Funding you earn now, next payment 08:00 UTC+0.1439%/8h= +157.5% APRnext payment +$14.39 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bybit−0.057%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1541.538% of the position
Funding, last 7 days−0.355%−$36 on $10k
+Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.057%, 7d avg +0.011%
=Funding pays, the price is against you. Phemex is 0.068% cheaper against Bybit than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.011%). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$43 a day). Mind the row above: over the last 7 days funding on this pair cost −0.355%, 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 -0.355% in total (about -18.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.39 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 SNXXUSDT | 17.580 | −0.1439 | get 0.1439% / 8h | 2h 49m | $3.6M | $19.1M | 50x |
| Short | Phemex SNXXUSDT | 17.570 | 0 | get 0.0000% / 8h | 2h 49m | $1.6M | $1.5M | 20x |
Bybit SNXXUSDT
Phemex SNXXUSDTFunding 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
- $302.15
- Price spread: −0.057% → +0.011%
- −$6.83
- Slippage, 4 orders
- −$130.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $141.55
- Costs to cover
- 1.538%
- Break-even
- 3.7 days
Slippage from Bybit: live order book, 4 min ago; Phemex: live order book, 3 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 | 2.85 bp | 13.6 bp −$14 | 24.4 bp −$244 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 8.52 bp | 63.9 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
SNXX on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SNXX | −0.2182% | 1h | 17.561 | −0.108% | $144K | $752K | 10x | as long as short |
| Bybit SNXXUSDTlong | −0.1439% | 8h | 17.580 | long leg | $3.6M | $19.1M | 50x | |
| HTX SNXX-USDT | −0.0878% | 8h | 17.580 | 0.000% | $9K | $5K | 10x | as long as short |
| BloFin SNXX-USDT | −0.0757% | 8h | 17.600 | +0.114% | $282K | $282K | 25x | as long as short |
| MEXC SNXX_USDT | −0.0730% | 8h | 17.570 | −0.057% | $9.1M | $7.7M | 50x | as long as short |
| Binance SNXXUSDT | −0.0730% | 8h | 17.580 | −0.002% | $31.0M | $474.7M | 25x | as long as short |
| KuCoin SNXXUSDTM | −0.0574% | 8h | 17.560 | −0.114% | $207K | $269K | 20x | as long as short |
| edgeX SNXXUSDC | −0.0511% | 4h | 17.563 | −0.094% | $54K | $403K | 10x | as long as short |
| Bitget SNXXUSDT | −0.0484% | 8h | 17.569 | −0.063% | $3.9M | $40.2M | 20x | as long as short |
| Orderly PERP_SNXX_USDC_mythos | −0.0260% | 8h | 17.580 | 0.000% | $1K | $2K | 10x | as long as short |
tradeXYZ xyz:SNXX
HTX SNXX-USDT
BloFin SNXX-USDT
MEXC SNXX_USDT
Binance SNXXUSDT
KuCoin SNXXUSDTM
edgeX SNXXUSDC
Bitget SNXXUSDT
Orderly PERP_SNXX_USDC_mythosShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SNXX-USDT-SWAP | −0.0197% | 8h | 17.580 | 0.000% | $5.1M | $63.5M | 25x | as long as short |
| SunX SNXX-USDT | −0.0114% | 8h | 17.580 | 0.000% | — | $4.6M | 10x | as long as short |
| Aster SNXXUSDT | −0.0076% | 8h | 17.572 | −0.047% | $52K | $490K | 20x | as long as short |
| Gate SNXX_USDT | 0.0000% | 8h | 17.574 | −0.034% | $4.2M | $18.3M | 50x | as long as short |
| Phemex SNXXUSDTshort | 0.0000% | 8h | 17.570 | −0.057% | $1.6M | $1.5M | 20x |
OKX SNXX-USDT-SWAP
SunX SNXX-USDT
Aster SNXXUSDT
Gate SNXX_USDT