Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.3053%/8h= +334.3% APRpaid last 24h −0.042%

Price spread now: MEXC against tradeXYZ−0.079%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$630.625% of the position

Long on tradeXYZ Short on MEXC

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)+0.258%+$26 · spread now −0.079%, 7d avg −0.075%

Together, before fees+0.395%+ Points / potential airdroptradeXYZ: Active · farm board+$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.075%, so right now this pair is about funding alone: +$92 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 0.137% in total (about 7.6% 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	17.624	−0.3053	get 0.0382% / 1h	37m 49s	$137K	$748K	10x
Short	MEXC SNXX_USDT	17.610	0	get 0.0000% / 8h	3h 37m	$9.1M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.079%Rate

Funding earned: $641.18
Price spread: −0.079% → −0.075%: −$0.43
Slippage, 4 orders: −$44.53
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 0 bp × 2 orders: $0
Net: $578.22
Costs to cover: 0.625%
Break-even: 0.7 days

Slippage from tradeXYZ: live order book, 29 min ago; MEXC: 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, 29 min ago	2.78 bp	16.2 bp −$16	35.1 bp −$351	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	5.64 bp	5.6 bp −$6	7.5 bp −$75	10.9 bp −$1,090	49.2 bp −$24.6K

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	−0.3053%	1h	17.624	long leg	$137K	$748K	10x
Binance SNXXUSDT	0.0000%	8h	17.606	−0.101%	$30.4M	$466.8M	25x	as long as short
Bybit SNXXUSDT	0.0000%	8h	17.610	−0.079%	$3.3M	$18.6M	50x	as long as short
OKX SNXX-USDT-SWAP	0.0000%	8h	17.600	−0.136%	$4.9M	$62.7M	25x	as long as short
Gate SNXX_USDT	0.0000%	8h	17.628	+0.023%	$4.2M	$18.0M	50x	as long as short
MEXC SNXX_USDTshort	0.0000%	8h	17.610	−0.079%	$9.1M	$7.7M	50x
Bitget SNXXUSDT	0.0000%	8h	17.604	−0.113%	$3.9M	$40.3M	20x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.620	−0.023%	—	$4.7M	10x	as long as short
HTX SNXX-USDT	0.0000%	8h	17.660	+0.204%	$10K	$4K	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.630	+0.034%	$1.6M	$1.5M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SNXX-USDT	+0.0006%	8h	17.610	−0.079%	$285K	$282K	25x	as long as short
KuCoin SNXXUSDTM	+0.0100%	8h	17.700	+0.431%	$209K	$285K	20x	as long as short
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.670	+0.261%	$1K	$2K	10x	as long as short
Aster SNXXUSDT	+0.0191%	8h	17.734	+0.624%	$52K	$573K	20x	as long as short
edgeX SNXXUSDC	+0.0952%	4h	17.697	+0.414%	$55K	$403K	10x	as long as short