Funding you earn now, next payment 00:00 UTC−0.1423%/8h= −155.8% APRnext payment −$7.11 per $10,000 · paid last 24h −0.237%
Price spread now: Phemex against Aster+0.046%7-day average −0.200% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$2012.007% of the position
Funding, last 5 days (all we have)−0.905%−$90 on $10k
+Price spread, last 3 days (all we have)−0.549%−$55 · spread now +0.046%, 7d avg −0.200%
=Together, before fees−1.454%+ Points / potential airdropAster: Stage 5 · farm board−$145 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.247% dearer against Aster than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.200%): +$25 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 5 days (−0.905% in total) that is about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SYNUSDT | 0.2649 | 0.1523 | pay 0.0761% / 4h | 2h 16m | $3.0M | $810K | 5x |
| Short | Phemex SYNUSDT | 0.2650 | 0.0100 | get 0.0050% / 4h | 2h 16m | $1.7M | $1.7M | 50x |
Aster SYNUSDT
Phemex SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Aster. 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
- −$298.78
- Price spread: +0.046% → −0.200%
- $24.68
- Slippage, 4 orders
- −$180.74
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$474.85
- Costs to cover
- 2.007%
- Break-even
- never at this rate
Slippage from Aster: live order book, 2 min ago; Phemex: 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 Aster live order book, 2 min ago | 11.36 bp | 73.9 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 8.14 bp | 45.8 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
SYN on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SYNUSD | −0.0098% | 1h | 0.2648 | −0.029% | $212K | $481K | 10x | as long as short |
| Bitget SYNUSDT | +0.0100% | 4h | 0.2611 | −1.422% | $1.5M | $3.1M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2648 | −0.037% | $4K | $37K | 10x | as long as short |
| Phemex SYNUSDTshort | +0.0100% | 4h | 0.2650 | +0.046% | $1.7M | $1.7M | 50x | |
| MEXC SYN_USDT | +0.0128% | 4h | 0.2611 | −1.422% | $3.2M | $7.0M | 50x | as long as short |
| BingX SYN-USDT | +0.0130% | 4h | 0.2608 | −1.539% | — | $3.1M | — | as long as short |
| Binance SYNUSDT | +0.0134% | 4h | 0.2605 | −1.658% | $13.4M | $39.2M | 10x | as long as short |
| Aster SYNUSDTlong | +0.1523% | 4h | 0.2649 | long leg | $3.0M | $810K | 5x |
Kraken Futures PF_SYNUSD
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
MEXC SYN_USDT
BingX SYN-USDT
Binance SYNUSDT