Funding you earn now, next payment 08:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.62 per $10,000 · paid last 24h +0.005%
Price spread now: MEXC against Phemex−0.144%7-day average +0.027% · 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−$106as in the Price arb table
costs, in and out, $10k−$890.893% of the position
Funding, last 5 days (all we have)−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)+0.212%+$21 · spread now −0.144%, 7d avg +0.027%
=Funding pays, the price is against you. MEXC is 0.171% cheaper against Phemex than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of +0.027%). If the spread goes back, that is −$17 on $10k: about 4.6 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SYNUSDT | 0.2427 | 0.0100 | pay 0.0050% / 4h | 16m 43s | $1.6M | $1.9M | 50x |
| Short | MEXC SYN_USDT | 0.2424 | 0.0224 | get 0.0112% / 4h | 16m 43s | $3.0M | $8.1M | 50x |
Phemex SYNUSDT
MEXC SYN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $26.04
- Price spread: −0.144% → +0.027%
- −$17.14
- Slippage, 4 orders
- −$77.31
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$80.41
- Costs to cover
- 0.893%
- Break-even
- 28.6 days
Slippage from Phemex: live order book, 2 min ago; MEXC: live order book, 1 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, 2 min ago | 2.26 bp | 38.6 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 2.06 bp | 5.0 bp −$5 | 40.0 bp −$400 | 356.7 bp −$35.7K | 623.8 bp −$311.9K |
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 | 0.2425 | −0.111% | $1.4M | $3.2M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2426 | −0.049% | $3K | $35K | 10x | as long as short |
| Phemex SYNUSDTlong | +0.0100% | 4h | 0.2427 | long leg | $1.6M | $1.9M | 50x | |
| MEXC SYN_USDTshort | +0.0224% | 4h | 0.2424 | −0.144% | $3.0M | $8.1M | 50x | |
| Binance SYNUSDT | +0.0225% | 4h | 0.2426 | −0.043% | $12.1M | $43.2M | 10x | as long as short |
| BingX SYN-USDT | +0.0234% | 4h | 0.2428 | +0.008% | — | $3.3M | — | as long as short |
| Aster SYNUSDT | +0.1266% | 4h | 0.2430 | +0.097% | $2.8M | $991K | 5x | as long as short |
| Kraken Futures PF_SYNUSD | +0.1486% | 1h | 0.2423 | −0.179% | $151K | $839K | 10x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Binance SYNUSDT
BingX SYN-USDT
Aster SYNUSDT
Kraken Futures PF_SYNUSD