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 Bybit+0.025%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1401.404% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.025%, 7d avg +0.067%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.042% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.067%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IONQUSDT | 40.210 | 0 | get 0.0000% / 8h | 1h 49m | $678K | $255K | 25x |
| Short | Phemex IONQUSDT | 40.220 | 0 | get 0.0000% / 8h | 1h 49m | $694K | $102K | 20x |
Bybit IONQUSDT
Phemex IONQUSDTFunding 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
- $0
- Price spread: +0.025% → +0.067%
- −$4.24
- Slippage, 4 orders
- −$117.44
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$144.68
- Costs to cover
- 1.404%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 51 min ago; Phemex: live order book, 58 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, 51 min ago | 3.73 bp | 23.2 bp −$23 | 485.6 bp −$4,856 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 58 min ago | 4.95 bp | 36.2 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
IONQ 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget IONQUSDT | −0.0332% | 8h | 40.250 | +0.099% | $1.5M | $418K | 20x | as long as short |
| Binance IONQUSDT | 0.0000% | 8h | 40.200 | −0.025% | $738K | $1.3M | 20x | as long as short |
| Bybit IONQUSDTlong | 0.0000% | 8h | 40.210 | long leg | $678K | $255K | 25x | |
| OKX IONQ-USDT-SWAP | 0.0000% | 8h | 40.200 | −0.025% | $132K | $267K | 20x | as long as short |
| QFEX IONQ-USD | 0.0000% | 1h | 40.170 | −0.099% | $1.1M | $530K | 10x | as long as short |
| Gate IONQ_USDT | 0.0000% | 8h | 40.220 | +0.025% | $479K | $497K | 20x | as long as short |
| HTX IONQ-USDT | 0.0000% | 8h | 40.150 | −0.149% | $7K | $17K | 10x | as long as short |
| Phemex IONQUSDTshort | 0.0000% | 8h | 40.220 | +0.025% | $694K | $102K | 20x | |
| BloFin IONQ-USDT | +0.0007% | 8h | 40.220 | +0.025% | $49K | $9K | 20x | as long as short |
| KuCoin IONQUSDTM | +0.0100% | 8h | 40.320 | +0.274% | $35K | $2.9M | 20x | as long as short |
Bitget IONQUSDT
Binance IONQUSDT
OKX IONQ-USDT-SWAP
QFEX IONQ-USD
Gate IONQ_USDT
HTX IONQ-USDT
BloFin IONQ-USDT
KuCoin IONQUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:IONQ | +0.0905% | 1h | 40.200 | −0.025% | $42K | $186K | 10x | as long as short |
| edgeX IONQUSDC | +0.0912% | 4h | 40.202 | −0.021% | $1K | $188K | 10x | as long as short |
Entropy io:IONQ
edgeX IONQUSDC