Funding you earn now, next payment 08:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.53 per $10,000 · paid last 24h −0.005%
Price spread now: Phemex against MEXC+0.136%50s7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$930.929% of the position
Funding, last 5 days (all we have)+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)−0.320%−$32 · spread now +0.136%, 7d avg −0.023%
=The price spread pays, funding is against you. Phemex is 0.159% dearer against MEXC than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of −0.023%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.0 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SYN_USDT | 0.2418 | 0.0206 | pay 0.0103% / 4h | 3h 20m | $3.0M | $7.7M | 50x |
| Short | Phemex SYNUSDT | 0.2421 | 0.0100 | get 0.0050% / 4h | 3h 20m | $1.6M | $1.8M | 50x |
MEXC SYN_USDT
Phemex SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against MEXC. 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
- −$22.26
- Price spread: +0.136% → −0.023%
- $15.91
- Slippage, 4 orders
- −$80.86
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$99.21
- Costs to cover
- 0.929%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 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 MEXC live order book, 2 min ago | 4.13 bp | 6.7 bp −$7 | 43.8 bp −$438 | 355.4 bp −$35.5K | 597.8 bp −$298.9K |
| Sell Phemex live order book, 3 min ago | 4.33 bp | 35.3 bp −$35 | 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 | 0.2420 | +0.087% | $1.3M | $3.2M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2424 | +0.236% | $4K | $37K | 10x | as long as short |
| Phemex SYNUSDTshort | +0.0100% | 4h | 0.2421 | +0.136% | $1.6M | $1.8M | 50x | |
| BingX SYN-USDT | +0.0186% | 4h | 0.2420 | +0.066% | — | $3.2M | — | as long as short |
| MEXC SYN_USDTlong | +0.0206% | 4h | 0.2418 | long leg | $3.0M | $7.7M | 50x | |
| Binance SYNUSDT | +0.0210% | 4h | 0.2419 | +0.042% | $12.1M | $42.4M | 10x | as long as short |
| Kraken Futures PF_SYNUSD | +0.1592% | 1h | 0.2425 | +0.290% | $192K | $714K | 10x | as long as short |
| Aster SYNUSDT | +0.1910% | 4h | 0.2426 | +0.311% | $2.8M | $992K | 5x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
BingX SYN-USDT
Binance SYNUSDT
Kraken Futures PF_SYNUSD
Aster SYNUSDT