Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bitget−0.038%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1751.755% of the position
Funding, last 5 days (all we have)+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.277%−$28 · spread now −0.038%, 7d avg −0.080%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.042% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SYNUSDT | 0.2398 | 0.0100 | pay 0.0050% / 4h | 54m 12s | $1.3M | $3.2M | 10x |
| Short | Phemex SYNUSDT | 0.2397 | 0.0100 | get 0.0050% / 4h | 54m 12s | $1.6M | $1.8M | 50x |
Bitget SYNUSDT
Phemex SYNUSDTFunding 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
- $0
- Price spread: −0.038% → −0.080%
- $4.22
- Slippage, 4 orders
- −$151.47
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$171.24
- Costs to cover
- 1.755%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Phemex: live order book, 4 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, 3 min ago | 7.60 bp | 42.8 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 14.54 bp | 49.3 bp −$49 | 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 | −0.0104% | 1h | 0.2401 | +0.120% | $171K | $630K | 10x | as long as short |
| Binance SYNUSDT | +0.0100% | 4h | 0.2401 | +0.104% | $12.0M | $41.3M | 10x | as long as short |
| MEXC SYN_USDT | +0.0100% | 4h | 0.2397 | −0.050% | $2.8M | $7.6M | 50x | as long as short |
| Bitget SYNUSDTlong | +0.0100% | 4h | 0.2398 | long leg | $1.3M | $3.2M | 10x | |
| BingX SYN-USDT | +0.0100% | 4h | 0.2399 | +0.017% | — | $3.2M | — | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2394 | −0.183% | $4K | $39K | 10x | as long as short |
| Phemex SYNUSDTshort | +0.0100% | 4h | 0.2397 | −0.038% | $1.6M | $1.8M | 50x | |
| Aster SYNUSDT | +0.1211% | 4h | 0.2403 | +0.220% | $2.8M | $919K | 5x | as long as short |
Kraken Futures PF_SYNUSD
Binance SYNUSDT
MEXC SYN_USDT
BingX SYN-USDT
Orderly PERP_SYN_USDC_mythos
Aster SYNUSDT