Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.056%

Price spread now: Binance against tradeXYZ−0.034%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 4 days (all we have)+1.294%+$129 · spread now −0.034%, 7d avg +0.023%

Together, before fees+1.431%+ Points / potential airdroptradeXYZ: Active · farm board+$143 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.057% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.023%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.137%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SNXX	17.556	0.0050	pay 0.0006% / 1h	9m 09s	$156K	$703K	10x
Short	Binance SNXXUSDT	17.550	−0.0062	pay 0.0062% / 8h	6h 09m	$29.6M	$471.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.034%Rate

Funding earned: −$23.53
Price spread: −0.034% → +0.023%: −$5.69
Slippage, 4 orders: −$22.56
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$79.78
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 34 min ago; Binance: live order book, 13 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, 34 min ago	2.88 bp	11.9 bp −$12	28.5 bp −$285	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.88 bp	7.9 bp −$8	12.8 bp −$128	46.9 bp −$4,690	doesn't fit

SNXX on 15 exchanges

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
Orderly PERP_SNXX_USDC_mythos	−0.0614%	8h	17.560	+0.023%	$1K	$2K	10x	as long as short
Bitget SNXXUSDT	−0.0403%	8h	17.551	−0.028%	$4.0M	$40.1M	20x	as long as short
KuCoin SNXXUSDTM	−0.0220%	8h	17.510	−0.262%	$207K	$381K	20x	as long as short
MEXC SNXX_USDT	−0.0086%	8h	17.530	−0.148%	$13.3M	$8.6M	50x	as long as short
BloFin SNXX-USDT	−0.0081%	8h	17.550	−0.034%	$292K	$282K	25x	as long as short
Binance SNXXUSDTshort	−0.0062%	8h	17.550	−0.034%	$29.6M	$471.5M	25x
Aster SNXXUSDT	0.0000%	8h	17.520	−0.205%	$49K	$502K	20x	as long as short
Bybit SNXXUSDT	0.0000%	8h	17.550	−0.034%	$4.0M	$20.4M	50x	as long as short
OKX SNXX-USDT-SWAP	0.0000%	8h	17.540	−0.091%	$5.2M	$64.2M	25x	as long as short
Gate SNXX_USDT	0.0000%	8h	17.541	−0.085%	$4.6M	$18.7M	50x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SNXX-USDT	0.0000%	8h	17.550	−0.034%	—	$4.0M	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.540	−0.091%	$1.6M	$1.5M	20x	as long as short
tradeXYZ xyz:SNXXlong	+0.0050%	1h	17.556	long leg	$156K	$703K	10x
HTX SNXX-USDT	+0.0169%	8h	17.530	−0.148%	$10K	$4K	20x	as long as short
edgeX SNXXUSDC	+0.0346%	4h	17.541	−0.086%	$54K	$400K	10x	as long as short