Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.005259+0.0072pay 0.0036% / 4h3h 46m$1.9M$1.7M25xLong Bybit
SHORT0.005246−0.0416pay 0.0208% / 4h3h 46m$1.2M$434K50xShort Phemex
Price gap−0.247%50s
Funding gap−0.0488% /8h

Both sides work against this direction now: funding costs $15 a day on $10k and the gap is 0.202% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$14−0.0488% /8h now · paid +0.145% over the last 7D
Price—spread −0.247%50s now · prices read too far apart to compare
Costs−$1411.410% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.145% in total, about +0.0069%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.247%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ALT on 12 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size21.7 / 40.8 bp
    At $10k entering Phemex costs 40.8 bp, fee and slippage, 1.9× Bybit’s.
  • Note: Margin at max leverage$400 + $200
    Bybit 25x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval4h / 4h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$14.65Long Bybit: 6 payments, −$2.18; short Phemex: 6 payments, −$12.47.
  • Watch: Prices read 50 s apart−0.247% vs −0.045%
    Part of this gap may be the market moving.
  • Note: Short leg is thinner$1.2M vs $1.9M OI
    Both legs are deep; Phemex is the smaller one.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Yes · Phemex Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0069%/8h × 21 periods+$14.47
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$118.02
Fee Bybit bp × 2 orders−$11.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$126.55
price spread not counted: prices read too far apart
Costs to cover1.410%Break-even68.2 days
Slippage: Bybit: live order book, 3 min ago; Phemex: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit3.8321.7 bp−$22216.8 bp−$2,168doesn’t fitdoesn’t fit
SELL · SHORTPhemex5.7340.8 bp−$41161.3 bp−$1,613doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

ALT news

posts that mention ALT, from every exchange
11-03 07:08BinanceOtherLatest Withdrawal Update Withdrawals have now been re-enabled for the following networks and assets: New: ✅ ETH: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD ✅ SOL: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Already Enabled: ✅ ETH: RLUSD, USD1, TUSD, FDUSD, XUSD We will continue to restore additional assets and networks in phases as security checks are completed. Further updates will be shared through official Binance channels. @binance on X ↗
10-26 03:39PhemexListingnew market ALTUSDT ($ALT) seen by our collector
09-18 10:04DeribitListing🚨 Now live on Deribit: MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗
09-17 15:30DeribitListing🚨 More new perpetual futures are coming to Deribit We are pleased to announce that tomorrow, September 18, 2026, at 10:00 AM UTC, Deribit is launching a new lineup of USDC-settled perpetuals. MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM Contract details: 🔹Settlement: USDC 🔹All contract details and specifications 🔽 Please note that these newly listed perpetual contracts are subject to our Auto-Deleveraging Mechanism (ADL) and are covered by the Liquidity Support Program (LSP). By trading any of the products listed above, you acknowledge and agree that the terms of ADL and LSP will apply. @DeribitOfficial on X ↗