Funding you earn now, next payment 00:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.40 per $10,000 · paid last 24h +0.001%
Price spread now: BingX against Phemex−0.008%7-day average +0.067% · 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−$1361.355% of the position
Funding, last 5 days (all we have)−0.078%−$8 on $10k
+Price spread, last 3 days (all we have)+0.122%+$12 · spread now −0.008%, 7d avg +0.067%
=Funding pays, the price is against you. BingX is 0.075% cheaper against Phemex than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.067%). If the spread goes back, that is −$7 on $10k: about 3.1 days of funding at the current rate (+$2 a day). Mind the row above: over the last 5 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SYNUSDT | 0.2546 | 0.0100 | pay 0.0050% / 4h | 27m 08s | $1.6M | $1.7M | 50x |
| Short | BingX SYN-USDT | 0.2545 | 0.0180 | get 0.0090% / 4h | 27m 08s | — | $3.1M | — |
Phemex SYNUSDT
BingX SYN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $16.8
- Price spread: −0.008% → +0.067%
- −$7.5
- Slippage, 4 orders
- −$113.5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$126.2
- Costs to cover
- 1.355%
- Break-even
- 59.6 days
Slippage from Phemex: live order book, 1 min ago; BingX: live order book, 8 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 | 6.06 bp | 34.3 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 0.39 bp | 25.7 bp −$26 | 121.1 bp −$1,211 | 835.1 bp −$83.5K | 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 | 0.2545 | −0.035% | $1.4M | $3.2M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2547 | +0.055% | $4K | $41K | 10x | as long as short |
| Phemex SYNUSDTlong | +0.0100% | 4h | 0.2546 | long leg | $1.6M | $1.7M | 50x | |
| MEXC SYN_USDT | +0.0174% | 4h | 0.2546 | +0.016% | $3.1M | $7.2M | 50x | as long as short |
| Binance SYNUSDT | +0.0176% | 4h | 0.2546 | +0.004% | $13.0M | $39.8M | 10x | as long as short |
| BingX SYN-USDTshort | +0.0180% | 4h | 0.2545 | −0.008% | — | $3.1M | — | |
| Kraken Futures PF_SYNUSD | +0.0645% | 1h | 0.2544 | −0.046% | $208K | $501K | 10x | as long as short |
| Aster SYNUSDT | +0.1395% | 4h | 0.2553 | +0.286% | $2.8M | $812K | 5x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
MEXC SYN_USDT
Binance SYNUSDT
Kraken Futures PF_SYNUSD
Aster SYNUSDT