Funding you earn now, next payment 08:00 UTC−0.0329%/8h= −36.0% APRnext payment −$3.29 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Binance−0.082%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1971.967% of the position
Funding, last 7 days−0.205%−$20 on $10k
+Price spread, last 4 days (all we have)−1.569%−$157 · spread now −0.082%, 7d avg −0.115%
=The price spread pays, funding is against you. KuCoin is 0.033% dearer against Binance than usual: you sell high and buy low (spread −0.082% now, against its 7-day average of −0.115%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.205% in total) that is about 27 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.205% in total (about -10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.29 per $10,000. 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 | Binance SNXXUSDT | 17.875 | 0.0429 | pay 0.0429% / 8h | 5h 22m | $32.4M | $462.1M | 25x |
| Short | KuCoin SNXXUSDTM | 17.860 | 0.0100 | get 0.0100% / 8h | 5h 22m | $211K | $304K | 20x |
Binance SNXXUSDT
KuCoin SNXXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$69.05
- Price spread: −0.082% → −0.115%
- $3.32
- Slippage, 4 orders
- −$174.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$262.41
- Costs to cover
- 1.967%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 73 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 Binance live order book, 6 min ago | 2.80 bp | 7.8 bp −$8 | 12.1 bp −$121 | 34.3 bp −$3,433 | doesn't fit |
| Sell KuCoin live order book, 73 min ago | 14.03 bp | 111.9 bp −$112 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate SNXX_USDT | 0.0000% | 8h | 17.875 | +0.002% | $4.3M | $17.8M | 50x | as long as short |
| SunX SNXX-USDT | 0.0000% | 8h | 17.870 | −0.026% | — | $4.7M | 10x | as long as short |
| HTX SNXX-USDT | 0.0000% | 8h | 17.880 | +0.030% | $10K | $4K | 10x | as long as short |
| Phemex SNXXUSDT | 0.0000% | 8h | 17.880 | +0.030% | $1.6M | $1.5M | 20x | as long as short |
| Bybit SNXXUSDT | +0.0036% | 8h | 17.880 | +0.030% | $3.3M | $18.3M | 50x | as long as short |
| tradeXYZ xyz:SNXX | +0.0050% | 1h | 17.861 | −0.076% | $141K | $764K | 10x | as long as short |
| OKX SNXX-USDT-SWAP | +0.0064% | 8h | 17.880 | +0.030% | $5.1M | $61.4M | 25x | as long as short |
| KuCoin SNXXUSDTMshort | +0.0100% | 8h | 17.860 | −0.082% | $211K | $304K | 20x | |
| Orderly PERP_SNXX_USDC_mythos | +0.0100% | 8h | 17.870 | −0.026% | $1K | $2K | 10x | as long as short |
| edgeX SNXXUSDC | +0.0171% | 4h | 17.853 | −0.121% | $55K | $403K | 10x | as long as short |
Gate SNXX_USDT
SunX SNXX-USDT
HTX SNXX-USDT
Phemex SNXXUSDT
Bybit SNXXUSDT
tradeXYZ xyz:SNXX
OKX SNXX-USDT-SWAP
Orderly PERP_SNXX_USDC_mythos
edgeX SNXXUSDCShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNXXUSDT | +0.0193% | 8h | 17.869 | −0.031% | $4.0M | $40.5M | 20x | as long as short |
| Binance SNXXUSDTlong | +0.0429% | 8h | 17.875 | long leg | $32.4M | $462.1M | 25x | |
| MEXC SNXX_USDT | +0.0429% | 8h | 17.870 | −0.026% | $9.3M | $7.7M | 50x | as long as short |
| BloFin SNXX-USDT | +0.0457% | 8h | 17.870 | −0.026% | $287K | $286K | 25x | as long as short |
| Aster SNXXUSDT | +0.0459% | 8h | 17.857 | −0.096% | $53K | $573K | 20x | as long as short |
Bitget SNXXUSDT
MEXC SNXX_USDT
BloFin SNXX-USDT
Aster SNXXUSDT