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: KuCoin against tradeXYZ−0.162%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$244as in the Funding arb table

Net, price: spread back to 7d avg − costs−$246as in the Price arb table

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

Long on tradeXYZ Short on KuCoin

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 against this trade now: funding costs −$35 a day on $10k at the current rate, and KuCoin is 0.072% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.090%). Swap the legs.

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	tradeXYZ xyz:SNXX	17.939	0.1268	pay 0.0159% / 1h	58m 54s	$141K	$743K	10x
Short	KuCoin SNXXUSDTM	17.910	0.0100	get 0.0100% / 8h	4h 58m	$212K	$303K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$245.36
Price spread: −0.162% → −0.090%: −$7.17
Slippage, 4 orders: −$208.52
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$491.05
Costs to cover: 2.385%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 18 min ago; KuCoin: live order book, 23 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, 18 min ago	2.51 bp	23.8 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 23 min ago	11.17 bp	105.4 bp −$105	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
edgeX SNXXUSDC	−0.0560%	4h	17.917	−0.121%	$55K	$405K	10x	as long as short
Gate SNXX_USDT	0.0000%	8h	17.932	−0.039%	$4.3M	$17.8M	50x	as long as short
SunX SNXX-USDT	0.0000%	8h	17.920	−0.106%	—	$4.7M	10x	as long as short
HTX SNXX-USDT	0.0000%	8h	17.910	−0.162%	$10K	$4K	10x	as long as short
Phemex SNXXUSDT	0.0000%	8h	17.930	−0.050%	$1.6M	$1.5M	20x	as long as short
KuCoin SNXXUSDTMshort	+0.0100%	8h	17.910	−0.162%	$212K	$303K	20x
Orderly PERP_SNXX_USDC_mythos	+0.0100%	8h	17.930	−0.050%	$1K	$2K	10x	as long as short
OKX SNXX-USDT-SWAP	+0.0145%	8h	17.930	−0.050%	$5.2M	$61.7M	25x	as long as short
Bitget SNXXUSDT	+0.0309%	8h	17.937	−0.011%	$4.1M	$40.5M	20x	as long as short
Bybit SNXXUSDT	+0.0343%	8h	17.930	−0.050%	$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	−0.159%	$53K	$573K	20x	as long as short
BloFin SNXX-USDT	+0.0526%	8h	17.930	−0.050%	$286K	$287K	25x	as long as short
MEXC SNXX_USDT	+0.0537%	8h	17.910	−0.162%	$9.3M	$7.7M	50x	as long as short
Binance SNXXUSDT	+0.0541%	8h	17.930	−0.050%	$32.9M	$462.8M	25x	as long as short
tradeXYZ xyz:SNXXlong	+0.1268%	1h	17.939	long leg	$141K	$743K	10x