Funding you earn now, next payment 08:00 UTC+0.0300%/8h= +32.9% APRnext payment +$3.00 per $10,000 · paid last 24h +0.131%
Price spread now: Phemex against Bybit−0.083%53s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as 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−$1301.297% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.083%, 7d avg −0.020%
=Funding pays, the price is against you. Phemex is 0.063% cheaper against Bybit than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.020%). If the spread goes back, that is −$6 on $10k: about 17 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.082% in total) that is about 5.4 days. The two prices were read 53 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 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.00 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 | Bybit SAMSUNGUSDT | 205.13 | −0.0300 | get 0.0300% / 8h | 2h 49m | $7.6M | $15.1M | 100x |
| Short | Phemex SAMSUNGUSDT | 204.96 | 0 | get 0.0000% / 8h | 2h 49m | $2.7M | $1.2M | 10x |
Bybit SAMSUNGUSDT
Phemex SAMSUNGUSDTFunding 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
- $63.01
- Price spread: −0.083% → −0.020%
- −$6.26
- Slippage, 4 orders
- −$106.7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$72.96
- Costs to cover
- 1.297%
- Break-even
- 15.1 days
Slippage from Bybit: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago | 0.49 bp | 8.0 bp −$8 | 13.3 bp −$133 | 152.6 bp −$15.3K | doesn't fit |
| Sell Phemex live order book, 4 min ago | 2.20 bp | 65.6 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
SAMSUNG on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SAMSUNGUSD | −0.0955% | 1h | 205.06 | −0.036% | $46K | $17K | 20x | as long as short |
| tradeXYZ xyz:SMSN | −0.0882% | 1h | 204.96 | −0.083% | $44.1M | $45.9M | 10x | as long as short |
| edgeX SAMSUNGUSDC | −0.0341% | 4h | 204.92 | −0.104% | $252K | $350K | 10x | as long as short |
| Aftermath Perps SAMSUNGUSD | −0.0340% | 1h | 204.95 | −0.089% | $886 | $31K | 5x | as long as short |
| Bybit SAMSUNGUSDTlong | −0.0300% | 8h | 205.13 | long leg | $7.6M | $15.1M | 100x | |
| OKX SAMSUNG-USDT-SWAP | −0.0273% | 8h | 205.00 | −0.063% | $6.2M | $22.6M | 25x | as long as short |
| GRVT SAMSUNG_USDT_Perp | −0.0248% | 4h | 205.25 | +0.059% | $25K | $188K | 10x | as long as short |
| Ondo Perps SMSN-USD.P | −0.0175% | 1h | 204.79 | −0.166% | $318K | $255K | 10x | as long as short |
| Polymarket Perps SAMSUNG-USD | −0.0163% | 1h | 205.08 | −0.024% | $45K | $55K | 10x | as long as short |
| Aster SAMSUNGUSDT | 0.0000% | 4h | 205.34 | +0.103% | $106K | $123K | 50x | as long as short |
Kraken Futures PF_SAMSUNGUSD
tradeXYZ xyz:SMSN
edgeX SAMSUNGUSDC
Aftermath Perps SAMSUNGUSD
OKX SAMSUNG-USDT-SWAP
GRVT SAMSUNG_USDT_Perp
Ondo Perps SMSN-USD.P
Polymarket Perps SAMSUNG-USD
Aster SAMSUNGUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SAMSUNG-USD | 0.0000% | 1h | 205.13 | −0.001% | $193K | $71K | 10x | as long as short |
| Binance SAMSUNGUSDT | 0.0000% | 4h | 205.18 | +0.022% | $24.8M | $157.2M | 25x | as long as short |
| Gate SAMSUNG_USDT | 0.0000% | 4h | 205.25 | +0.058% | $11.4M | $25.4M | 75x | as long as short |
| Bitget SAMSUNGUSDT | 0.0000% | 4h | 205.22 | +0.044% | $4.5M | $15.4M | 20x | as long as short |
| SunX SAMSUNG-USDT | 0.0000% | 4h | 205.12 | −0.005% | $939 | $788K | 10x | as long as short |
| HTX SAMSUNG-USDT | 0.0000% | 4h | 204.88 | −0.122% | $67K | $102K | 20x | as long as short |
| Phemex SAMSUNGUSDTshort | 0.0000% | 8h | 204.96 | −0.083% | $2.7M | $1.2M | 10x | |
| BloFin SAMSUNG-USDT | +0.0027% | 4h | 205.21 | +0.039% | $336K | $228K | 25x | as long as short |
| SoDEX SAMSUNG-USD | +0.0050% | 1h | 205.10 | −0.015% | $3K | $3K | 10x | as long as short |
| Pacifica SAMSUNG | +0.0100% | 1h | 205.11 | −0.009% | $85K | $31K | 10x | as long as short |
| KuCoin SAMSUNGUSDTM | +0.0100% | 4h | 205.23 | +0.049% | $561K | $66K | 20x | as long as short |
| ApeX Omni SAMSUNGUSDT | +0.0100% | 1h | 205.54 | +0.200% | $5K | $139K | 50x | as long as short |
| Orderly PERP_SAMSUNG_USDC_mythos | +0.0100% | 8h | 205.39 | +0.127% | $3K | $545 | 10x | as long as short |
| Aevo SMSN-PERP | +0.0176% | 1h | 205.19 | +0.030% | $32K | — | 10x | as long as short |
Extended SAMSUNG-USD
Binance SAMSUNGUSDT
Gate SAMSUNG_USDT
Bitget SAMSUNGUSDT
SunX SAMSUNG-USDT
HTX SAMSUNG-USDT
BloFin SAMSUNG-USDT
SoDEX SAMSUNG-USD
Pacifica SAMSUNG
KuCoin SAMSUNGUSDTM
ApeX Omni SAMSUNGUSDT
Orderly PERP_SAMSUNG_USDC_mythos
Aevo SMSN-PERP