Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2,244.5 | +0.0028 | pay 0.0028% / 8h | 7h 10m | $238.7M | $90.4M | 150x | Long Phemex | |
| SHORT | 2,243.2 | −0.0022 | pay 0.0022% / 8h | 7h 10m | $1.71B | $9.60B | 200x | Short Gate |
Price gap−0.057%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.051% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$2−0.0050% /8h now · paid +0.024% over the last 7D
Price−$5spread −0.057% now, avg −0.007% → −0.051% if it goes back
Costs−$270.271% of $10k · taker + slippage, in and out
Result−$30−0.30%no points
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−0.057%
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
/8hETH on 55 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- OK: Fits both order books6.0 / 7.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$67 + $50Phemex 150x, Gate 200x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$1.49Long Phemex: 3 payments, −$0.83; short Gate: 3 payments, −$0.66.
- Watch: Gap narrower than usual−0.057% vs −0.007%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$238.7M vs $1.71B OIPhemex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · Gate 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+0.0011%/8h × 21 periods+$2.40
Price spread−0.057% → −0.007% (7d avg)−$5.06
Slippage, 4 orderslive order books−$0.09
Fee Phemex bp × 2 orders−$12.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$29.74
Costs to cover0.271%Break-even93.6 days
Slippage: Phemex: live order book, 6 min ago; Gate: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex0.026.0 bp−$66.4 bp−$648.6 bp−$86214.2 bp−$7,100
SELL · SHORTGate0.027.5 bp−$87.5 bp−$7511.0 bp−$1,09820.5 bp−$10.3K
Closing costs about the same again.
ETH news
posts that mention ETH, from every exchange| 11-06 00:13 | GMX | Other | One month in, the GMX Dollar Vault backs 7 markets: BTC, ETH, NEAR, ZEC, HYPE, XRP and SOL. One $USDG deposit, spread across all of them, earning from the volume, withdrawable any time. Full launch boost runs until 30 Nov. Here's how it works: @GMX_IO on X ↗ |
| 11-05 22:36 | Deribit | Other | 🚨 Options Expiry Alert 🚨 At 08:00 UTC Friday, ~$2.86B in BTC and ETH options are set to expire on Deribit. $BTC: ~$2.64B notional | P/C: 0.38 | Max Pain: $79K $ETH: ~$224.5M notional | P/C: 1.27 | Max Pain: $2.35K BTC positioning is heavily call-weighted, with notable concentrations at $82K and $85K. ETH shows the opposite, with puts outweighing calls and significant put interest around $2.1K. Track the full breakdown ↓ @DeribitOfficial on X ↗ |
| 11-05 15:14 | Injective | Other | @Nasdaq @BitGo 4/ $INJ now joins $BTC, $ETH and $SOL among the few major crypto assets with a dedicated U.S. ETF. A major step in bringing Injective to traditional capital markets. @injective on X ↗ |
| 11-05 15:09 | RISEx | Other | Since August, trading on RISEx has become much cheaper with far less slippage; the pool is being adjusted to support these improvements. $100K orders are cheaper across $BTC, $ETH, $XAU, $SPY and $QQQ. Index ETFs improved most, about 85% cheaper, with gold about 65%. $200K $SPY and $QQQ orders couldn’t reliably fill within 20 bps in August. By October, they were closer to 2 bps. Your size continues to add depth to the book, and every large order brings in more liquidity and raises the bar for what RISEx has to deliver. RISEx is still the only venue that pays slippage back. Keep sizing up. @risextrade on X ↗ |
| 11-05 13:48 | Pacifica | Other | How does BTC’s performance compare to ETH and SOL? With Neptune, you’ll be able to turn that question into a dashboard, showing how each asset performed, how far it fell from its highs, and how closely their prices moved together. Choose the assets and timeframe in plain language, and explore the results within your workspace. @pacifica_fi on X ↗ |
| 11-05 13:40 | Binance | Contest | Binance's 2nd Community Appreciation Earn Campaign is now live! • Earn up to 10% APR on U Flexible with @UTechStables • Enjoy a share of the 40,000 USDC VIP prize pool through Dual Investment • Share $500,000 in SXT rewards through ETH and SXT Simple Earn @spaceandtime Join now → @binance on X ↗ |


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