: $1.18
Slippage, 4 orders: −$135.81
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$210.15
Costs to cover: 1.568%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; edgeX: live order book, 20 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, 4 min ago	5.58 bp	63.0 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 20 min ago	11.16 bp	15.7 bp −$16	52.5 bp −$525	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
edgeX SNXXUSDCshort	−0.0260%	4h	17.914	+0.024%	$55K	$402K	10x
Gate SNXX_USDT	0.0000%	8h	17.917	+0.039%	$4.3M	$17.9M	50x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.910	0.000%	—	$4.7M	10x	as long as short
HTX SNXX-USDT	0.0000%	8h	17.920	+0.056%	$10K	$4K	10x	as long as short
Phemex SNXXUSDTlong	0.0000%	8h	17.910	long leg	$1.6M	$1.5M	20x
OKX SNXX-USDT-SWAP	+0.0085%	8h	17.900	−0.056%	$5.1M	$61.6M	25x	as long as short
KuCoin SNXXUSDTM	+0.0100%	8h	17.910	0.000%	$212K	$298K	20x	as long as short
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.920	+0.056%	$1K	$2K	10x	as long as short
Bybit SNXXUSDT	+0.0243%	8h	17.920	+0.056%	$3.4M	$18.3M	50x	as long as short
Bitget SNXXUSDT	+0.0275%	8h	17.914	+0.022%	$4.1M	$40.5M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:SNXX	+0.0304%	1h	17.905	−0.028%	$141K	$743K	10x	as long as short
Aster SNXXUSDT	+0.0484%	8h	17.912	+0.013%	$53K	$573K	20x	as long as short
Binance SNXXUSDT	+0.0489%	8h	17.915	+0.028%	$32.8M	$462.6M	25x	as long as short
MEXC SNXX_USDT	+0.0490%	8h	17.910	0.000%	$9.3M	$7.7M	50x	as long as short
BloFin SNXX-USDT	+0.0501%	8h	17.930	+0.112%	$287K	$287K	25x	as long as short