Funding you earn now, next payment 02:00 UTC+0.3993%/8h= +437.3% APRpaid last 24h +0.230%
Price spread now: BingX against Phemex+0.455%7-day average +0.124% · you sell dearer than you buy
Net, funding: paid 7d − costs+$7,079as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$1121.118% of the position
Funding, last 7 days+71.909%+$7,191 on $10k
+Price spread, last 3 days (all we have)−0.153%−$15 · spread now +0.455%, 7d avg +0.124%
=Both sides work for this trade now. Funding pays +$120 a day on $10k at the current rate, and BingX is 0.331% dearer against Phemex than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.124%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex LSKUSDT | 0.3476 | −0.4961 | get 0.2481% / 4h | 2h 28m | $1.3M | $2.3M | 10x |
| Short | BingX LSK-USDT | 0.3492 | −0.0968 | pay 0.0121% / 1h | 28m 37s | — | $3.0M | — |
Phemex LSKUSDT
BingX LSK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Phemex. 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
- $838.63
- Price spread: +0.455% → +0.124%
- $33.06
- Slippage, 4 orders
- −$89.81
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $759.88
- Costs to cover
- 1.118%
- Break-even
- 0.7 days
Slippage from Phemex: live order book, 5 min ago; BingX: live order book, 1 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 Phemex live order book, 5 min ago | 3.88 bp | 40.4 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 2.43 bp | 13.7 bp −$14 | 44.1 bp −$441 | 411.3 bp −$41.1K | 722.5 bp −$361.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit LSKUSDT | −1.6071% | 1h | 0.3502 | +0.748% | $9.7M | $21.9M | 25x | as long as short |
| Variational Omni LSK | −1.0370% | 1h | 0.3500 | +0.676% | $26K | $196K | — | as long as short |
| Gate LSK_USDT | −0.5776% | 1h | 0.3492 | +0.452% | $1.4M | $2.8M | 20x | as long as short |
| Phemex LSKUSDTlong | −0.4961% | 4h | 0.3476 | long leg | $1.3M | $2.3M | 10x | |
| Aster LSKUSDT | −0.4434% | 1h | 0.3484 | +0.231% | $61K | $135K | 5x | as long as short |
| Binance LSKUSDT | −0.4254% | 1h | 0.3489 | +0.352% | $14.7M | $102.1M | 50x | as long as short |
| MEXC LSK_USDT | −0.4248% | 1h | 0.3492 | +0.446% | $7.9M | $2.6M | 20x | as long as short |
| HTX LSK-USDT | −0.2693% | 1h | 0.3485 | +0.245% | $56K | $295K | 20x | as long as short |
| Bitget LSKUSDT | −0.1792% | 1h | 0.3489 | +0.365% | $2.6M | $9.9M | 50x | as long as short |
| Kraken Futures PF_LSKUSD | −0.1380% | 1h | 0.3476 | −0.016% | $114K | $246K | 10x | as long as short |
Bybit LSKUSDT
Variational Omni LSK
Gate LSK_USDT
Aster LSKUSDT
Binance LSKUSDT
MEXC LSK_USDT
HTX LSK-USDT
Bitget LSKUSDT
Kraken Futures PF_LSKUSDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LSK-USDTshort | −0.0968% | 1h | 0.3492 | +0.455% | — | $3.0M | — |