Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h −0.028%

Price spread now: Binance against tradeXYZ−0.078%7-day average +0.025% · 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−$75as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 4 days (all we have)+1.984%+$198 · spread now −0.078%, 7d avg +0.025%

Together, before fees+2.134%+ Points / potential airdroptradeXYZ: Active · farm board+$213 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.103% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.025%). If the spread goes back, that is −$10 on $10k: about 4.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SNXX	17.934	0.0451	pay 0.0056% / 1h	0m 23s	$141K	$746K	10x
Short	Binance SNXXUSDT	17.920	0.0537	get 0.0537% / 8h	5h 00m	$32.9M	$462.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.078%Rate

Funding earned: $18.03
Price spread: −0.078% → +0.025%: −$10.3
Slippage, 4 orders: −$36.22
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$56.48
Costs to cover: 0.642%
Break-even: 28.9 days

Slippage from tradeXYZ: live order book, 17 min ago; Binance: live order book, 13 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, 17 min ago	2.51 bp	23.8 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.79 bp	12.6 bp −$13	13.3 bp −$133	43.3 bp −$4,329	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	17.927	−0.039%	$4.3M	$17.9M	50x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.910	−0.134%	—	$4.7M	10x	as long as short
HTX SNXX-USDT	0.0000%	8h	17.910	−0.134%	$10K	$4K	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.920	−0.078%	$1.6M	$1.5M	20x	as long as short
KuCoin SNXXUSDTM	+0.0100%	8h	17.910	−0.134%	$212K	$303K	20x	as long as short
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.930	−0.022%	$1K	$2K	10x	as long as short
OKX SNXX-USDT-SWAP	+0.0144%	8h	17.920	−0.078%	$5.1M	$61.6M	25x	as long as short
edgeX SNXXUSDC	+0.0225%	4h	17.922	−0.067%	$55K	$404K	10x	as long as short
Bitget SNXXUSDT	+0.0307%	8h	17.926	−0.045%	$4.1M	$40.5M	20x	as long as short
Bybit SNXXUSDT	+0.0340%	8h	17.930	−0.022%	$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
tradeXYZ xyz:SNXXlong	+0.0451%	1h	17.934	long leg	$141K	$746K	10x
Aster SNXXUSDT	+0.0520%	8h	17.908	−0.143%	$53K	$573K	20x	as long as short
BloFin SNXX-USDT	+0.0534%	8h	17.910	−0.134%	$285K	$286K	25x	as long as short
MEXC SNXX_USDT	+0.0536%	8h	17.900	−0.190%	$9.3M	$7.7M	50x	as long as short
Binance SNXXUSDTshort	+0.0537%	8h	17.920	−0.078%	$32.9M	$462.8M	25x