Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.45 per $10,000 · paid last 24h −0.017%
Price spread now: Phemex against Binance−0.082%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$247as in the Funding arb table
Net, price: spread back to 7d avg − costs−$247as in the Price arb table
costs, in and out, $10k−$2462.456% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 2 days (all we have)+0.018%+$2 · spread now −0.082%, 7d avg −0.072%
=The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DJTUSDT | 9.1375 | 0.0045 | pay 0.0045% / 8h | 7h 03m | $472K | $1.2M | 20x |
| Short | Phemex DJTUSDT | 9.1300 | 0 | get 0.0000% / 8h | 7h 03m | $449K | $86K | 20x |
Binance DJTUSDT
Phemex DJTUSDTFunding 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
- −$9.49
- Price spread: −0.082% → −0.072%
- −$0.98
- Slippage, 4 orders
- −$223.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$256.07
- Costs to cover
- 2.456%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Phemex: live order book, 4 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, 15 min ago | 0.55 bp | 24.6 bp −$25 | 99.5 bp −$995 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 10.94 bp | 91.6 bp −$92 | doesn't fit | doesn't fit | doesn't fit |
DJT 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX DJTUSDC | −0.0138% | 4h | 9.1440 | +0.071% | $136 | $238K | 10x | as long as short |
| Bybit DJTUSDT | 0.0000% | 8h | 9.1490 | +0.126% | $48K | $71K | 25x | as long as short |
| QFEX DJT-USD | 0.0000% | 1h | 9.1400 | +0.027% | $1.2M | $132K | 10x | as long as short |
| Gate DJT_USDT | 0.0000% | 8h | 9.1540 | +0.180% | $20K | $3K | 20x | as long as short |
| Bitget DJTUSDT | 0.0000% | 8h | 9.1400 | +0.027% | $87K | $816K | 20x | as long as short |
| HTX DJT-USDT | 0.0000% | 8h | 9.1400 | +0.027% | $6K | $78K | 20x | as long as short |
| Phemex DJTUSDTshort | 0.0000% | 8h | 9.1300 | −0.082% | $449K | $86K | 20x | |
| Binance DJTUSDTlong | +0.0045% | 8h | 9.1375 | long leg | $472K | $1.2M | 20x |
edgeX DJTUSDC
Bybit DJTUSDT
QFEX DJT-USD
Gate DJT_USDT
Bitget DJTUSDT
HTX DJT-USDT