Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Phemex+0.026%7-day average +0.088% · 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−$170as in the Price arb table
costs, in and out, $10k−$1641.636% of the position
Funding, last 5 days (all we have)−0.093%−$9 on $10k
+Price spread, last 3 days (all we have)+0.106%+$11 · spread now +0.026%, 7d avg +0.088%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.061% cheaper against Phemex than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SYNUSDT | 0.2651 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $1.7M | $1.7M | 50x |
| Short | Bitget SYNUSDT | 0.2652 | 0.0100 | get 0.0050% / 4h | 1h 56m | $1.6M | $3.1M | 10x |
Phemex SYNUSDT
Bitget SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: +0.026% → +0.088%
- −$6.13
- Slippage, 4 orders
- −$139.61
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$169.74
- Costs to cover
- 1.636%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Bitget: 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, 2 min ago | 0.38 bp | 34.4 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 7.53 bp | 58.8 bp −$59 | 199.0 bp −$1,990 | 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 | −0.0095% | 1h | 0.2657 | +0.200% | $213K | $480K | 10x | as long as short |
| Bitget SYNUSDTshort | +0.0100% | 4h | 0.2652 | +0.026% | $1.6M | $3.1M | 10x | |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2656 | +0.151% | $4K | $42K | 10x | as long as short |
| Phemex SYNUSDTlong | +0.0100% | 4h | 0.2651 | long leg | $1.7M | $1.7M | 50x | |
| MEXC SYN_USDT | +0.0128% | 4h | 0.2654 | +0.094% | $3.4M | $6.9M | 50x | as long as short |
| BingX SYN-USDT | +0.0134% | 4h | 0.2651 | −0.038% | — | $3.1M | — | as long as short |
| Binance SYNUSDT | +0.0136% | 4h | 0.2655 | +0.120% | $13.7M | $39.3M | 10x | as long as short |
| Aster SYNUSDT | +0.1532% | 4h | 0.2651 | −0.019% | $3.0M | $815K | 5x | as long as short |
Kraken Futures PF_SYNUSD
Orderly PERP_SYN_USDC_mythos
MEXC SYN_USDT
BingX SYN-USDT
Binance SYNUSDT
Aster SYNUSDT