Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bitget−0.049%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1211.211% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 3 days (all we have)−0.023%−$2 · spread now −0.049%, 7d avg −0.092%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.043% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.092%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget IONQUSDT | 40.740 | 0 | get 0.0000% / 8h | 6h 01m | $1.5M | $401K | 20x |
| Short | Phemex IONQUSDT | 40.720 | 0 | get 0.0000% / 8h | 6h 01m | $700K | $109K | 20x |
Bitget IONQUSDT
Phemex IONQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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: −0.049% → −0.092%
- $4.29
- Slippage, 4 orders
- −$97.1
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$116.82
- Costs to cover
- 1.211%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 9.82 bp | 19.7 bp −$20 | 74.1 bp −$741 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 4.91 bp | 42.6 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
IONQ on 11 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 IONQUSDC | −0.0344% | 4h | 40.712 | −0.069% | $1K | $187K | 10x | as long as short |
| Binance IONQUSDT | 0.0000% | 8h | 40.729 | −0.026% | $728K | $1.4M | 20x | as long as short |
| Bybit IONQUSDT | 0.0000% | 8h | 40.740 | 0.000% | $682K | $265K | 25x | as long as short |
| OKX IONQ-USDT-SWAP | 0.0000% | 8h | 40.730 | −0.025% | $134K | $277K | 20x | as long as short |
| QFEX IONQ-USD | 0.0000% | 1h | 40.700 | −0.098% | $1.1M | $566K | 10x | as long as short |
| Gate IONQ_USDT | 0.0000% | 8h | 40.720 | −0.049% | $508K | $519K | 20x | as long as short |
| Bitget IONQUSDTlong | 0.0000% | 8h | 40.740 | long leg | $1.5M | $401K | 20x | |
| HTX IONQ-USDT | 0.0000% | 8h | 40.740 | 0.000% | $7K | $19K | 10x | as long as short |
| Phemex IONQUSDTshort | 0.0000% | 8h | 40.720 | −0.049% | $700K | $109K | 20x | |
| KuCoin IONQUSDTM | +0.0100% | 8h | 40.810 | +0.172% | $37K | $2.9M | 20x | as long as short |
edgeX IONQUSDC
Binance IONQUSDT
Bybit IONQUSDT
OKX IONQ-USDT-SWAP
QFEX IONQ-USD
Gate IONQ_USDT
HTX IONQ-USDT
KuCoin IONQUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:IONQ | +0.0555% | 1h | 40.717 | −0.056% | $47K | $176K | 10x | as long as short |
Entropy io:IONQ