Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4704 | +0.0100 | pay 0.0100% / 8h | 1h 45m | $233K | $285K | 10x | Long Aster≤10% back | |
| SHORT | 0.4709 | +0.0100 | get 0.0100% / 8h | 1h 45m | $1.3M | $2.3M | 50x | Short Phemex |
Price gap+0.106%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$18 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−$20.0000% /8h now · paid −0.020% over the last 7D
Price+$18spread +0.106% now, avg −0.072% → +0.178% if it goes back
Costs−$1981.976% of $10k · taker + slippage, in and out
Result−$182−1.82%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.106%
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
3 ok · 3 to watch- Watch: Thin at this size101.7 / 33.5 bpAt $10k entering Aster costs 101.7 bp, fee and slippage, 3.0× Phemex’s.
- Note: Margin at max leverage$1,000 + $200Aster 10x, Phemex 50x. 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: $0.00Long Aster: 3 payments, −$3.00; short Phemex: 3 payments, +$3.00.
- OK: Entry gap works for you+0.106% vs −0.072%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$233K vs $1.3M OIAster sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- Watch: KYCAster 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−0.0010%/8h × 21 periods−$2.12
Price spread+0.106% → −0.072% (7d avg)+$17.83
Slippage, 4 orderslive order books−$177.63
Fee Aster bp × 2 orders−$8.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$181.92
Costs to cover1.976%Break-evennever at this rate
Slippage: Aster: live order book, 15 min ago; Phemex: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAster10.58101.7 bp−$102doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhemex2.1233.5 bp−$34144.1 bp−$1,441doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya