Funding you earn now, next payment 23:00 UTC−0.0198%/8h= −21.7% APRpaid last 24h +0.285%
Price spread now: Kraken Futures against Phemex+0.058%7-day average +0.066% · 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−$185as in the Price arb table
costs, in and out, $10k−$1851.847% of the position
Funding, last 5 days (all we have)−0.109%−$11 on $10k
+Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.058%, 7d avg +0.066%
=The price spread sits at its 7-day average of +0.066%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SYNUSDT | 0.2575 | 0.0100 | pay 0.0050% / 4h | 1h 09m | $1.7M | $1.7M | 50x |
| Short | Kraken Futures PF_SYNUSD | 0.2576 | −0.0098 | pay 0.0012% / 1h | 9m 44s | $209K | $504K | 10x |
Phemex SYNUSDT
Kraken Futures PF_SYNUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$41.56
- Price spread: +0.058% → +0.066%
- −$0.75
- Slippage, 4 orders
- −$162.72
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$227.03
- Costs to cover
- 1.847%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Kraken Futures: live order book, 8 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 | 0.19 bp | 42.2 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 8 min ago | 27.47 bp | 49.0 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_SYNUSDshort | −0.0098% | 1h | 0.2576 | +0.058% | $209K | $504K | 10x | |
| Bitget SYNUSDT | +0.0100% | 4h | 0.2570 | −0.175% | $1.5M | $3.2M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2568 | −0.260% | $4K | $42K | 10x | as long as short |
| Phemex SYNUSDTlong | +0.0100% | 4h | 0.2575 | long leg | $1.7M | $1.7M | 50x | |
| MEXC SYN_USDT | +0.0114% | 4h | 0.2570 | −0.183% | $3.3M | $7.2M | 50x | as long as short |
| Binance SYNUSDT | +0.0117% | 4h | 0.2570 | −0.194% | $13.2M | $39.7M | 10x | as long as short |
| BingX SYN-USDT | +0.0122% | 4h | 0.2568 | −0.272% | — | $3.1M | — | as long as short |
| Aster SYNUSDT | +0.1408% | 4h | 0.2572 | −0.094% | $2.9M | $812K | 5x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
MEXC SYN_USDT
Binance SYNUSDT
BingX SYN-USDT
Aster SYNUSDT