Funding you earn now, next payment 08:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.93 per $10,000 · paid last 24h +0.073%
Price spread now: Bybit against Phemex+0.120%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$311as in the Funding arb table
Net, price: spread back to 7d avg − costs−$330as in the Price arb table
costs, in and out, $10k−$3383.377% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.120%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.076% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HYUNDAIUSDT | 266.30 | 0 | get 0.0000% / 8h | 2h 11m | $2.3M | $110K | 10x |
| Short | Bybit HYUNDAIUSDT | 266.62 | 0.0093 | get 0.0093% / 8h | 2h 11m | $148K | $76K | 25x |
Phemex HYUNDAIUSDT
Bybit HYUNDAIUSDTFunding 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
- $19.54
- Price spread: +0.120% → +0.044%
- $7.64
- Slippage, 4 orders
- −$314.67
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$310.49
- Costs to cover
- 3.377%
- Break-even
- 118.2 days
Slippage from Phemex: live order book, 2 min ago; Bybit: live order book, 19 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 Phemex live order book, 2 min ago | 1.32 bp | 47.0 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 19 min ago | 3.20 bp | 110.0 bp −$110 | 192.6 bp −$1,926 | 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 | 266.45 | +0.057% | $10K | $1K | 20x | as long as short |
| Binance HYUNDAIUSDT | 0.0000% | 4h | 266.37 | +0.026% | $1.7M | $1.6M | 25x | as long as short |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 266.20 | −0.038% | $653K | $1.0M | 25x | as long as short |
| Bitget HYUNDAIUSDT | 0.0000% | 4h | 266.43 | +0.049% | $838K | $729K | 20x | as long as short |
| GRVT HYUNDAI_USDT_Perp | 0.0000% | 4h | 265.52 | −0.292% | $2K | $133K | 10x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 266.27 | −0.011% | $952 | $561K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 265.73 | −0.214% | $7K | $32K | 20x | as long as short |
| Phemex HYUNDAIUSDTlong | 0.0000% | 8h | 266.30 | long leg | $2.3M | $110K | 10x | |
| Bybit HYUNDAIUSDTshort | +0.0093% | 8h | 266.62 | +0.120% | $148K | $76K | 25x | |
| KuCoin HYUNDAIUSDTM | +0.0100% | 4h | 266.05 | −0.094% | $318K | $1.3M | 20x | as long as short |
Aster HYUNDAIUSDT
Binance HYUNDAIUSDT
Gate HYUNDAI_USDT
Bitget HYUNDAIUSDT
GRVT HYUNDAI_USDT_Perp
SunX HYUNDAI-USDT
HTX HYUNDAI-USDT
KuCoin HYUNDAIUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:HYUNDAI | +0.0120% | 1h | 266.43 | +0.049% | $974K | $1.4M | 10x | as long as short |
| OKX HYUNDAI-USDT-SWAP | +0.0176% | 8h | 266.18 | −0.045% | $129K | $140K | 25x | as long as short |
tradeXYZ xyz:HYUNDAI
OKX HYUNDAI-USDT-SWAP