Funding arb · Price arb /

SNXX

RWAall SNXX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1127%/8h= −123.4% APRpaid last 24h +0.001%

Price spread now: Orderly against tradeXYZ−0.045%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Orderly is 0.045% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SNXX	17.938	0.1227	pay 0.0153% / 1h	59m 26s	$141K	$743K	10x
Short	Orderly PERP_SNXX_USDC_mythos	17.930	0.0100	get 0.0100% / 8h	4h 59m	$1K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.045%Rate

Funding earned: −$236.57
Price spread: −0.045% → 0.000%: −$4.46
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$265.03
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 18 min ago; Orderly: no order-book sample. Net counts fees only.

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, 18 min ago	2.51 bp	23.8 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.116%	$55K	$405K	10x	as long as short
Gate SNXX_USDT	0.0000%	8h	17.928	−0.056%	$4.3M	$17.8M	50x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.920	−0.100%	—	$4.7M	10x	as long as short
HTX SNXX-USDT	0.0000%	8h	17.910	−0.156%	$10K	$4K	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.920	−0.100%	$1.6M	$1.5M	20x	as long as short
KuCoin SNXXUSDTM	+0.0100%	8h	17.910	−0.156%	$212K	$303K	20x	as long as short
Orderly PERP_SNXX_USDC_mythosshort	+0.0100%	8h	17.930	−0.045%	$1K	$2K	10x
OKX SNXX-USDT-SWAP	+0.0144%	8h	17.920	−0.100%	$5.1M	$61.6M	25x	as long as short
Bitget SNXXUSDT	+0.0309%	8h	17.928	−0.056%	$4.1M	$40.5M	20x	as long as short
Bybit SNXXUSDT	+0.0343%	8h	17.930	−0.045%	$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	17.909	−0.162%	$53K	$573K	20x	as long as short
BloFin SNXX-USDT	+0.0534%	8h	17.910	−0.156%	$285K	$286K	25x	as long as short
MEXC SNXX_USDT	+0.0537%	8h	17.910	−0.156%	$9.3M	$7.7M	50x	as long as short
Binance SNXXUSDT	+0.0541%	8h	17.926	−0.069%	$32.9M	$462.7M	25x	as long as short
tradeXYZ xyz:SNXXlong	+0.1227%	1h	17.938	long leg	$141K	$743K	10x