Funding you earn now, next payment 16:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.65 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bybit+0.309%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1861.856% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)−0.568%−$57 · spread now +0.309%, 7d avg −0.003%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phemex is 0.311% dearer against Bybit than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of −0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.119%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MVLLUSDT | 32.390 | −0.0065 | get 0.0065% / 8h | 7h 30m | $470K | $479K | 25x |
| Short | Phemex MVLLUSDT | 32.490 | 0 | get 0.0000% / 8h | 7h 30m | $1.6M | $1.2M | 10x |
Bybit MVLLUSDT
Phemex MVLLUSDTFunding 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
- $13.68
- Price spread: +0.309% → −0.003%
- $31.13
- Slippage, 4 orders
- −$162.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$140.84
- Costs to cover
- 1.856%
- Break-even
- 79.1 days
Slippage from Bybit: live order book, 59 min ago; Phemex: live order book, 2 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, 59 min ago | 4.46 bp | 82.8 bp −$83 | 227.3 bp −$2,273 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 6.13 bp | 44.0 bp −$44 | 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 MVLLUSDT | −0.1417% | 8h | 32.450 | +0.185% | $820K | $1.0M | 20x | as long as short |
| Bybit MVLLUSDTlong | −0.0065% | 8h | 32.390 | long leg | $470K | $479K | 25x | |
| Binance MVLLUSDT | 0.0000% | 8h | 32.372 | −0.055% | $3.3M | $43.2M | 20x | as long as short |
| OKX MVLL-USDT-SWAP | 0.0000% | 8h | 32.370 | −0.062% | $702K | $1.8M | 10x | as long as short |
| Gate MVLL_USDT | 0.0000% | 8h | 32.430 | +0.123% | $464K | $1.6M | 25x | as long as short |
| MEXC MVLL_USDT | 0.0000% | 8h | 32.440 | +0.154% | $4.4M | $1.5M | 20x | as long as short |
| Phemex MVLLUSDTshort | 0.0000% | 8h | 32.490 | +0.309% | $1.6M | $1.2M | 10x | |
| KuCoin MVLLUSDTM | +0.0100% | 8h | 32.470 | +0.247% | $175K | $528K | 20x | as long as short |
| HTX MVLL-USDT | +0.0100% | 8h | 32.490 | +0.309% | $8K | $273K | 10x | as long as short |
Bitget MVLLUSDT
Binance MVLLUSDT
OKX MVLL-USDT-SWAP
Gate MVLL_USDT
MEXC MVLL_USDT
KuCoin MVLLUSDTM
HTX MVLL-USDT