Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.024%

Price spread now: Gate against tradeXYZ−0.040%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$760.763% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.255%−$25 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.040%, 7d avg −0.071%

Together, before fees−0.103%+ Points / potential airdroptradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.031% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.071%. Mind the row above: over the last 7 days funding on this pair cost −0.255%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SNXX	17.367	−0.0159	get 0.0020% / 1h	30m 42s	$147K	$727K	10x
Short	Gate SNXX_USDT	17.360	−0.0115	pay 0.0115% / 8h	30m 42s	$4.6M	$19.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.040%Rate

Funding earned: $9.24
Price spread: −0.040% → −0.071%: $3.06
Slippage, 4 orders: −$43.3
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64
Costs to cover: 0.763%
Break-even: 55.5 days

Slippage from tradeXYZ: live order book, 7 min ago; Gate: live order book, 3 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, 7 min ago	2.59 bp	21.6 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	6.91 bp	16.9 bp −$17	32.5 bp −$325	56.2 bp −$5,618	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	+0.017%	$9.3M	$7.7M	50x	as long as short
Binance SNXXUSDT	−0.1151%	8h	17.380	+0.075%	$31.4M	$472.9M	25x	as long as short
BloFin SNXX-USDT	−0.1146%	8h	17.380	+0.075%	$291K	$279K	25x	as long as short
Bybit SNXXUSDT	−0.0981%	8h	17.380	+0.075%	$3.8M	$19.8M	50x	as long as short
Bitget SNXXUSDT	−0.0958%	8h	17.377	+0.058%	$3.9M	$40.3M	20x	as long as short
KuCoin SNXXUSDTM	−0.0944%	8h	17.380	+0.075%	$205K	$246K	20x	as long as short
edgeX SNXXUSDC	−0.0682%	4h	17.377	+0.058%	$54K	$403K	10x	as long as short
Aster SNXXUSDT	−0.0670%	8h	17.380	+0.075%	$52K	$491K	20x	as long as short
OKX SNXX-USDT-SWAP	−0.0530%	8h	17.380	+0.075%	$5.2M	$63.4M	25x	as long as short
Orderly PERP_SNXX_USDC_mythos	−0.0468%	8h	17.400	+0.190%	$1K	$2K	10x	as long as short

Show 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	+0.017%	$9K	$4K	10x	as long as short
tradeXYZ xyz:SNXXlong	−0.0159%	1h	17.367	long leg	$147K	$727K	10x
Gate SNXX_USDTshort	−0.0115%	8h	17.360	−0.040%	$4.6M	$19.0M	50x
SunX SNXX-USDT	0.0000%	8h	17.390	+0.132%	—	$4.5M	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.380	+0.075%	$1.6M	$1.5M	20x	as long as short