Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against Phemex+0.256%7-day average +0.055% · 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−$164as in the Price arb table
costs, in and out, $10k−$1841.843% of the position
Funding, last 5 days (all we have)−0.039%−$4 on $10k
+Price spread, last 3 days (all we have)+0.150%+$15 · spread now +0.256%, 7d avg +0.055%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.201% dearer against Phemex than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SYNUSDT | 0.2657 | 0.0100 | pay 0.0050% / 4h | 2h 57m | $1.7M | $1.7M | 50x |
| Short | Binance SYNUSDT | 0.2664 | 0.0100 | get 0.0050% / 4h | 2h 57m | $13.7M | $38.3M | 10x |
Phemex SYNUSDT
Binance SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: +0.256% → +0.055%
- $20.06
- Slippage, 4 orders
- −$162.35
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$164.29
- Costs to cover
- 1.843%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 min ago; Binance: live order book, 15 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, 1 min ago | 11.52 bp | 87.2 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.92 bp | 22.2 bp −$22 | 153.3 bp −$1,533 | 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 | 0.2654 | −0.113% | $218K | $489K | 10x | as long as short |
| Binance SYNUSDTshort | +0.0100% | 4h | 0.2664 | +0.256% | $13.7M | $38.3M | 10x | |
| MEXC SYN_USDT | +0.0100% | 4h | 0.2662 | +0.181% | $3.4M | $6.7M | 50x | as long as short |
| Bitget SYNUSDT | +0.0100% | 4h | 0.2665 | +0.309% | $1.6M | $3.0M | 10x | as long as short |
| BingX SYN-USDT | +0.0100% | 4h | 0.2665 | +0.301% | — | $3.0M | — | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2656 | −0.041% | $5K | $37K | 10x | as long as short |
| Phemex SYNUSDTlong | +0.0100% | 4h | 0.2657 | long leg | $1.7M | $1.7M | 50x | |
| Aster SYNUSDT | +0.1528% | 4h | 0.2653 | −0.160% | $3.0M | $794K | 5x | as long as short |
Kraken Futures PF_SYNUSD
MEXC SYN_USDT
Bitget SYNUSDT
BingX SYN-USDT
Orderly PERP_SYN_USDC_mythos
Aster SYNUSDT