Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.6037 | +0.0100 | pay 0.0050% / 4h | 1h 45m | $2.4M | $156K | 10x | Long Aster≤10% back | |
| SHORT | 2.6032 | +0.0100 | get 0.0050% / 4h | 1h 45m | $1.4M | $825K | 50x | Short Phemex |
Price gap−0.021%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$3 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$30.0000% /8h now · paid +0.031% over the last 7D
Price+$3spread −0.021% now, avg −0.046% → +0.025% if it goes back
Costs−$1211.209% of $10k · taker + slippage, in and out
Result−$115−1.15%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.021%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hCAKE on 17 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Thin at this size22.6 / 41.6 bpAt $10k entering Phemex costs 41.6 bp, fee and slippage, 1.8× Aster’s.
- Note: Margin at max leverage$1,000 + $200Aster 10x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: $0.00Long Aster: 6 payments, −$3.00; short Phemex: 6 payments, +$3.00.
- OK: Entry gap works for you−0.021% vs −0.046%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Short leg is thinner$1.4M vs $2.4M OIBoth legs are deep; Phemex is the smaller one.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- Watch: KYCAster No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0015%/8h × 21 periods+$3.15
Price spread−0.021% → −0.046% (7d avg)+$2.53
Slippage, 4 orderslive order books−$100.90
Fee Aster bp × 2 orders−$8.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$115.22
Costs to cover1.209%Break-even263.2 days
Slippage: Aster: live order book, 4 min ago; Phemex: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAster4.8022.6 bp−$231508.8 bp−$15.1Kdoesn’t fitdoesn’t fit
SELL · SHORTPhemex2.3141.6 bp−$42155.6 bp−$1,556doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 09-24 09:36 | Phemex | Listing | new market CAKEUSDT ($CAKE) seen by our collector |