Funding you earn now, next payment 20:00 UTC−0.0024%/8hnext payment −$0.12 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against BingX−0.340%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1511.505% of the position
Funding, last 5 days (all we have)+0.079%+$8 on $10k
+Price spread, last 3 days (all we have)+0.234%+$23 · spread now −0.340%, 7d avg −0.058%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.282% cheaper against BingX than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.058%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.079%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SYN-USDT | 0.2645 | 0.0124 | pay 0.0062% / 4h | 5m 52s | — | $2.9M | — |
| Short | Phemex SYNUSDT | 0.2636 | 0.0100 | get 0.0050% / 4h | 5m 52s | $1.7M | $1.7M | 50x |
BingX SYN-USDT
Phemex SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$5.04
- Price spread: −0.340% → −0.058%
- −$28.21
- Slippage, 4 orders
- −$128.52
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$183.77
- Costs to cover
- 1.505%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Phemex: live order book, 2 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, 3 min ago | 7.70 bp | 30.1 bp −$30 | 139.0 bp −$1,390 | 606.6 bp −$60.7K | doesn't fit |
| Sell Phemex live order book, 2 min ago | 7.90 bp | 41.7 bp −$42 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SYNUSDT | +0.0100% | 4h | 0.2649 | +0.144% | $1.6M | $2.9M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2639 | −0.223% | $5K | $35K | 10x | as long as short |
| Phemex SYNUSDTshort | +0.0100% | 4h | 0.2636 | −0.340% | $1.7M | $1.7M | 50x | |
| BingX SYN-USDTlong | +0.0124% | 4h | 0.2645 | long leg | — | $2.9M | — | |
| MEXC SYN_USDT | +0.0126% | 4h | 0.2644 | −0.034% | $3.9M | $5.7M | 50x | as long as short |
| Binance SYNUSDT | +0.0130% | 4h | 0.2643 | −0.068% | $13.6M | $35.4M | 10x | as long as short |
| Kraken Futures PF_SYNUSD | +0.1779% | 1h | 0.2634 | −0.417% | $221K | $412K | 10x | as long as short |
| Aster SYNUSDT | +0.2149% | 4h | 0.2641 | −0.134% | $2.9M | $739K | 5x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
MEXC SYN_USDT
Binance SYNUSDT
Kraken Futures PF_SYNUSD
Aster SYNUSDT