Funding you earn now, next payment 08:00 UTC−0.1002%/8h= −109.7% APRnext payment −$10.02 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Phemex0.000%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1101.097% of the position
Funding, last 7 days+0.528%+$53 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now 0.000%, 7d avg −0.031%
=The price spread pays, funding is against you. MEXC is 0.031% dearer against Phemex than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.031%): +$3 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +0.528%, 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 0.528% in total (about 27.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.02 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 | 17.390 | 0 | get 0.0000% / 8h | 2m 58s | $1.6M | $1.5M | 20x |
| Short | MEXC SNXX_USDT | 17.390 | −0.1002 | pay 0.1002% / 8h | 2m 58s | $9.3M | $7.7M | 50x |
Phemex SNXXUSDT
MEXC SNXX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$210.42
- Price spread: 0.000% → −0.031%
- $3.1
- Slippage, 4 orders
- −$97.73
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$317.04
- Costs to cover
- 1.097%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; MEXC: live order book, 5 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 | 8.64 bp | 57.2 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 2.88 bp | 2.9 bp −$3 | 2.9 bp −$29 | 10.9 bp −$1,093 | 65.9 bp −$33.0K |
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 | −0.1009% | 8h | 17.380 | −0.058% | $291K | $279K | 25x | as long as short |
| MEXC SNXX_USDTshort | −0.1002% | 8h | 17.390 | 0.000% | $9.3M | $7.7M | 50x | |
| Binance SNXXUSDT | −0.0993% | 8h | 17.398 | +0.043% | $31.5M | $471.9M | 25x | as long as short |
| Bitget SNXXUSDT | −0.0896% | 8h | 17.395 | +0.029% | $4.0M | $40.3M | 20x | as long as short |
| KuCoin SNXXUSDTM | −0.0842% | 8h | 17.370 | −0.115% | $206K | $272K | 20x | as long as short |
| Bybit SNXXUSDT | −0.0782% | 8h | 17.390 | 0.000% | $3.8M | $19.8M | 50x | as long as short |
| Aster SNXXUSDT | −0.0587% | 8h | 17.380 | −0.058% | $49K | $493K | 20x | as long as short |
| Orderly PERP_SNXX_USDC_mythos | −0.0468% | 8h | 17.390 | 0.000% | $1K | $2K | 10x | as long as short |
| OKX SNXX-USDT-SWAP | −0.0423% | 8h | 17.390 | 0.000% | $5.2M | $63.3M | 25x | as long as short |
| HTX SNXX-USDT | −0.0237% | 8h | 17.400 | +0.058% | $9K | $4K | 20x | as long as short |
BloFin SNXX-USDT
Binance SNXXUSDT
Bitget SNXXUSDT
KuCoin SNXXUSDTM
Bybit SNXXUSDT
Aster SNXXUSDT
Orderly PERP_SNXX_USDC_mythos
OKX SNXX-USDT-SWAP
HTX SNXX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNXX_USDT | −0.0087% | 8h | 17.383 | −0.040% | $4.6M | $19.1M | 50x | as long as short |
| tradeXYZ xyz:SNXX | −0.0054% | 1h | 17.375 | −0.086% | $148K | $727K | 10x | as long as short |
| SunX SNXX-USDT | 0.0000% | 8h | 17.400 | +0.058% | — | $4.5M | 10x | as long as short |
| Phemex SNXXUSDTlong | 0.0000% | 8h | 17.390 | long leg | $1.6M | $1.5M | 20x | |
| edgeX SNXXUSDC | +0.0312% | 4h | 17.372 | −0.104% | $53K | $402K | 10x | as long as short |
Gate SNXX_USDT
tradeXYZ xyz:SNXX
SunX SNXX-USDT
edgeX SNXXUSDC