Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.004%
Price spread now: Phemex against MEXC+0.025%7-day average −0.029% · 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−$117as in the Price arb table
costs, in and out, $10k−$1221.221% of the position
Funding, last 5 days (all we have)+0.037%+$4 on $10k
+Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.025%, 7d avg −0.029%
=The price spread pays, funding is against you. Phemex is 0.053% dearer against MEXC than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.029%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SYN_USDT | 0.2439 | 0.0186 | pay 0.0093% / 4h | 3h 29m | $3.1M | $7.5M | 50x |
| Short | Phemex SYNUSDT | 0.2440 | 0.0100 | get 0.0050% / 4h | 3h 29m | $1.6M | $1.7M | 50x |
MEXC SYN_USDT
Phemex SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against MEXC. 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
- −$18.06
- Price spread: +0.025% → −0.029%
- $5.34
- Slippage, 4 orders
- −$110.15
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$134.86
- Costs to cover
- 1.221%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 2.05 bp | 4.0 bp −$4 | 41.5 bp −$415 | 368.8 bp −$36.9K | 596.8 bp −$298.4K |
| Sell Phemex live order book, 3 min ago | 22.79 bp | 58.6 bp −$59 | 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 | 0.2436 | −0.127% | $1.4M | $3.3M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2437 | −0.098% | $4K | $41K | 10x | as long as short |
| Phemex SYNUSDTshort | +0.0100% | 4h | 0.2440 | +0.025% | $1.6M | $1.7M | 50x | |
| MEXC SYN_USDTlong | +0.0186% | 4h | 0.2439 | long leg | $3.1M | $7.5M | 50x | |
| BingX SYN-USDT | +0.0186% | 4h | 0.2434 | −0.217% | — | $3.2M | — | as long as short |
| Binance SYNUSDT | +0.0195% | 4h | 0.2437 | −0.086% | $12.4M | $40.7M | 10x | as long as short |
| Kraken Futures PF_SYNUSD | +0.0901% | 1h | 0.2435 | −0.171% | $191K | $536K | 10x | as long as short |
| Aster SYNUSDT | +0.1298% | 4h | 0.2443 | +0.163% | $2.7M | $813K | 5x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
BingX SYN-USDT
Binance SYNUSDT
Kraken Futures PF_SYNUSD
Aster SYNUSDT