Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4787 | −0.1568 | get 0.0196% / 1h | 40m 17s | $126K | $17K | 50x | Long Coinbase International | |
| SHORT | 0.4693 | +0.0100 | get 0.0100% / 8h | 40m 17s | $1.3M | $2.0M | 50x | Short Phemex |
Price gap−1.964%
Funding gap+0.1668% /8h
Funding pays +$50 a day on $10k, but the gap is 2.049% under its 7d average: −$205 if it goes back, about 4.1 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$148+0.1668% /8h now · paid +1.483% over the last 6 days (all we have)
Price−$205spread −1.964% now, avg +0.086% → −2.049% if it goes back
Costs−$8248.238% of $10k · taker + slippage, in and out
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Phemex price against Coinbase Internationalnow
RANGE STATS · 7D
Now−1.964%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hLDO on 29 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size381.9 / 35.8 bpAt $10k entering Coinbase International costs 381.9 bp, fee and slippage, 10.7× Phemex’s.
- Note: Margin at max leverage$200 + $200Coinbase International 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: +$50.04Long Coinbase International: 24 payments, +$47.04; short Phemex: 3 payments, +$3.00.
- Watch: Gap narrower than usual−1.964% vs +0.086%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$126K vs $1.3M OICoinbase International sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCCoinbase International Yes · Phemex YesID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0877%/8h × 21 periods+$184.13
Price spread−1.964% → +0.086% (7d avg)−$204.95
Slippage, 4 orderslive order books−$801.80
Fee Coinbase International bp × 2 orders−$10.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$844.62
Costs to cover8.238%Break-even39.1 days
Slippage: Coinbase International: live order book, 53 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGCoinbase International121.15381.9 bp−$382doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhemex5.2935.8 bp−$36doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.