Funding you earn now, next payment 04:00 UTC−0.0585%/8h= −64.0% APRpaid last 24h +0.699%
Price spread now: MEXC against Phemex−0.038%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs+$6,535as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1091.088% of the position
Funding, last 7 days+66.441%+$6,644 on $10k
+Price spread, last 4 days (all we have)+0.744%+$74 · spread now −0.038%, 7d avg +0.036%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and MEXC is 0.074% cheaper against Phemex than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.036%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +66.441%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex LSKUSDT | 0.3456 | −0.2791 | get 0.1396% / 4h | 25m 09s | $1.2M | $2.4M | 10x |
| Short | MEXC LSK_USDT | 0.3455 | −0.3376 | pay 0.0422% / 1h | 25m 09s | $8.2M | $2.5M | 20x |
Phemex LSKUSDT
MEXC LSK_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$122.82
- Price spread: −0.038% → +0.036%
- −$7.41
- Slippage, 4 orders
- −$92.85
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$239.07
- Costs to cover
- 1.088%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago | 6.51 bp | 50.9 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.87 bp | 5.6 bp −$6 | 32.0 bp −$320 | 82.0 bp −$8,199 | 426.1 bp −$213.0K |
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 | −1.4199% | 1h | 0.3467 | +0.301% | $9.4M | $20.5M | 25x | as long as short |
| Variational Omni LSK | −0.9075% | 1h | 0.3461 | +0.138% | $26K | $185K | — | as long as short |
| Gate LSK_USDT | −0.5680% | 1h | 0.3456 | −0.006% | $1.4M | $2.7M | 20x | as long as short |
| Binance LSKUSDT | −0.3458% | 1h | 0.3454 | −0.070% | $14.7M | $99.3M | 50x | as long as short |
| MEXC LSK_USDTshort | −0.3376% | 1h | 0.3455 | −0.038% | $8.2M | $2.5M | 20x | |
| Aster LSKUSDT | −0.2930% | 1h | 0.3469 | +0.365% | $60K | $129K | 5x | as long as short |
| Phemex LSKUSDTlong | −0.2791% | 4h | 0.3456 | long leg | $1.2M | $2.4M | 10x | |
| HTX LSK-USDT | −0.1764% | 1h | 0.3451 | −0.156% | $55K | $278K | 20x | as long as short |
| Bitget LSKUSDT | −0.1752% | 1h | 0.3452 | −0.122% | $2.6M | $9.7M | 50x | as long as short |
| BingX LSK-USDT | −0.1112% | 1h | 0.3455 | −0.029% | — | $2.8M | — | as long as short |
Bybit LSKUSDT
Variational Omni LSK
Gate LSK_USDT
Binance LSKUSDT
Aster LSKUSDT
HTX LSK-USDT
Bitget LSKUSDT
BingX LSK-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_LSKUSD | −0.0583% | 1h | 0.3463 | +0.186% | $104K | $344K | 10x | as long as short |
Kraken Futures PF_LSKUSD