Funding you earn now, next payment 08:00 UTC+0.0130%/8h= +14.2% APRnext payment +$0.65 per $10,000 · paid last 24h +0.005%
Price spread now: MEXC against Phemex+0.049%7-day average +0.027% · 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−$86as in the Price arb table
costs, in and out, $10k−$880.877% of the position
Funding, last 5 days (all we have)−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.049%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.022% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SYNUSDT | 0.2443 | 0.0100 | pay 0.0050% / 4h | 43m 09s | $1.6M | $1.9M | 50x |
| Short | MEXC SYN_USDT | 0.2444 | 0.0230 | get 0.0115% / 4h | 43m 09s | $3.0M | $8.1M | 50x |
Phemex SYNUSDT
MEXC SYN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $27.3
- Price spread: +0.049% → +0.027%
- $2.19
- Slippage, 4 orders
- −$75.71
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$58.22
- Costs to cover
- 0.877%
- Break-even
- 21.9 days
Slippage from Phemex: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago | 1.84 bp | 38.9 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 2.05 bp | 4.3 bp −$4 | 44.2 bp −$442 | 376.3 bp −$37.6K | 594.9 bp −$297.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SYNUSDT | +0.0100% | 4h | 0.2444 | +0.057% | $1.4M | $3.1M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2443 | +0.004% | $3K | $35K | 10x | as long as short |
| Phemex SYNUSDTlong | +0.0100% | 4h | 0.2443 | long leg | $1.6M | $1.9M | 50x | |
| Binance SYNUSDT | +0.0227% | 4h | 0.2447 | +0.159% | $12.2M | $43.0M | 10x | as long as short |
| MEXC SYN_USDTshort | +0.0230% | 4h | 0.2444 | +0.049% | $3.0M | $8.1M | 50x | |
| BingX SYN-USDT | +0.0238% | 4h | 0.2448 | +0.205% | — | $3.2M | — | as long as short |
| Aster SYNUSDT | +0.1366% | 4h | 0.2444 | +0.049% | $2.8M | $991K | 5x | as long as short |
| Kraken Futures PF_SYNUSD | +0.1473% | 1h | 0.2444 | +0.051% | $179K | $758K | 10x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Binance SYNUSDT
BingX SYN-USDT
Aster SYNUSDT
Kraken Futures PF_SYNUSD