Funding you earn now, next payment 08:00 UTC−0.0944%/8h= −103.4% APRnext payment −$9.44 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Phemex0.000%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$317as in the Funding arb table
Net, price: spread back to 7d avg − costs−$346as in the Price arb table
costs, in and out, $10k−$3503.495% of the position
Funding, last 7 days+0.325%+$33 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now 0.000%, 7d avg −0.039%
=The price spread pays, funding is against you. KuCoin is 0.039% dearer against Phemex than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.039%): +$4 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.325%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.325% in total (about 17.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.44 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 | Phemex SNXXUSDT | 17.380 | 0 | get 0.0000% / 8h | 30m 59s | $1.6M | $1.5M | 20x |
| Short | KuCoin SNXXUSDTM | 17.380 | −0.0944 | pay 0.0944% / 8h | 30m 59s | $205K | $246K | 20x |
Phemex SNXXUSDT
KuCoin SNXXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phemex. 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
- −$198.24
- Price spread: 0.000% → −0.039%
- $3.91
- Slippage, 4 orders
- −$325.51
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$543.84
- Costs to cover
- 3.495%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; KuCoin: live order book, 71 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 Phemex live order book, 2 min ago | 5.75 bp | 69.8 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 71 min ago | 14.43 bp | 138.1 bp −$138 | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC SNXX_USDT | −0.1152% | 8h | 17.370 | −0.058% | $9.3M | $7.7M | 50x | as long as short |
| Binance SNXXUSDT | −0.1151% | 8h | 17.380 | 0.000% | $31.4M | $472.9M | 25x | as long as short |
| BloFin SNXX-USDT | −0.1146% | 8h | 17.380 | 0.000% | $291K | $279K | 25x | as long as short |
| Bybit SNXXUSDT | −0.0981% | 8h | 17.380 | 0.000% | $3.8M | $19.8M | 50x | as long as short |
| Bitget SNXXUSDT | −0.0958% | 8h | 17.377 | −0.017% | $3.9M | $40.3M | 20x | as long as short |
| KuCoin SNXXUSDTMshort | −0.0944% | 8h | 17.380 | 0.000% | $205K | $246K | 20x | |
| edgeX SNXXUSDC | −0.0682% | 4h | 17.377 | −0.017% | $54K | $403K | 10x | as long as short |
| Aster SNXXUSDT | −0.0670% | 8h | 17.380 | 0.000% | $52K | $491K | 20x | as long as short |
| OKX SNXX-USDT-SWAP | −0.0530% | 8h | 17.380 | 0.000% | $5.2M | $63.4M | 25x | as long as short |
| Orderly PERP_SNXX_USDC_mythos | −0.0468% | 8h | 17.400 | +0.115% | $1K | $2K | 10x | as long as short |
MEXC SNXX_USDT
Binance SNXXUSDT
BloFin SNXX-USDT
Bybit SNXXUSDT
Bitget SNXXUSDT
edgeX SNXXUSDC
Aster SNXXUSDT
OKX SNXX-USDT-SWAP
Orderly PERP_SNXX_USDC_mythosShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SNXX-USDT | −0.0357% | 8h | 17.370 | −0.058% | $9K | $4K | 10x | as long as short |
| tradeXYZ xyz:SNXX | −0.0163% | 1h | 17.367 | −0.075% | $147K | $727K | 10x | as long as short |
| Gate SNXX_USDT | −0.0115% | 8h | 17.369 | −0.063% | $4.6M | $19.0M | 50x | as long as short |
| SunX SNXX-USDT | 0.0000% | 8h | 17.390 | +0.058% | — | $4.5M | 10x | as long as short |
| Phemex SNXXUSDTlong | 0.0000% | 8h | 17.380 | long leg | $1.6M | $1.5M | 20x |
HTX SNXX-USDT
tradeXYZ xyz:SNXX
Gate SNXX_USDT
SunX SNXX-USDT