Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.6013 | +0.0100 | pay 0.0050% / 4h | 2h 33m | $1.4M | $841K | 50x | Long Phemex | |
| SHORT | 2.6046 | +0.0100 | get 0.0050% / 4h | 2h 33m | $2.4M | $155K | 10x | Short Aster≤10% back |
Price gap+0.126%47s
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$8 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—spread +0.126%47s now · prices read too far apart to compare
Costs−$1211.214% of $10k · taker + slippage, in and out
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+0.126%
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
2 ok · 3 to watch- Watch: Thin at this size38.9 / 18.4 bpAt $10k entering Phemex costs 38.9 bp, fee and slippage, 2.1× Aster’s.
- Note: Margin at max leverage$200 + $1,000Phemex 50x, Aster 10x. 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 Phemex: 6 payments, −$3.00; short Aster: 6 payments, +$3.00.
- Watch: Prices read 47 s apart+0.126% vs +0.046%Part of this gap may be the market moving.
- Note: Long 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: KYCPhemex Yes · Aster NoKYC 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 spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$101.40
Fee Phemex bp × 2 orders−$12.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$124.55
price spread not counted: prices read too far apartCosts to cover1.214%Break-evennever at this rate
Slippage: Phemex: live order book, 4 min ago; Aster: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex2.3038.9 bp−$39150.0 bp−$1,500doesn’t fitdoesn’t fit
SELL · SHORTAster3.6518.4 bp−$18293.1 bp−$2,931doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-24 18:20 | Phemex | Other | Phemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗ |
| 09-24 09:36 | Phemex | Listing | new market CAKEUSDT ($CAKE) seen by our collector |