Funding you earn now, next payment 08:00 UTC−0.0531%/8h= −58.1% APRnext payment −$5.31 per $10,000 · paid last 24h +0.005%
Price spread now: Bitget against Phemex+0.292%46s7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1511.510% of the position
Funding, last 7 days+0.278%+$28 on $10k
+Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.292%, 7d avg +0.020%
=The price spread pays, funding is against you. Bitget is 0.273% dearer against Phemex than usual: you sell high and buy low (spread +0.292% now, against its 7-day average of +0.020%): +$27 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 41 hours. Mind the row above: over the last 7 days funding on this pair paid +0.278%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
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 −$5.31 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 | Phemex MVLLUSDT | 34.210 | 0 | get 0.0000% / 8h | 3h 30m | $1.7M | $1.1M | 10x |
| Short | Bitget MVLLUSDT | 34.310 | −0.0531 | pay 0.0531% / 8h | 3h 30m | $651K | $657K | 20x |
Phemex MVLLUSDT
Bitget MVLLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$111.51
- Price spread: +0.292% → +0.020%
- $27.26
- Slippage, 4 orders
- −$127.04
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$235.29
- Costs to cover
- 1.510%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Bitget: live order book, 20 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, 3 min ago | 11.72 bp | 46.7 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 20 min ago | 2.90 bp | 28.3 bp −$28 | 59.9 bp −$599 | 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 MVLLUSDTshort | −0.0531% | 8h | 34.310 | +0.292% | $651K | $657K | 20x | |
| Binance MVLLUSDT | 0.0000% | 8h | 34.270 | +0.176% | $3.4M | $39.7M | 20x | as long as short |
| Bybit MVLLUSDT | 0.0000% | 8h | 34.260 | +0.146% | $518K | $441K | 25x | as long as short |
| OKX MVLL-USDT-SWAP | 0.0000% | 8h | 34.310 | +0.292% | $841K | $1.2M | 10x | as long as short |
| Gate MVLL_USDT | 0.0000% | 8h | 34.270 | +0.175% | $521K | $1.6M | 25x | as long as short |
| MEXC MVLL_USDT | 0.0000% | 8h | 34.280 | +0.205% | $4.3M | $1.4M | 20x | as long as short |
| Phemex MVLLUSDTlong | 0.0000% | 8h | 34.210 | long leg | $1.7M | $1.1M | 10x | |
| KuCoin MVLLUSDTM | +0.0100% | 8h | 34.200 | −0.029% | $183K | $571K | 20x | as long as short |
| HTX MVLL-USDT | +0.0100% | 8h | 34.150 | −0.175% | $9K | $259K | 10x | as long as short |
Binance MVLLUSDT
Bybit MVLLUSDT
OKX MVLL-USDT-SWAP
Gate MVLL_USDT
MEXC MVLL_USDT
KuCoin MVLLUSDTM
HTX MVLL-USDT