Funding you earn now, next payment 08:00 UTC−0.0289%/8h= −31.7% APRnext payment −$2.89 per $10,000 · paid last 24h −0.073%
Price spread now: Phemex against Bybit−0.097%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$235as in the Price arb table
costs, in and out, $10k−$2292.293% of the position
Funding, last 7 days−0.267%−$27 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.097%, 7d avg −0.045%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Phemex is 0.052% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HYUNDAIUSDT | 267.25 | 0.0289 | pay 0.0289% / 8h | 3h 16m | $150K | $72K | 25x |
| Short | Phemex HYUNDAIUSDT | 266.99 | 0 | get 0.0000% / 8h | 3h 16m | $2.3M | $107K | 10x |
Bybit HYUNDAIUSDT
Phemex HYUNDAIUSDTFunding 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
- −$60.73
- Price spread: −0.097% → −0.045%
- −$5.24
- Slippage, 4 orders
- −$206.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$295.23
- Costs to cover
- 2.293%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 18 min ago; Phemex: live order book, 2 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 Bybit live order book, 18 min ago | 1.68 bp | 43.5 bp −$43 | 182.4 bp −$1,824 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.68 bp | 49.0 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
HYUNDAI on 12 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 HYUNDAIUSDT | 0.0000% | 4h | 266.93 | −0.121% | $10K | $1K | 20x | as long as short |
| Binance HYUNDAIUSDT | 0.0000% | 4h | 266.99 | −0.097% | $1.8M | $1.5M | 25x | as long as short |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 267.30 | +0.019% | $850K | $872K | 25x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 266.97 | −0.105% | $951 | $685K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 267.10 | −0.056% | $7K | $32K | 20x | as long as short |
| Phemex HYUNDAIUSDTshort | 0.0000% | 8h | 266.99 | −0.097% | $2.3M | $107K | 10x | |
| KuCoin HYUNDAIUSDTM | +0.0100% | 4h | 266.78 | −0.176% | $345K | $1.3M | 20x | as long as short |
| Bitget HYUNDAIUSDT | +0.0122% | 4h | 267.37 | +0.045% | $829K | $628K | 20x | as long as short |
| OKX HYUNDAI-USDT-SWAP | +0.0286% | 8h | 267.11 | −0.052% | $134K | $124K | 25x | as long as short |
| Bybit HYUNDAIUSDTlong | +0.0289% | 8h | 267.25 | long leg | $150K | $72K | 25x |
Aster HYUNDAIUSDT
Binance HYUNDAIUSDT
Gate HYUNDAI_USDT
SunX HYUNDAI-USDT
HTX HYUNDAI-USDT
KuCoin HYUNDAIUSDTM
Bitget HYUNDAIUSDT
OKX HYUNDAI-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HYUNDAI_USDT_Perp | +0.0788% | 4h | 267.16 | −0.034% | $2K | $136K | 10x | as long as short |
| tradeXYZ xyz:HYUNDAI | +0.1064% | 1h | 267.21 | −0.015% | $949K | $1.3M | 10x | as long as short |
GRVT HYUNDAI_USDT_Perp
tradeXYZ xyz:HYUNDAI