Funding you earn now, next payment 08:00 UTC−0.0520%/8h= −57.0% APRnext payment −$5.20 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Binance−0.071%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Phemex is 0.071% cheaper against Binance than usual: you would sell low and buy high (−$7 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 | Binance PATHUSDT | 13.670 | 0.0520 | pay 0.0520% / 8h | 7h 55m | $66K | $195K | 20x |
| Short | Phemex PATHUSDT | 13.660 | 0 | get 0.0000% / 8h | 7h 55m | $10K | $15K | 10x |
Binance PATHUSDT
Phemex PATHUSDTFunding 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
- −$109.24
- Price spread: −0.071% → 0.000%
- −$7.06
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$138.29
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 51 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, 51 min ago | 7.32 bp | 56.8 bp −$57 | 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.
PATH 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PATHUSDT | 0.0000% | 8h | 13.740 | +0.515% | $57K | $123K | 25x | as long as short |
| Gate PATH_USDT | 0.0000% | 8h | 13.661 | −0.063% | $6K | $9K | 20x | as long as short |
| Bitget PATHUSDT | 0.0000% | 8h | 13.615 | −0.400% | $22K | $32K | 20x | as long as short |
| SunX PATH-USDT | 0.0000% | 8h | 13.660 | −0.071% | — | $1.8M | 10x | as long as short |
| HTX PATH-USDT | 0.0000% | 8h | 13.670 | +0.003% | $2K | $279K | 20x | as long as short |
| Phemex PATHUSDTshort | 0.0000% | 8h | 13.660 | −0.071% | $10K | $15K | 10x | |
| Binance PATHUSDTlong | +0.0520% | 8h | 13.670 | long leg | $66K | $195K | 20x |
Bybit PATHUSDT
Gate PATH_USDT
Bitget PATHUSDT
SunX PATH-USDT
HTX PATH-USDT