Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.004%
Price spread now: Binance against Phemex−0.030%7-day average +0.055% · 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−$143as in the Price arb table
costs, in and out, $10k−$1351.346% of the position
Funding, last 5 days (all we have)−0.037%−$4 on $10k
+Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.030%, 7d avg +0.055%
=Funding pays, the price is against you. Binance is 0.085% cheaper against Phemex than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.055%). If the spread goes back, that is −$8 on $10k: about 5.9 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SYNUSDT | 0.2366 | 0.0100 | pay 0.0050% / 4h | 2h 02m | $1.5M | $1.8M | 50x |
| Short | Binance SYNUSDT | 0.2366 | 0.0148 | get 0.0074% / 4h | 2h 02m | $11.9M | $40.8M | 10x |
Phemex SYNUSDT
Binance SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $10.12
- Price spread: −0.030% → +0.055%
- −$8.5
- Slippage, 4 orders
- −$112.62
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$132.99
- Costs to cover
- 1.346%
- Break-even
- 99.0 days
Slippage from Phemex: live order book, 1 min ago; Binance: live order book, 10 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 Phemex live order book, 1 min ago | 3.38 bp | 41.9 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.42 bp | 20.5 bp −$21 | 127.9 bp −$1,279 | 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 | 0.2361 | −0.220% | $1.3M | $3.2M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2364 | −0.110% | $4K | $38K | 10x | as long as short |
| Phemex SYNUSDTlong | +0.0100% | 4h | 0.2366 | long leg | $1.5M | $1.8M | 50x | |
| Binance SYNUSDTshort | +0.0148% | 4h | 0.2366 | −0.030% | $11.9M | $40.8M | 10x | |
| MEXC SYN_USDT | +0.0150% | 4h | 0.2365 | −0.059% | $2.7M | $7.6M | 50x | as long as short |
| BingX SYN-USDT | +0.0156% | 4h | 0.2362 | −0.186% | — | $3.2M | — | as long as short |
| Kraken Futures PF_SYNUSD | +0.0459% | 1h | 0.2363 | −0.146% | $191K | $575K | 10x | as long as short |
| Aster SYNUSDT | +0.1158% | 4h | 0.2366 | −0.008% | $2.6M | $809K | 5x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
MEXC SYN_USDT
BingX SYN-USDT
Kraken Futures PF_SYNUSD
Aster SYNUSDT