Settings8H · net · $10k
Funding arb · Price arb /

SYN

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Orderly against Phemex−0.051%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.051% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex SYNUSDT0.23670.0100pay 0.0050% / 4h2h 03m$1.5M$1.8M50x
ShortOrderly PERP_SYN_USDC_mythos0.23660.0100get 0.0050% / 4h2h 03m$4K$38K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Phemex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.051% → 0.000%
−$5.07
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$23.07
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Phemex: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 5 min ago3.16 bp37.0 bp −$37doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SYN on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SYNUSDT+0.0100%4h0.2364−0.123%$1.3M$3.2M10xas long as short
Orderly PERP_SYN_USDC_mythosshort+0.0100%4h0.2366−0.051%$4K$38K10x
Phemex SYNUSDTlong+0.0100%4h0.2367long leg$1.5M$1.8M50x
MEXC SYN_USDT+0.0148%4h0.2365−0.093%$2.7M$7.6M50xas long as short
Binance SYNUSDT+0.0150%4h0.2364−0.135%$11.9M$40.8M10xas long as short
BingX SYN-USDT+0.0166%4h0.2363−0.165%$3.2Mas long as short
Kraken Futures PF_SYNUSD+0.0459%1h0.2362−0.210%$191K$576K10xas long as short
Aster SYNUSDT+0.1161%4h0.2369+0.066%$2.6M$809K5xas long as short