Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.092%
Price spread now: Bybit against Phemex−0.082%53s7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1981.982% of the position
Funding, last 7 days−0.165%−$16 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.082%, 7d avg −0.043%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.040% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.043%. The two prices were read 53 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 KSTRUSDT | 24.360 | 0 | get 0.0000% / 8h | 1h 23m | $1.5M | $141K | 10x |
| Short | Bybit KSTRUSDT | 24.340 | 0 | get 0.0000% / 8h | 1h 23m | $332K | $499K | 25x |
Phemex KSTRUSDT
Bybit KSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.082% → −0.043%
- −$3.95
- Slippage, 4 orders
- −$175.21
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$202.16
- Costs to cover
- 1.982%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Bybit: live order book, 11 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, 4 min ago | 4.11 bp | 48.1 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 11 min ago | 6.16 bp | 72.2 bp −$72 | 228.2 bp −$2,282 | doesn't fit | doesn't fit |
KSTR on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:KSTR | −0.1000% | 1h | 24.400 | +0.164% | $19K | $6K | 10x | as long as short |
| KuCoin KSTRUSDTM | −0.0394% | 8h | 24.390 | +0.123% | $26K | $158K | 20x | as long as short |
| Aster KSTRUSDT | 0.0000% | 8h | 24.321 | −0.162% | $6K | $8K | 20x | as long as short |
| Binance KSTRUSDT | 0.0000% | 8h | 24.368 | +0.034% | $1.8M | $1.8M | 25x | as long as short |
| Bybit KSTRUSDTshort | 0.0000% | 8h | 24.340 | −0.082% | $332K | $499K | 25x | |
| Gate KSTR_USDT | 0.0000% | 8h | 24.390 | +0.123% | $357K | $387K | 20x | as long as short |
| MEXC KSTR_USDT | 0.0000% | 8h | 24.360 | 0.000% | $430K | $82K | 50x | as long as short |
| Bitget KSTRUSDT | 0.0000% | 8h | 24.411 | +0.209% | $521K | $299K | 20x | as long as short |
| Variational Omni KSTR | 0.0000% | 8h | 24.341 | −0.079% | $97K | $8K | — | as long as short |
| Phemex KSTRUSDTlong | 0.0000% | 8h | 24.360 | long leg | $1.5M | $141K | 10x |
tradeXYZ xyz:KSTR
KuCoin KSTRUSDTM
Aster KSTRUSDT
Binance KSTRUSDT
Gate KSTR_USDT
MEXC KSTR_USDT
Bitget KSTRUSDT
Variational Omni KSTRShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT KSTR_USDT_Perp | +0.0100% | 8h | 24.369 | +0.035% | $161 | $112K | 10x | as long as short |
| HTX KSTR-USDT | +0.0100% | 8h | 24.400 | +0.164% | $8K | $5K | 10x | as long as short |
GRVT KSTR_USDT_Perp
HTX KSTR-USDT