Funding you earn now, next payment 04:00 UTC+0.0144%/8h= +15.7% APRnext payment +$0.72 per $10,000 · paid last 24h +0.004%
Price spread now: Binance against Phemex+0.156%52s7-day average +0.060% · 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—prices read too far apart to compare
costs, in and out, $10k−$1391.393% of the position
Funding, last 5 days (all we have)−0.037%−$4 on $10k
+Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.156%, 7d avg +0.060%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.096% dearer against Phemex than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.060%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SYNUSDT | 0.2432 | 0.0100 | pay 0.0050% / 4h | 3h 06m | $1.6M | $1.8M | 50x |
| Short | Binance SYNUSDT | 0.2436 | 0.0244 | get 0.0122% / 4h | 3h 06m | $12.4M | $40.9M | 10x |
Phemex SYNUSDT
Binance SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $30.14
- Price spread: +0.156% → +0.060%
- $9.62
- Slippage, 4 orders
- −$117.31
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$99.54
- Costs to cover
- 1.393%
- Break-even
- 30.1 days
Slippage from Phemex: live order book, 2 min ago; Binance: live order book, 6 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 | 4.91 bp | 38.2 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.62 bp | 28.4 bp −$28 | 168.9 bp −$1,689 | 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 | 0.2435 | +0.127% | $1.4M | $3.3M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2436 | +0.160% | $4K | $41K | 10x | as long as short |
| Phemex SYNUSDTlong | +0.0100% | 4h | 0.2432 | long leg | $1.6M | $1.8M | 50x | |
| MEXC SYN_USDT | +0.0234% | 4h | 0.2436 | +0.156% | $2.9M | $7.5M | 50x | as long as short |
| BingX SYN-USDT | +0.0234% | 4h | 0.2436 | +0.156% | — | $3.2M | — | as long as short |
| Binance SYNUSDTshort | +0.0244% | 4h | 0.2436 | +0.156% | $12.4M | $40.9M | 10x | |
| Kraken Futures PF_SYNUSD | +0.0903% | 1h | 0.2430 | −0.111% | $197K | $553K | 10x | as long as short |
| Aster SYNUSDT | +0.1340% | 4h | 0.2442 | +0.403% | $2.7M | $812K | 5x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
MEXC SYN_USDT
BingX SYN-USDT
Kraken Futures PF_SYNUSD
Aster SYNUSDT