Funding you earn now, next payment 08:00 UTC−0.0254%/8h= −27.9% APRnext payment −$2.54 per $10,000 · paid last 24h −0.133%
Price spread now: Phemex against Binance+0.056%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 2 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phemex is 0.056% dearer against Binance than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ANETUSDT | 206.42 | 0.0254 | pay 0.0254% / 8h | 7h 47m | $143K | $407K | 20x |
| Short | Phemex ANETUSDT | 206.53 | 0 | get 0.0000% / 8h | 7h 47m | $21K | $33K | 10x |
Binance ANETUSDT
Phemex ANETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- −$53.42
- Price spread: +0.056% → 0.000%
- $5.56
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$69.86
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 59 min ago; Phemex: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 59 min ago | 4.12 bp | 52.3 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex no order-book sample | — | — | — | — | — |
Phemex: 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.
ANET on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ANET_USDT | 0.0000% | 8h | 206.79 | +0.182% | $170K | $8K | 20x | as long as short |
| Bitget ANETUSDT | 0.0000% | 8h | 205.99 | −0.206% | $79K | $118K | 20x | as long as short |
| Phemex ANETUSDTshort | 0.0000% | 8h | 206.53 | +0.056% | $21K | $33K | 10x | |
| Injective ANET/USDC PERP | +0.0033% | 1h | 199.61 | −3.297% | $2K | $32K | 12x | as long as short |
| HTX ANET-USDT | +0.0100% | 8h | 206.91 | +0.240% | $3K | $68K | 20x | as long as short |
| Binance ANETUSDTlong | +0.0254% | 8h | 206.42 | long leg | $143K | $407K | 20x | |
| Bybit ANETUSDT | +0.0637% | 8h | 206.84 | +0.206% | $84K | $201K | 25x | as long as short |
Gate ANET_USDT
Bitget ANETUSDT
Injective ANET/USDC PERP
HTX ANET-USDT
Bybit ANETUSDT