data as of
Settings8H · net · $10k
Funding arb /

SYN

all SYN markets
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Funding spread now, next payment 20:00 UTC−0.2978%/8h
next payment, per $10,000$14.89paid, last 24h−0.138%paid, last 5 days−0.816%to open and close $10k−$227
The current rate is far above what this pair has been paying: over the last 5 days it paid -0.816% in total (about -62.5% a year). A funding rate is set anew for every payment; at this rate the next one is about $14.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SYNUSDT0.25910.3078pay 0.1539% / 4h1h 37m$2.9M$677K5x
ShortPhemex SYNUSDT0.25790.0100get 0.0050% / 4h1h 37m$1.7M$1.6M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$625.35
Slippage, 4 orders
−$207.03
Fee Aster: 4 bp × 2 orders
−$8
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$852.38
Break-even
never at this rate
Slippage from Aster: live order book, 3 min ago; Phemex: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.459%
Avg gap 7d
−0.205%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 3 min ago9.62 bp111.7 bp −$112doesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago4.05 bp37.3 bp −$37doesn't fitdoesn't fitdoesn't fit

SYN on 8 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance SYNUSDT+0.0100%4h$13.3M$29.7M10xas long as short
MEXC SYN_USDT+0.0100%4h$3.6M$4.4M50xas long as short
Bitget SYNUSDT+0.0100%4h$1.5M$2.6M10xas long as short
BingX SYN-USDT+0.0100%4h$2.6Mas long as short
Orderly PERP_SYN_USDC_mythos+0.0100%4h$4K$36K10xas long as short
Phemex SYNUSDTshort+0.0100%4h$1.7M$1.6M50x
Kraken Futures PF_SYNUSD+0.1922%1h$216K$307K10xas long as short
Aster SYNUSDTlong+0.3078%4h$2.9M$677K5x