Funding you earn now, next payment 02:00 UTC−0.2755%/8h= −301.7% APRpaid last 24h −0.230%
Price spread now: Phemex against BingX−0.006%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7,302as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1111.112% of the position
Funding, last 7 days−71.909%−$7,191 on $10k
+Price spread, last 3 days (all we have)−0.296%−$30 · spread now −0.006%, 7d avg −0.124%
=The price spread pays, funding is against you. Phemex is 0.118% dearer against BingX than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.124%): +$12 on $10k if it goes back. Holding the pair costs −$83 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−71.909% in total) that is about under an hour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX LSK-USDT | 0.3475 | −0.2008 | get 0.0251% / 1h | 6m 45s | — | $2.9M | — |
| Short | Phemex LSKUSDT | 0.3475 | −0.4763 | pay 0.2381% / 4h | 2h 06m | $1.3M | $2.3M | 10x |
BingX LSK-USDT
Phemex LSKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$578.51
- Price spread: −0.006% → −0.124%
- $11.82
- Slippage, 4 orders
- −$89.24
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$677.93
- Costs to cover
- 1.112%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; Phemex: live order book, 2 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 BingX live order book, 13 min ago | 2.44 bp | 14.4 bp −$14 | 37.1 bp −$371 | 363.7 bp −$36.4K | 775.6 bp −$387.8K |
| Sell Phemex live order book, 2 min ago | 5.18 bp | 39.7 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
LSK on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni LSK | −0.9571% | 1h | 0.3496 | +0.585% | $26K | $193K | — | as long as short |
| Bybit LSKUSDT | −0.9062% | 1h | 0.3486 | +0.317% | $9.6M | $21.2M | 25x | as long as short |
| Aster LSKUSDT | −0.5373% | 1h | 0.3478 | +0.092% | $61K | $134K | 5x | as long as short |
| Binance LSKUSDT | −0.5258% | 1h | 0.3475 | −0.001% | $14.7M | $100.2M | 50x | as long as short |
| MEXC LSK_USDT | −0.5136% | 1h | 0.3474 | −0.026% | $7.9M | $2.6M | 20x | as long as short |
| Gate LSK_USDT | −0.5048% | 1h | 0.3474 | −0.037% | $1.4M | $2.9M | 20x | as long as short |
| Phemex LSKUSDTshort | −0.4763% | 4h | 0.3475 | −0.006% | $1.3M | $2.3M | 10x | |
| Bitget LSKUSDT | −0.2968% | 1h | 0.3476 | +0.020% | $2.6M | $9.7M | 50x | as long as short |
| BingX LSK-USDTlong | −0.2008% | 1h | 0.3475 | long leg | — | $2.9M | — | |
| HTX LSK-USDT | −0.1615% | 1h | 0.3478 | +0.069% | $57K | $288K | 20x | as long as short |
Variational Omni LSK
Bybit LSKUSDT
Aster LSKUSDT
Binance LSKUSDT
MEXC LSK_USDT
Gate LSK_USDT
Bitget LSKUSDT
HTX LSK-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_LSKUSD | −0.1376% | 1h | 0.3485 | +0.271% | $114K | $246K | 10x | as long as short |
Kraken Futures PF_LSKUSD