Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Binance−0.099%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1191.190% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 2 days (all we have)+0.472%+$47 · spread now −0.099%, 7d avg +0.059%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.158% cheaper against Binance than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CSCOUSDT | 111.52 | 0 | get 0.0000% / 8h | 7h 02m | $725K | $527K | 20x |
| Short | Phemex CSCOUSDT | 111.41 | 0 | get 0.0000% / 8h | 7h 02m | $1.3M | $41K | 10x |
Binance CSCOUSDT
Phemex CSCOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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: −0.099% → +0.059%
- −$15.78
- Slippage, 4 orders
- −$97.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$134.8
- Costs to cover
- 1.190%
- Break-even
- never at this rate
Slippage from Binance: live order book, 60 min ago; Phemex: 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 Binance live order book, 60 min ago | 2.69 bp | 19.4 bp −$19 | 66.5 bp −$665 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 1.79 bp | 36.6 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
CSCO on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CSCOUSDT | 0.0000% | 8h | 111.27 | −0.223% | $4K | $6K | 20x | as long as short |
| Binance CSCOUSDTlong | 0.0000% | 8h | 111.52 | long leg | $725K | $527K | 20x | |
| Bybit CSCOUSDT | 0.0000% | 8h | 111.33 | −0.170% | $409K | $34K | 25x | as long as short |
| OKX CSCO-USDT-SWAP | 0.0000% | 8h | 111.38 | −0.126% | $268K | $161K | 20x | as long as short |
| Gate CSCO_USDT | 0.0000% | 8h | 111.31 | −0.188% | $304K | $9K | 25x | as long as short |
| Bitget CSCOUSDT | 0.0000% | 8h | 111.37 | −0.135% | $320K | $84K | 20x | as long as short |
| Variational Omni CSCO | 0.0000% | 8h | 111.40 | −0.106% | $36K | $43K | — | as long as short |
| GRVT CSCO_USDT_Perp | 0.0000% | 8h | 111.38 | −0.128% | $473 | $156K | 10x | as long as short |
| SunX CSCO-USDT | 0.0000% | 8h | 111.51 | −0.009% | $1K | $1.5M | 10x | as long as short |
| HTX CSCO-USDT | 0.0000% | 8h | 111.49 | −0.027% | $6K | $3K | 10x | as long as short |
Aster CSCOUSDT
Bybit CSCOUSDT
OKX CSCO-USDT-SWAP
Gate CSCO_USDT
Bitget CSCOUSDT
Variational Omni CSCO
GRVT CSCO_USDT_Perp
SunX CSCO-USDT
HTX CSCO-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex CSCOUSDTshort | 0.0000% | 8h | 111.41 | −0.099% | $1.3M | $41K | 10x | |
| KuCoin CSCOUSDTM | +0.0100% | 8h | 111.30 | −0.197% | $328K | $915K | 20x | as long as short |
| Extended CSCO_24_5-USD | +0.0104% | 1h | 111.27 | −0.229% | $232K | $2K | 10x | as long as short |
KuCoin CSCOUSDTM
Extended CSCO_24_5-USD