Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4750 | +0.0100 | pay 0.0013% / 1h | 52m 05s | $30K | $591K | 50x | Long ApeX Omni5% off | |
| SHORT | 0.4761 | +0.0100 | get 0.0100% / 8h | 4h 52m | $1.4M | $2.2M | 50x | Short Phemex |
Price gap+0.232%77s
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$25 on $10k if the gap goes back to its 7d average.
The two prices were read 77 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+$20.0000% /8h now · paid +0.016% over the last 7D
Price—spread +0.232%77s now · prices read too far apart to compare
Costs−$930.930% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.232%
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
/8hLDO on 30 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size14.4 / 31.0 bpAt $10k entering Phemex costs 31.0 bp, fee and slippage, 2.2× ApeX Omni’s.
- Note: Margin at max leverage$200 + $200ApeX Omni 50x, 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: $0.00Long ApeX Omni: 24 payments, −$3.00; short Phemex: 3 payments, +$3.00.
- Watch: Prices read 77 s apart+0.232% vs −0.016%Part of this gap may be the market moving.
- Watch: Long leg is thinner$30K vs $1.4M OIApeX Omni sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCApeX Omni 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+0.0008%/8h × 21 periods+$1.69
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$70.95
Fee ApeX Omni bp × 2 orders−$10.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$91.26
price spread not counted: prices read too far apartCosts to cover0.930%Break-even385.2 days
Slippage: ApeX Omni: live order book, 25 min ago; Phemex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGApeX Omni6.2814.4 bp−$14110.2 bp−$1,102doesn’t fitdoesn’t fit
SELL · SHORTPhemex4.2031.0 bp−$31168.5 bp−$1,685doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya