Funding you earn now, next payment 12:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.76 per $10,000 · paid last 24h −0.011%
Price spread now: Bitget against BingX−0.082%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1341.339% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 7 days+0.158%+$16 · spread now −0.082%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.079% cheaper against BingX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SYN-USDT | 0.2449 | 0.0252 | pay 0.0126% / 4h | 3h 22m | — | $3.3M | — |
| Short | Bitget SYNUSDT | 0.2447 | 0.0100 | get 0.0050% / 4h | 3h 22m | $1.4M | $3.1M | 10x |
BingX SYN-USDT
Bitget SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$31.92
- Price spread: −0.082% → −0.003%
- −$7.91
- Slippage, 4 orders
- −$111.94
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$173.77
- Costs to cover
- 1.339%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Bitget: live order book, 5 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 BingX live order book, 11 min ago | 8.99 bp | 37.8 bp −$38 | 148.9 bp −$1,489 | 858.8 bp −$85.9K | doesn't fit |
| Sell Bitget live order book, 5 min ago | 8.57 bp | 34.0 bp −$34 | 169.6 bp −$1,696 | doesn't fit | doesn't fit |
SYN on 8 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_SYNUSD | −0.0387% | 1h | 0.2444 | −0.209% | $153K | $852K | 10x | as long as short |
| Bitget SYNUSDTshort | +0.0100% | 4h | 0.2447 | −0.082% | $1.4M | $3.1M | 10x | |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2447 | −0.078% | $3K | $35K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2450 | +0.041% | $1.6M | $1.9M | 50x | as long as short |
| MEXC SYN_USDT | +0.0244% | 4h | 0.2450 | +0.024% | $3.1M | $8.1M | 50x | as long as short |
| Binance SYNUSDT | +0.0244% | 4h | 0.2449 | −0.012% | $12.2M | $43.2M | 10x | as long as short |
| BingX SYN-USDTlong | +0.0252% | 4h | 0.2449 | long leg | — | $3.3M | — | |
| Aster SYNUSDT | +0.1192% | 4h | 0.2451 | +0.065% | $2.8M | $992K | 5x | as long as short |
Kraken Futures PF_SYNUSD
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
MEXC SYN_USDT
Binance SYNUSDT
Aster SYNUSDT