Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0480%/8h= −52.6% APRpaid last 24h −0.029%

Price spread now: Bitget against tradeXYZ−0.067%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$790.786% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.067%, 7d avg −0.059%

Together, before fees+0.127%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.7% 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	17.901	0.1067	pay 0.0133% / 1h	57m 59s	$143K	$853K	10x
Short	Bitget SNXXUSDT	17.889	0.0587	get 0.0587% / 8h	6h 57m	$4.1M	$41.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$100.87
Price spread: −0.067% → −0.059%: −$0.78
Slippage, 4 orders: −$48.63
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$180.28
Costs to cover: 0.786%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 39 min ago; Bitget: live order book, 1 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, 39 min ago	2.52 bp	22.0 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.96 bp	18.4 bp −$18	28.0 bp −$280	32.0 bp −$3,201	67.7 bp −$33.9K

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
edgeX SNXXUSDC	−0.0788%	4h	17.906	+0.027%	$55K	$405K	10x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.890	−0.061%	—	$4.8M	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.870	−0.173%	$1.6M	$1.5M	20x	as long as short
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.910	+0.050%	$1K	$2K	10x	as long as short
KuCoin SNXXUSDTM	+0.0147%	8h	17.900	−0.006%	$212K	$306K	20x	as long as short
Gate SNXX_USDT	+0.0264%	8h	17.887	−0.078%	$4.4M	$17.5M	50x	as long as short
OKX SNXX-USDT-SWAP	+0.0309%	8h	17.880	−0.117%	$5.2M	$61.7M	25x	as long as short
Bitget SNXXUSDTshort	+0.0587%	8h	17.889	−0.067%	$4.1M	$41.4M	20x
Aster SNXXUSDT	+0.0660%	8h	17.901	+0.002%	$53K	$573K	20x	as long as short
Binance SNXXUSDT	+0.0867%	8h	17.889	−0.068%	$33.5M	$467.9M	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SNXX_USDT	+0.0867%	8h	17.880	−0.117%	$7.7M	$7.5M	50x	as long as short
BloFin SNXX-USDT	+0.0896%	8h	17.890	−0.061%	$289K	$284K	25x	as long as short
tradeXYZ xyz:SNXXlong	+0.1067%	1h	17.901	long leg	$143K	$853K	10x
HTX SNXX-USDT	+0.1985%	8h	17.900	−0.006%	$10K	$5K	10x	as long as short
Bybit SNXXUSDT	+0.3059%	8h	17.890	−0.061%	$3.3M	$18.4M	50x	as long as short