Funding arb · Price arb /

SNXX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.3637%/8h= +398.3% APRpaid last 24h −0.042%

Price spread now: Aster against tradeXYZ+0.349%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$401as in the Funding arb table

Net, price: spread back to 7d avg − costs−$358as in the Price arb table

costs, in and out, $10k−$3973.974% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.349%, 7d avg −0.047%

Together, before fees−0.315%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$109 a day on $10k at the current rate, and Aster is 0.397% dearer against tradeXYZ than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of −0.047%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -2.1% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SNXX	17.568	−0.3637	get 0.0455% / 1h	13m 33s	$137K	$744K	10x
Short	Aster SNXXUSDT	17.629	0	get 0.0000% / 8h	3h 13m	$52K	$573K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.349%Rate

Funding earned: $763.81
Price spread: +0.349% → −0.047%: $39.65
Slippage, 4 orders: −$371.44
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: $406.01
Costs to cover: 3.974%
Break-even: 3.3 days

Slippage from tradeXYZ: live order book, 54 min ago; Aster: live order book, 39 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 tradeXYZ live order book, 54 min ago	2.78 bp	16.2 bp −$16	35.1 bp −$351	doesn't fit	doesn't fit
Sell Aster live order book, 39 min ago	11.24 bp	15.2 bp −$15	15.2 bp −$152	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
tradeXYZ xyz:SNXXlong	−0.3637%	1h	17.568	long leg	$137K	$744K	10x
Bybit SNXXUSDT	−0.0791%	8h	17.580	+0.068%	$3.3M	$18.7M	50x	as long as short
HTX SNXX-USDT	−0.0262%	8h	17.600	+0.182%	$10K	$4K	10x	as long as short
KuCoin SNXXUSDTM	−0.0110%	8h	17.580	+0.068%	$208K	$275K	20x	as long as short
Orderly PERP_SNXX_USDC_mythos	−0.0046%	8h	17.580	+0.068%	$1K	$2K	10x	as long as short
Binance SNXXUSDT	−0.0008%	8h	17.579	+0.060%	$31.3M	$470.3M	25x	as long as short
Aster SNXXUSDTshort	0.0000%	8h	17.629	+0.349%	$52K	$573K	20x
OKX SNXX-USDT-SWAP	0.0000%	8h	17.570	+0.011%	$4.9M	$63.0M	25x	as long as short
Gate SNXX_USDT	0.0000%	8h	17.587	+0.108%	$4.2M	$18.2M	50x	as long as short
MEXC SNXX_USDT	0.0000%	8h	17.590	+0.125%	$9.1M	$7.7M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNXXUSDT	0.0000%	8h	17.577	+0.051%	$3.9M	$40.2M	20x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.580	+0.068%	—	$4.7M	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.580	+0.068%	$1.6M	$1.5M	20x	as long as short
BloFin SNXX-USDT	+0.0025%	8h	17.580	+0.068%	$280K	$281K	25x	as long as short
edgeX SNXXUSDC	+0.0159%	4h	17.586	+0.103%	$54K	$405K	10x	as long as short