Funding you earn now, next payment 08:00 UTC+0.1594%/8h= +174.5% APRnext payment +$15.94 per $10,000 · paid last 24h −0.005%
Price spread now: Phemex against Bitget−0.178%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$240as in the Funding arb table
Net, price: spread back to 7d avg − costs−$228as in the Price arb table
costs, in and out, $10k−$2122.124% of the position
Funding, last 7 days−0.278%−$28 on $10k
+Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.178%, 7d avg −0.022%
=Funding pays, the price is against you. Phemex is 0.156% cheaper against Bitget than usual: you would sell low and buy high (spread −0.178% now, against its 7-day average of −0.022%). If the spread goes back, that is −$16 on $10k: about 8 hours of funding at the current rate (+$48 a day). Mind the row above: over the last 7 days funding on this pair cost −0.278%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.278% in total (about -14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$15.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MVLLUSDT | 33.660 | −0.1594 | get 0.1594% / 8h | 22m 47s | $805K | $957K | 20x |
| Short | Phemex MVLLUSDT | 33.600 | 0 | get 0.0000% / 8h | 22m 47s | $1.7M | $1.3M | 10x |
Bitget MVLLUSDT
Phemex MVLLUSDTFunding 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
- $334.74
- Price spread: −0.178% → −0.022%
- −$15.61
- Slippage, 4 orders
- −$188.36
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $106.77
- Costs to cover
- 2.124%
- Break-even
- 4.8 days
Slippage from Bitget: live order book, 13 min ago; Phemex: live order book, 5 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, 13 min ago | 2.96 bp | 34.6 bp −$35 | 47.3 bp −$473 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 7.43 bp | 49.1 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
MVLL on 9 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 MVLLUSDTlong | −0.1594% | 8h | 33.660 | long leg | $805K | $957K | 20x | |
| Binance MVLLUSDT | 0.0000% | 8h | 33.603 | −0.169% | $3.4M | $41.6M | 20x | as long as short |
| Bybit MVLLUSDT | 0.0000% | 8h | 33.580 | −0.238% | $504K | $428K | 25x | as long as short |
| OKX MVLL-USDT-SWAP | 0.0000% | 8h | 33.600 | −0.178% | $799K | $1.3M | 10x | as long as short |
| Gate MVLL_USDT | 0.0000% | 8h | 33.600 | −0.178% | $497K | $1.6M | 25x | as long as short |
| MEXC MVLL_USDT | 0.0000% | 8h | 33.610 | −0.149% | $4.5M | $1.5M | 20x | as long as short |
| Phemex MVLLUSDTshort | 0.0000% | 8h | 33.600 | −0.178% | $1.7M | $1.3M | 10x | |
| KuCoin MVLLUSDTM | +0.0100% | 8h | 33.590 | −0.208% | $180K | $494K | 20x | as long as short |
| HTX MVLL-USDT | +0.0100% | 8h | 33.600 | −0.178% | $8K | $271K | 10x | as long as short |
Binance MVLLUSDT
Bybit MVLLUSDT
OKX MVLL-USDT-SWAP
Gate MVLL_USDT
MEXC MVLL_USDT
KuCoin MVLLUSDTM
HTX MVLL-USDT