Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bitget−0.106%7-day average −0.081% · 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−$175as in the Price arb table
costs, in and out, $10k−$1731.729% of the position
Funding, last 5 days (all we have)+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.106%, 7d avg −0.081%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.025% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.081%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SYNUSDT | 0.2449 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $1.3M | $3.2M | 10x |
| Short | Phemex SYNUSDT | 0.2446 | 0.0100 | get 0.0050% / 4h | 3h 55m | $1.6M | $1.8M | 50x |
Bitget SYNUSDT
Phemex SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- $0
- Price spread: −0.106% → −0.081%
- −$2.51
- Slippage, 4 orders
- −$148.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$175.4
- Costs to cover
- 1.729%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Phemex: live order book, 3 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 Bitget live order book, 2 min ago | 8.74 bp | 49.5 bp −$50 | 428.6 bp −$4,286 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 4.88 bp | 36.9 bp −$37 | 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 SYNUSDTlong | +0.0100% | 4h | 0.2449 | long leg | $1.3M | $3.2M | 10x | |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2448 | −0.037% | $4K | $39K | 10x | as long as short |
| Phemex SYNUSDTshort | +0.0100% | 4h | 0.2446 | −0.106% | $1.6M | $1.8M | 50x | |
| BingX SYN-USDT | +0.0122% | 4h | 0.2448 | −0.020% | — | $3.2M | — | as long as short |
| MEXC SYN_USDT | +0.0124% | 4h | 0.2449 | +0.016% | $3.0M | $7.7M | 50x | as long as short |
| Binance SYNUSDT | +0.0124% | 4h | 0.2450 | +0.055% | $12.2M | $42.5M | 10x | as long as short |
| Kraken Futures PF_SYNUSD | +0.1576% | 1h | 0.2449 | +0.026% | $199K | $724K | 10x | as long as short |
| Aster SYNUSDT | +0.1816% | 4h | 0.2453 | +0.190% | $2.8M | $1.0M | 5x | as long as short |
Orderly PERP_SYN_USDC_mythos
BingX SYN-USDT
MEXC SYN_USDT
Binance SYNUSDT
Kraken Futures PF_SYNUSD
Aster SYNUSDT