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
LongPhemex SYNUSDT0.25790.0100pay 0.0050% / 4h1h 37m$1.7M$1.6M50x
ShortAster SYNUSDT0.25920.3078get 0.1539% / 4h1h 37m$2.9M$677K5x

Funding history

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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 Phemex: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
$398.32
Break-even
2.5 days
Slippage from Phemex: live order book, 2 min ago; Aster: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.492%
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 Phemex live order book, 2 min ago4.05 bp43.3 bp −$43doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 2 min ago9.62 bp34.7 bp −$35352.8 bp −$3,528doesn'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 SYNUSDTlong+0.0100%4h$1.7M$1.6M50x
Kraken Futures PF_SYNUSD+0.1936%1h$215K$308K10xas long as short
Aster SYNUSDTshort+0.3078%4h$2.9M$677K5x