Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3605 | +0.1088 | pay 0.0136% / 1h | 49m 31s | $2K | $151K | 10x | Long Injective | |
| SHORT | 0.3605 | +0.0100 | get 0.0100% / 8h | 1h 49m | $1.3M | $792K | 50x | Short Phemex |
Price gap−0.011%
Funding gap−0.0988% /8h
Both sides work against this direction now: funding costs $30 a day on $10k and the gap is 0.053% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$234−0.0988% /8h now · paid −2.336% over the last 7D
Price−$5spread −0.011% now, avg +0.042% → −0.053% if it goes back
Costsno datano order book for Injective
Result, before costs−$239−2.39%no pointscosts unknown: no order book for Injective · What 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−0.011%
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 · 4 to watch- Note: Order book unknown—No order-book sample for Injective: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $200Injective 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: −$29.63Long Injective: 24 payments, −$32.63; short Phemex: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.011% vs +0.042%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$2K vs $1.3M OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCInjective 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−0.1112%/8h × 21 periods−$233.55
Price spread−0.011% → +0.042% (7d avg)−$5.27
Slippage, 4 ordersno data for Injective—
Fee Injective bp × 2 orders−$0.02
Fee Phemex bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$250.84
Costs to cover0.120%Break-evennever at this rate
Slippage: Injective: no order-book sample; Phemex: live order book, just nowCost to enter
taker + slippage from mid, one sideBUY · LONGInjective—————
SELL · SHORTPhemex1.3923.8 bp−$24147.6 bp−$1,476doesn’t fitdoesn’t fit
Closing costs about the same again.
Injective: no data.