Settings8H · net · $10k
Funding arb · Price arb /

SNXX

RWAall SNXX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0709%/8h= +77.6% APRpaid last 24h −0.113%
Price spread now: edgeX against SunX−0.114%46s7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2242.237% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.156%−$16 on $10k
Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.114%, 7d avg +0.027%
Together, before fees+0.091%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.141% cheaper against SunX than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of +0.027%). If the spread goes back, that is −$14 on $10k: about 16 hours of funding at the current rate (+$21 a day). Mind the row above: over the last 7 days funding on this pair cost −0.156%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.156% in total (about -8.1% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SNXX-USDT17.7600get 0.0000% / 8h3h 47m$4.7M10x
ShortedgeX SNXXUSDC17.7400.0709get 0.0354% / 4h3h 47m$55K$404K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against SunX. 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

Funding earned
$148.86
Price spread: −0.114% → +0.027%
−$14.08
Slippage, 4 orders
−$206.66
Fee SunX: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$88.88
Costs to cover
2.237%
Break-even
11.2 days
Slippage from SunX: live order book, 11 min ago; edgeX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 11 min ago47.55 bp81.2 bp −$81doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 6 min ago16.83 bp24.8 bp −$2568.7 bp −$687doesn't fitdoesn't fit

SNXX on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:SNXX−0.2008%1h17.791+0.175%$140K$743K10xas long as short
Bybit SNXXUSDT0.0000%8h17.780+0.113%$3.3M$18.5M50xas long as short
OKX SNXX-USDT-SWAP0.0000%8h17.770+0.056%$5.1M$61.4M25xas long as short
Gate SNXX_USDT0.0000%8h17.785+0.141%$4.3M$17.9M50xas long as short
Bitget SNXXUSDT0.0000%8h17.779+0.107%$3.9M$40.3M20xas long as short
SunX SNXX-USDTlong0.0000%8h17.760long leg$4.7M10x
HTX SNXX-USDT0.0000%8h17.780+0.113%$10K$4K10xas long as short
Phemex SNXXUSDT0.0000%8h17.780+0.113%$1.6M$1.5M20xas long as short
KuCoin SNXXUSDTM+0.0100%8h17.810+0.282%$210K$286K20xas long as short
Orderly PERP_SNXX_USDC_mythos+0.0100%8h17.770+0.056%$1K$2K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SNXXUSDT+0.0142%8h17.775+0.085%$30.9M$464.3M25xas long as short
MEXC SNXX_USDT+0.0157%8h17.790+0.169%$9.2M$7.7M50xas long as short
BloFin SNXX-USDT+0.0234%8h17.740−0.113%$285K$284K25xas long as short
Aster SNXXUSDT+0.0336%8h17.819+0.333%$53K$573K20xas long as short
edgeX SNXXUSDCshort+0.0709%4h17.740−0.114%$55K$404K10x