Funding you earn now, next payment 08:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.77 per $10,000 · paid last 24h −0.149%
Price spread now: Phemex against Bybit+0.024%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phemex is 0.024% dearer against Bybit than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ANETUSDT | 206.70 | 0.0077 | pay 0.0077% / 8h | 3h 47m | $80K | $213K | 25x |
| Short | Phemex ANETUSDT | 206.75 | 0 | get 0.0000% / 8h | 3h 47m | $22K | $34K | 10x |
Bybit ANETUSDT
Phemex ANETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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
- −$16.12
- Price spread: +0.024% → 0.000%
- $2.42
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$36.7
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 52 min ago; Phemex: no order-book sample. Net counts fees only.
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 Bybit live order book, 52 min ago | 8.42 bp | 107.9 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex no order-book sample | — | — | — | — | — |
Phemex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ANET on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ANETUSDT | 0.0000% | 8h | 206.76 | +0.029% | $138K | $415K | 20x | as long as short |
| Gate ANET_USDT | 0.0000% | 8h | 206.86 | +0.077% | $170K | $8K | 20x | as long as short |
| Bitget ANETUSDT | 0.0000% | 8h | 206.42 | −0.135% | $81K | $121K | 20x | as long as short |
| Phemex ANETUSDTshort | 0.0000% | 8h | 206.75 | +0.024% | $22K | $34K | 10x | |
| Injective ANET/USDC PERP | +0.0033% | 1h | 199.61 | −3.430% | $2K | $32K | 12x | as long as short |
| Bybit ANETUSDTlong | +0.0077% | 8h | 206.70 | long leg | $80K | $213K | 25x | |
| HTX ANET-USDT | +0.0100% | 8h | 206.98 | +0.135% | $3K | $41K | 20x | as long as short |
Binance ANETUSDT
Gate ANET_USDT
Bitget ANETUSDT
Injective ANET/USDC PERP
HTX ANET-USDT