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: Binance against Phemex−0.049%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1121.117% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.049%, 7d avg −0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.026% cheaper against Phemex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex IONQUSDT | 40.860 | 0 | get 0.0000% / 8h | 4h 18m | $703K | $100K | 20x |
| Short | Binance IONQUSDT | 40.840 | 0 | get 0.0000% / 8h | 4h 18m | $731K | $1.2M | 20x |
Phemex IONQUSDT
Binance IONQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: −0.049% → −0.023%
- −$2.61
- Slippage, 4 orders
- −$89.74
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$114.35
- Costs to cover
- 1.117%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 39 min ago; Binance: live order book, 14 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, 39 min ago | 2.45 bp | 38.9 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 3.67 bp | 19.3 bp −$19 | 68.7 bp −$687 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX IONQUSDC | −0.0800% | 4h | 40.820 | −0.097% | $1K | $187K | 10x | as long as short |
| Binance IONQUSDTshort | 0.0000% | 8h | 40.840 | −0.049% | $731K | $1.2M | 20x | |
| Bybit IONQUSDT | 0.0000% | 8h | 40.830 | −0.073% | $684K | $249K | 25x | as long as short |
| OKX IONQ-USDT-SWAP | 0.0000% | 8h | 40.840 | −0.049% | $134K | $271K | 20x | as long as short |
| QFEX IONQ-USD | 0.0000% | 1h | 40.800 | −0.147% | $1.1M | $523K | 10x | as long as short |
| Gate IONQ_USDT | 0.0000% | 8h | 40.850 | −0.024% | $509K | $490K | 20x | as long as short |
| Bitget IONQUSDT | 0.0000% | 8h | 40.820 | −0.098% | $1.5M | $377K | 20x | as long as short |
| HTX IONQ-USDT | 0.0000% | 8h | 40.800 | −0.147% | $7K | $18K | 10x | as long as short |
| Phemex IONQUSDTlong | 0.0000% | 8h | 40.860 | long leg | $703K | $100K | 20x | |
| BloFin IONQ-USDT | +0.0006% | 8h | 40.890 | +0.073% | $49K | $6K | 20x | as long as short |
edgeX IONQUSDC
Bybit IONQUSDT
OKX IONQ-USDT-SWAP
QFEX IONQ-USD
Gate IONQ_USDT
Bitget IONQUSDT
HTX IONQ-USDT
BloFin IONQ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:IONQ | +0.0048% | 1h | 40.777 | −0.203% | $45K | $173K | 10x | as long as short |
| KuCoin IONQUSDTM | +0.0100% | 8h | 40.920 | +0.147% | $39K | $2.9M | 20x | as long as short |
Entropy io:IONQ
KuCoin IONQUSDTM