Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.5888 | +0.0100 | pay 0.0050% / 4h | 1h 56m | $1.3M | $864K | 50x | Long Phemex | |
| SHORT | 2.5880 | +0.0100 | get 0.0050% / 4h | 1h 56m | $173K | $84K | 50x | Short Variational Omni+15% pts |
Price gap−0.031%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$5 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−$170.0000% /8h now · paid −0.171% over the last 7D
Price+$5spread −0.031% now, avg −0.079% → +0.047% if it goes back
Costs−$1341.342% of $10k · taker + slippage, in and out
Result−$147−1.47%+ Points / potential airdropVariational Omni: points · 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−0.031%
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 · 3 to watch- Watch: Thin at this size42.6 / 29.9 bpAt $10k entering Phemex costs 42.6 bp, fee and slippage, 1.4× Variational Omni’s.
- Note: Margin at max leverage$200 + $200Phemex 50x, Variational Omni 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 Phemex: 6 payments, −$3.00; short Variational Omni: 6 payments, +$3.00.
- OK: Entry gap works for you−0.031% vs −0.079%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$173K vs $1.3M OIVariational Omni sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- Watch: KYCPhemex Yes · Variational Omni 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−0.0084%/8h × 21 periods−$17.69
Price spread−0.031% → −0.079% (7d avg)+$4.74
Slippage, 4 orderslive order books−$122.21
Fee Phemex bp × 2 orders−$12.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$147.16
Costs to cover1.342%Break-evennever at this rate
Slippage: Phemex: live order book, 1 min ago; Variational Omni: RFQ quote, 44 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex1.1642.6 bp−$43183.0 bp−$1,830doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni6.5729.9 bp−$3053.2 bp−$532doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 09-24 09:36 | Phemex | Listing | new market CAKEUSDT ($CAKE) seen by our collector |