Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4503 | +0.0104 | pay 0.0013% / 1h | 30m 37s | $510K | $6.0M | 25x | Long Extended10% off | |
| SHORT | 0.4508 | +0.0100 | get 0.0100% / 8h | 2h 30m | $1.3M | $2.5M | 50x | Short Phemex |
Price gap+0.117%
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$6 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+$3−0.0004% /8h now · paid +0.026% over the last 7D
Price+$6spread +0.117% now, avg +0.057% → +0.060% if it goes back
Costs−$930.935% of $10k · taker + slippage, in and out
Result−$85−0.85%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.117%
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
2 ok · 4 to watch- Watch: Thin at this size15.9 / 28.4 bpAt $10k entering Phemex costs 28.4 bp, fee and slippage, 1.8× Extended’s.
- Note: Margin at max leverage$400 + $200Extended 25x, 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: −$0.12Long Extended: 24 payments, −$3.12; short Phemex: 3 payments, +$3.00.
- OK: Entry gap works for you+0.117% vs +0.057%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$510K vs $1.3M 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+0.0012%/8h × 21 periods+$2.55
Price spread+0.117% → +0.057% (7d avg)+$6.00
Slippage, 4 orderslive order books−$76.47
Fee Extended bp × 2 orders−$5.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$84.92
Costs to cover0.935%Break-even240.1 days
Slippage: Extended: live order book, 5 min ago; Phemex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended4.4415.9 bp−$1691.5 bp−$915doesn’t fitdoesn’t fit
SELL · SHORTPhemex3.3328.4 bp−$28144.9 bp−$1,449doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya