Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.5408 | +0.0100 | pay 0.0050% / 4h | 15m 41s | $1.3M | $960K | 50x | Long Phemex | |
| SHORT | 2.5790 | +0.0033 | get 0.0004% / 1h | 15m 41s | $692 | $50K | 5x | Short Injective |
Price gap+1.503%65s
Funding gap−0.0067% /8h
The gap pays +$150 on $10k if it goes back to zero (no 7-day history yet), but funding costs $2 a day and eats that in about 3 months.
The two prices were read 65 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—−0.0067% /8h now · no funding history yet
Price—spread +1.503%65s now · prices read too far apart to compare
Costsno datano order book for Injective
Result, before costs—no pointsneeds funding history
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Injective price against Phemexnow
RANGE STATS · 7D
Now+1.503%
Average—
Range—
Wider than now—
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
0 ok · 4 to watch- Note: Order book unknown—No order-book sample for Injective: its slippage is not counted.
- Note: Margin at max leverage$200 + $2,000Phemex 50x, Injective 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$2.00Long Phemex: 6 payments, −$3.00; short Injective: 24 payments, +$1.00.
- Watch: Prices read 65 s apart+1.503% vs —Part of this gap may be the market moving.
- Watch: Short leg is thinner$692 vs $1.3M OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · Injective 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 earnedno history yet: current rate−$14.00
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Injective—
Fee Phemex bp × 2 orders−$12.00
Fee Injective bp × 2 orders−$0.02
Net, fees only · 7 days · $10k−$26.02
price spread not counted: prices read too far apartCosts to cover0.120%Break-evennever at this rate
Slippage: Phemex: live order book, 2 min ago; Injective: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex2.7539.4 bp−$39doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTInjective—————
Closing costs about the same again.
Injective: no data.
| 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 |