Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 7.3082 | +0.0024 | pay 0.0003% / 1h | 14m 59s | $83K | $1.3M | 10x | Long Extended10% off | |
| SHORT | 7.3130 | +0.0100 | get 0.0100% / 8h | 4h 14m | $1.5M | $2.6M | 50x | Short Phemex |
Price gap+0.066%
Funding gap+0.0076% /8h
Funding trade: +$2 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$261+0.0076% /8h now · paid +2.610% over the last 7D
Price+$1spread +0.066% now, avg +0.053% → +0.013% if it goes back
Costs−$800.796% of $10k · taker + slippage, in and out
Result+$183+1.83%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / ExitExtended: thin, under $1M open interest
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+0.066%
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
/8hINJ on 25 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size13.2 / 29.0 bpAt $10k entering Phemex costs 29.0 bp, fee and slippage, 2.2× Extended’s.
- Note: Margin at max leverage$1,000 + $200Extended 10x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$2.28Long Extended: 24 payments, −$0.72; short Phemex: 3 payments, +$3.00.
- Note: Gap at its usual level+0.066% vs +0.053%The price leg adds little either way.
- Watch: Long leg is thinner$83K vs $1.5M OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCExtended 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+0.1275%/8h × 21 periods+$267.81
Price spread+0.066% → +0.053% (7d avg)+$1.31
Slippage, 4 orderslive order books−$62.56
Fee Extended bp × 2 orders−$5.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k+$189.56
Costs to cover0.796%Break-even2.0 days
Slippage: Extended: live order book, 4 min ago; Phemex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended2.5913.2 bp−$13133.2 bp−$1,332doesn’t fitdoesn’t fit
SELL · SHORTPhemex7.5129.0 bp−$29156.0 bp−$1,560doesn’t fitdoesn’t fit
Closing costs about the same again.
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