Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Phemex+0.058%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$264as in the Price arb table

costs, in and out, $10k−$2712.714% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.058%, 7d avg −0.015%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.072% dearer against Phemex than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNXXUSDT	17.380	0	get 0.0000% / 8h	4m 39s	$1.6M	$1.5M	20x
Short	SunX SNXX-USDT	17.390	0	get 0.0000% / 8h	4m 39s	—	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → −0.015%: $7.24
Slippage, 4 orders: −$251.36
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$264.12
Costs to cover: 2.714%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 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 Phemex live order book, 3 min ago	8.64 bp	57.2 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	48.92 bp	84.0 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
MEXC SNXX_USDT	−0.1011%	8h	17.380	0.000%	$9.3M	$7.7M	50x	as long as short
Binance SNXXUSDT	−0.1002%	8h	17.380	0.000%	$31.5M	$472.1M	25x	as long as short
BloFin SNXX-USDT	−0.0991%	8h	17.400	+0.115%	$291K	$279K	25x	as long as short
Bitget SNXXUSDT	−0.0906%	8h	17.383	+0.017%	$4.0M	$40.3M	20x	as long as short
KuCoin SNXXUSDTM	−0.0851%	8h	17.370	−0.058%	$206K	$269K	20x	as long as short
Bybit SNXXUSDT	−0.0792%	8h	17.380	0.000%	$3.8M	$19.8M	50x	as long as short
Aster SNXXUSDT	−0.0594%	8h	17.379	−0.006%	$49K	$493K	20x	as long as short
Orderly PERP_SNXX_USDC_mythos	−0.0468%	8h	17.390	+0.058%	$1K	$2K	10x	as long as short
OKX SNXX-USDT-SWAP	−0.0431%	8h	17.390	+0.058%	$5.2M	$63.2M	25x	as long as short
HTX SNXX-USDT	−0.0248%	8h	17.380	0.000%	$9K	$4K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNXX_USDT	−0.0092%	8h	17.372	−0.046%	$4.6M	$19.1M	50x	as long as short
tradeXYZ xyz:SNXX	−0.0083%	1h	17.364	−0.092%	$147K	$727K	10x	as long as short
SunX SNXX-USDTshort	0.0000%	8h	17.390	+0.058%	—	$4.5M	10x
Phemex SNXXUSDTlong	0.0000%	8h	17.380	long leg	$1.6M	$1.5M	20x
edgeX SNXXUSDC	+0.0312%	4h	17.372	−0.046%	$53K	$402K	10x	as long as short