Funding you earn now, next payment 16:00 UTC−0.1441%/8h= −157.8% APRnext payment −$14.41 per $10,000 · paid last 24h −0.104%
Price spread now: Phemex against Bybit−0.063%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Phemex is 0.063% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ANETUSDT | 205.10 | 0.1441 | pay 0.1441% / 8h | 6h 56m | $78K | $212K | 25x |
| Short | Phemex ANETUSDT | 204.97 | 0 | get 0.0000% / 8h | 6h 56m | $23K | $33K | 10x |
Bybit ANETUSDT
Phemex ANETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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
- −$302.54
- Price spread: −0.063% → 0.000%
- −$6.34
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$331.88
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 18 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 Bybit live order book, 18 min ago | 6.12 bp | 111.5 bp −$111 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ANETUSDT | 0.0000% | 8h | 204.92 | −0.088% | $128K | $408K | 20x | as long as short |
| Gate ANET_USDT | 0.0000% | 8h | 205.40 | +0.146% | $166K | $7K | 20x | as long as short |
| Bitget ANETUSDT | 0.0000% | 8h | 204.06 | −0.507% | $81K | $107K | 20x | as long as short |
| Phemex ANETUSDTshort | 0.0000% | 8h | 204.97 | −0.063% | $23K | $33K | 10x | |
| Injective ANET/USDC PERP | +0.0033% | 1h | 199.61 | −2.677% | $2K | $32K | 12x | as long as short |
| HTX ANET-USDT | +0.0100% | 8h | 205.28 | +0.088% | $3K | $39K | 20x | as long as short |
| Bybit ANETUSDTlong | +0.1441% | 8h | 205.10 | long leg | $78K | $212K | 25x |
Binance ANETUSDT
Gate ANET_USDT
Bitget ANETUSDT
Injective ANET/USDC PERP
HTX ANET-USDT