Funding you earn now, next payment 00:00 UTC+0.1403%/8h= +153.6% APRnext payment +$7.01 per $10,000 · paid last 24h +0.237%
Price spread now: Aster against Phemex+0.435%7-day average +0.200% · 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−$171as in the Price arb table
costs, in and out, $10k−$1941.943% of the position
Funding, last 5 days (all we have)+0.905%+$90 on $10k
+Price spread, last 3 days (all we have)+0.068%+$7 · spread now +0.435%, 7d avg +0.200%
=Together, before fees+0.973%+ Points / potential airdropAster: Stage 5 · farm board+$97 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Aster is 0.235% dearer against Phemex than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.200%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SYNUSDT | 0.2636 | 0.0100 | pay 0.0050% / 4h | 2h 26m | $1.7M | $1.7M | 50x |
| Short | Aster SYNUSDT | 0.2647 | 0.1503 | get 0.0751% / 4h | 2h 26m | $3.0M | $805K | 5x |
Phemex SYNUSDT
Aster SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- $294.53
- Price spread: +0.435% → +0.200%
- $23.47
- Slippage, 4 orders
- −$174.25
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $123.75
- Costs to cover
- 1.943%
- Break-even
- 4.1 days
Slippage from Phemex: live order book, 2 min ago; Aster: 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 Phemex live order book, 2 min ago | 1.32 bp | 73.4 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 2 min ago | 7.54 bp | 32.1 bp −$32 | 293.9 bp −$2,939 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SYNUSD | −0.0098% | 1h | 0.2651 | +0.567% | $213K | $481K | 10x | as long as short |
| Bitget SYNUSDT | +0.0100% | 4h | 0.2641 | +0.201% | $1.6M | $3.1M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2640 | +0.144% | $4K | $37K | 10x | as long as short |
| Phemex SYNUSDTlong | +0.0100% | 4h | 0.2636 | long leg | $1.7M | $1.7M | 50x | |
| BingX SYN-USDT | +0.0112% | 4h | 0.2642 | +0.216% | — | $3.1M | — | as long as short |
| MEXC SYN_USDT | +0.0126% | 4h | 0.2640 | +0.152% | $3.3M | $7.0M | 50x | as long as short |
| Binance SYNUSDT | +0.0127% | 4h | 0.2641 | +0.186% | $13.6M | $39.1M | 10x | as long as short |
| Aster SYNUSDTshort | +0.1503% | 4h | 0.2647 | +0.435% | $3.0M | $805K | 5x |
Kraken Futures PF_SYNUSD
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
BingX SYN-USDT
MEXC SYN_USDT
Binance SYNUSDT