Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.031%

Price spread now: Gate against tradeXYZ−0.006%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$710.712% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.264%−$26 on $10k

Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.006%, 7d avg −0.070%

Together, before fees−0.068%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.064% dearer against tradeXYZ than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.070%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−0.264% in total) that is about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SNXX	17.485	0.0050	pay 0.0006% / 1h	26m 38s	$155K	$716K	10x
Short	Gate SNXX_USDT	17.484	0	get 0.0000% / 8h	5h 26m	$4.6M	$18.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.006%Rate

Funding earned: −$10.5
Price spread: −0.006% → −0.070%: $6.42
Slippage, 4 orders: −$38.21
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$75.28
Costs to cover: 0.712%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 13 min ago; Gate: live order book, 5 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, 13 min ago	2.57 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.72 bp	17.0 bp −$17	32.0 bp −$320	52.2 bp −$5,217	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	−0.0592%	8h	17.490	+0.029%	$1K	$2K	10x	as long as short
Bitget SNXXUSDT	−0.0191%	8h	17.479	−0.034%	$4.0M	$39.4M	20x	as long as short
KuCoin SNXXUSDTM	−0.0038%	8h	17.480	−0.029%	$207K	$417K	20x	as long as short
Aster SNXXUSDT	0.0000%	8h	17.482	−0.019%	$48K	$509K	20x	as long as short
Binance SNXXUSDT	0.0000%	8h	17.488	+0.019%	$28.9M	$473.7M	25x	as long as short
Bybit SNXXUSDT	0.0000%	8h	17.490	+0.029%	$4.0M	$20.5M	50x	as long as short
OKX SNXX-USDT-SWAP	0.0000%	8h	17.480	−0.029%	$5.0M	$64.2M	25x	as long as short
Gate SNXX_USDTshort	0.0000%	8h	17.484	−0.006%	$4.6M	$18.6M	50x
MEXC SNXX_USDT	0.0000%	8h	17.480	−0.029%	$13.3M	$8.7M	50x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.480	−0.029%	—	$3.9M	10x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SNXX-USDT	0.0000%	8h	17.480	−0.029%	$9K	$4K	20x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.490	+0.029%	$1.5M	$1.5M	20x	as long as short
BloFin SNXX-USDT	+0.0026%	8h	17.490	+0.029%	$288K	$272K	25x	as long as short
tradeXYZ xyz:SNXXlong	+0.0050%	1h	17.485	long leg	$155K	$716K	10x
edgeX SNXXUSDC	+0.0541%	4h	17.483	−0.014%	$54K	$399K	10x	as long as short