Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Phemex−0.255%7-day average +0.093% · 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−$192as in the Price arb table
costs, in and out, $10k−$1581.576% of the position
Funding, last 5 days (all we have)−0.093%−$9 on $10k
+Price spread, last 3 days (all we have)+0.355%+$35 · spread now −0.255%, 7d avg +0.093%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.348% cheaper against Phemex than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of +0.093%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SYNUSDT | 0.2470 | 0.0100 | pay 0.0050% / 4h | 1m 42s | $1.6M | $1.7M | 50x |
| Short | Bitget SYNUSDT | 0.2464 | 0.0100 | get 0.0050% / 4h | 1m 42s | $1.4M | $3.3M | 10x |
Phemex SYNUSDT
Bitget SYNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $0
- Price spread: −0.255% → +0.093%
- −$34.8
- Slippage, 4 orders
- −$133.57
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$192.37
- Costs to cover
- 1.576%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Bitget: 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 | 6.47 bp | 46.9 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 6.67 bp | 36.1 bp −$36 | 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 SYNUSDTshort | +0.0100% | 4h | 0.2464 | −0.255% | $1.4M | $3.3M | 10x | |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2470 | +0.012% | $4K | $42K | 10x | as long as short |
| Phemex SYNUSDTlong | +0.0100% | 4h | 0.2470 | long leg | $1.6M | $1.7M | 50x | |
| MEXC SYN_USDT | +0.0150% | 4h | 0.2466 | −0.162% | $3.0M | $7.3M | 50x | as long as short |
| Binance SYNUSDT | +0.0156% | 4h | 0.2467 | −0.111% | $12.6M | $40.3M | 10x | as long as short |
| BingX SYN-USDT | +0.0160% | 4h | 0.2467 | −0.113% | — | $3.2M | — | as long as short |
| Kraken Futures PF_SYNUSD | +0.0665% | 1h | 0.2469 | −0.042% | $201K | $511K | 10x | as long as short |
| Aster SYNUSDT | +0.1310% | 4h | 0.2468 | −0.081% | $2.7M | $816K | 5x | as long as short |
Orderly PERP_SYN_USDC_mythos
MEXC SYN_USDT
Binance SYNUSDT
BingX SYN-USDT
Kraken Futures PF_SYNUSD
Aster SYNUSDT