Funding arb · Price arb /

SNXX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1168%/8h= +127.9% APRpaid last 24h −0.002%

Price spread now: tradeXYZ against KuCoin+0.162%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2392.385% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 4 days (all we have)−0.413%−$41 · spread now +0.162%, 7d avg +0.090%

Together, before fees−0.358%+ Points / potential airdroptradeXYZ: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and tradeXYZ is 0.072% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.090%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 3.1% 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	KuCoin SNXXUSDTM	17.910	0.0100	pay 0.0100% / 8h	4h 58m	$212K	$303K	20x
Short	tradeXYZ xyz:SNXX	17.939	0.1268	get 0.0159% / 1h	58m 54s	$141K	$743K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against KuCoin. 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 KuCoinbpFee tradeXYZbpOrdersPrice spread, now +0.162%Rate

Funding earned: $245.36
Price spread: +0.162% → +0.090%: $7.2
Slippage, 4 orders: −$208.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $14.05
Costs to cover: 2.385%
Break-even: 6.6 days

Slippage from KuCoin: live order book, 23 min ago; tradeXYZ: live order book, 18 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 KuCoin live order book, 23 min ago	11.17 bp	89.3 bp −$89	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 18 min ago	2.51 bp	20.0 bp −$20	33.7 bp −$337	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
edgeX SNXXUSDC	−0.0560%	4h	17.917	+0.041%	$55K	$405K	10x	as long as short
Gate SNXX_USDT	0.0000%	8h	17.932	+0.123%	$4.3M	$17.8M	50x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.920	+0.056%	—	$4.7M	10x	as long as short
HTX SNXX-USDT	0.0000%	8h	17.910	0.000%	$10K	$4K	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.930	+0.112%	$1.6M	$1.5M	20x	as long as short
KuCoin SNXXUSDTMlong	+0.0100%	8h	17.910	long leg	$212K	$303K	20x
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.930	+0.112%	$1K	$2K	10x	as long as short
OKX SNXX-USDT-SWAP	+0.0145%	8h	17.930	+0.112%	$5.2M	$61.7M	25x	as long as short
Bitget SNXXUSDT	+0.0309%	8h	17.937	+0.151%	$4.1M	$40.5M	20x	as long as short
Bybit SNXXUSDT	+0.0343%	8h	17.930	+0.112%	$3.4M	$18.3M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SNXXUSDT	+0.0520%	8h	17.910	+0.002%	$53K	$573K	20x	as long as short
BloFin SNXX-USDT	+0.0526%	8h	17.930	+0.112%	$286K	$287K	25x	as long as short
MEXC SNXX_USDT	+0.0537%	8h	17.910	0.000%	$9.3M	$7.7M	50x	as long as short
Binance SNXXUSDT	+0.0541%	8h	17.930	+0.112%	$32.9M	$462.8M	25x	as long as short
tradeXYZ xyz:SNXXshort	+0.1268%	1h	17.939	+0.162%	$141K	$743K	10x