Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3.6773 | +0.0452 | pay 0.0057% / 1h | 7m 32s | $5.1M | $13.8M | 10x | Long tradeXYZ | |
| SHORT | 3.6750 | 0 | 0.0000% / 8h | 7m 32s | $939K | $2.3M | 20x | Short Phemex |
Price gap−0.063%
Funding gap−0.0452% /8h
Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.162% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$59−0.0452% /8h now · paid −0.586% over the last 7D
Price−$16spread −0.063% now, avg +0.100% → −0.162% if it goes back
Costs−$1311.314% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.063%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hSNXX on 18 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size18.1 / 48.1 bpAt $10k entering Phemex costs 48.1 bp, fee and slippage, 2.7× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + $500tradeXYZ 10x, Phemex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$13.57Long tradeXYZ: 24 payments, −$13.57; short Phemex: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.063% vs +0.100%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$939K vs $5.1M OIPhemex sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCtradeXYZ No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0279%/8h × 21 periods−$58.60
Price spread−0.063% → +0.100% (7d avg)−$16.21
Slippage, 4 orderslive order books−$117.62
Fee tradeXYZ bp × 2 orders−$1.80
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$206.24
Costs to cover1.314%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 2 min ago; Phemex: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ5.8818.1 bp−$1828.9 bp−$28963.4 bp−$6,344doesn’t fit
SELL · SHORTPhemex27.4748.1 bp−$48318.5 bp−$3,185doesn’t fitdoesn’t fit
Closing costs about the same again.
SNXX news
posts that mention SNXX, from every exchange| 10-14 10:07 | Deribit | Listing | 🚨 Now live on Deribit: CRWV • ORCL • SOXS • DELL • PLTR & SNXX USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗ |
| 10-14 10:00 | Deribit | Listing | new market SNXX_USDC-PERPETUAL ($SNXX) seen by our collector |
| 10-12 12:59 | Deribit | Listing | 🚨 New Equity & ETF Perpetuals. Coming to Deribit. On Wednesday, October 14, 2026 at 10:00 AM UTC, Deribit will launch the following USDC-settled equity perpetuals: CRWV • ORCL • SOXS • DELL • PLTR • SNXX Contract details: 🔹 Settlement: USDC 🔹 Full specs: @DeribitOfficial on X ↗ |


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