Funding you earn now, next payment 04:00 UTC−0.1505%/8h= −164.8% APRpaid last 24h −1.012%
Price spread now: Phemex against Bitget+0.183%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6,955as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$1071.067% of the position
Funding, last 7 days−68.479%−$6,848 on $10k
+Price spread, last 4 days (all we have)−1.617%−$162 · spread now +0.183%, 7d avg −0.062%
=The price spread pays, funding is against you. Phemex is 0.245% dearer against Bitget than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of −0.062%): +$25 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−68.479% in total) that is about under an hour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget LSKUSDT | 0.3441 | −0.0768 | get 0.0096% / 1h | 52m 49s | $2.6M | $9.6M | 50x |
| Short | Phemex LSKUSDT | 0.3447 | −0.2273 | pay 0.1137% / 4h | 52m 49s | $1.2M | $2.3M | 10x |
Bitget LSKUSDT
Phemex LSKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- −$316.13
- Price spread: +0.183% → −0.062%
- $24.51
- Slippage, 4 orders
- −$82.65
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$398.27
- Costs to cover
- 1.067%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Phemex: live order book, 6 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 Bitget live order book, 1 min ago | 1.45 bp | 15.1 bp −$15 | 61.9 bp −$619 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 3.46 bp | 32.8 bp −$33 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LSK_USDT | −0.3784% | 1h | 0.3442 | +0.029% | $1.4M | $2.7M | 20x | as long as short |
| Variational Omni LSK | −0.2945% | 1h | 0.3477 | +1.051% | $27K | $184K | — | as long as short |
| Binance LSKUSDT | −0.2397% | 1h | 0.3437 | −0.118% | $14.6M | $99.0M | 50x | as long as short |
| MEXC LSK_USDT | −0.2376% | 1h | 0.3437 | −0.125% | $8.1M | $2.5M | 20x | as long as short |
| Phemex LSKUSDTshort | −0.2273% | 4h | 0.3447 | +0.183% | $1.2M | $2.3M | 10x | |
| Aster LSKUSDT | −0.1884% | 1h | 0.3440 | −0.020% | $60K | $130K | 5x | as long as short |
| Bybit LSKUSDT | −0.1418% | 1h | 0.3447 | +0.186% | $9.4M | $20.5M | 25x | as long as short |
| Bitget LSKUSDTlong | −0.0768% | 1h | 0.3441 | long leg | $2.6M | $9.6M | 50x | |
| Kraken Futures PF_LSKUSD | −0.0586% | 1h | 0.3446 | +0.133% | $103K | $341K | 10x | as long as short |
| HTX LSK-USDT | −0.0300% | 1h | 0.3453 | +0.337% | $57K | $275K | 20x | as long as short |
Gate LSK_USDT
Variational Omni LSK
Binance LSKUSDT
MEXC LSK_USDT
Aster LSKUSDT
Bybit LSKUSDT
Kraken Futures PF_LSKUSD
HTX LSK-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LSK-USDT | −0.0066% | 1h | 0.3449 | +0.221% | — | $2.8M | — | as long as short |
BingX LSK-USDT