Funding you earn now, next payment 16:00 UTC+0.0425%/8h= +46.5% APRnext payment +$4.25 per $10,000 · paid last 24h +0.104%
Price spread now: Bybit against Phemex+0.053%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
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bybit is 0.053% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ANETUSDT | 205.79 | 0 | get 0.0000% / 8h | 4h 47m | $23K | $28K | 10x |
| Short | Bybit ANETUSDT | 205.90 | 0.0425 | get 0.0425% / 8h | 4h 47m | $79K | $208K | 25x |
Phemex ANETUSDT
Bybit ANETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $89.16
- Price spread: +0.053% → 0.000%
- $5.35
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $71.51
- Costs to cover
- 0.230%
- Break-even
- 1.4 days
Slippage unknown: Phemex: no order-book sample; Bybit: live order book, 49 min ago. 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 Phemex no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 49 min ago | 7.53 bp | 118.2 bp −$118 | doesn't fit | doesn't fit | doesn't fit |
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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ANET_USDT | 0.0000% | 8h | 205.99 | +0.097% | $166K | $5K | 20x | as long as short |
| Bitget ANETUSDT | 0.0000% | 8h | 205.14 | −0.316% | $81K | $83K | 20x | as long as short |
| Phemex ANETUSDTlong | 0.0000% | 8h | 205.79 | long leg | $23K | $28K | 10x | |
| Injective ANET/USDC PERP | +0.0033% | 1h | 199.61 | −3.003% | $2K | $32K | 12x | as long as short |
| Binance ANETUSDT | +0.0093% | 8h | 205.75 | −0.019% | $128K | $345K | 20x | as long as short |
| HTX ANET-USDT | +0.0100% | 8h | 206.24 | +0.219% | $3K | $39K | 20x | as long as short |
| Bybit ANETUSDTshort | +0.0425% | 8h | 205.90 | +0.053% | $79K | $208K | 25x |
Gate ANET_USDT
Bitget ANETUSDT
Injective ANET/USDC PERP
Binance ANETUSDT
HTX ANET-USDT