Funding you earn now, next payment 08:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.76 per $10,000 · paid last 24h −0.005%
Price spread now: Phemex against BingX+0.008%7-day average −0.061% · 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−$126as in the Price arb table
costs, in and out, $10k−$1331.328% of the position
Funding, last 5 days (all we have)+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)−0.228%−$23 · spread now +0.008%, 7d avg −0.061%
=The price spread pays, funding is against you. Phemex is 0.069% dearer against BingX than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.061%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 36 hours. Mind the row above: over the last 5 days funding on this pair paid +0.074%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SYN-USDT | 0.2428 | 0.0252 | pay 0.0126% / 4h | 3h 01m | — | $3.2M | — |
| Short | Phemex SYNUSDT | 0.2428 | 0.0100 | get 0.0050% / 4h | 3h 01m | $1.6M | $1.8M | 50x |
BingX SYN-USDT
Phemex SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BingX. 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
- −$31.92
- Price spread: +0.008% → −0.061%
- $6.88
- Slippage, 4 orders
- −$110.82
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$157.87
- Costs to cover
- 1.328%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Phemex: live order book, 2 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 BingX live order book, 3 min ago | 0.21 bp | 31.7 bp −$32 | 103.7 bp −$1,037 | 876.6 bp −$87.7K | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.65 bp | 38.1 bp −$38 | 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 | 0.2431 | +0.128% | $1.3M | $3.2M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2426 | −0.070% | $4K | $37K | 10x | as long as short |
| Phemex SYNUSDTshort | +0.0100% | 4h | 0.2428 | +0.008% | $1.6M | $1.8M | 50x | |
| BingX SYN-USDTlong | +0.0252% | 4h | 0.2428 | long leg | — | $3.2M | — | |
| MEXC SYN_USDT | +0.0264% | 4h | 0.2432 | +0.169% | $3.1M | $7.8M | 50x | as long as short |
| Binance SYNUSDT | +0.0264% | 4h | 0.2432 | +0.175% | $12.1M | $42.2M | 10x | as long as short |
| Kraken Futures PF_SYNUSD | +0.1590% | 1h | 0.2428 | +0.003% | $192K | $713K | 10x | as long as short |
| Aster SYNUSDT | +0.1970% | 4h | 0.2431 | +0.128% | $2.8M | $993K | 5x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
MEXC SYN_USDT
Binance SYNUSDT
Kraken Futures PF_SYNUSD
Aster SYNUSDT