Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4835 | +0.0100 | pay 0.0100% / 8h | 4h 10m | $1.4M | $2.2M | 50x | Long Phemex | |
| SHORT | 0.4840 | +0.0100 | get 0.0013% / 1h | 10m 55s | $30K | $596K | 50x | Short ApeX Omni5% off |
Price gap+0.103%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$9 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 −0.016% over the last 7D
Price+$9spread +0.103% now, avg +0.018% → +0.085% if it goes back
Costs−$1021.022% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.103%
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
1 ok · 4 to watch- Watch: Thin at this size33.3 / 14.3 bpAt $10k entering Phemex costs 33.3 bp, fee and slippage, 2.3× ApeX Omni’s.
- Note: Margin at max leverage$200 + $200Phemex 50x, ApeX Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long Phemex: 3 payments, −$3.00; short ApeX Omni: 24 payments, +$3.00.
- OK: Entry gap works for you+0.103% vs +0.018%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short 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: KYCPhemex Yes · ApeX Omni NoKYC 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−$1.68
Price spread+0.103% → +0.018% (7d avg)+$8.53
Slippage, 4 orderslive order books−$80.22
Fee Phemex bp × 2 orders−$12.00
Fee ApeX Omni bp × 2 orders−$10.00
Net · 7 days · $10k−$95.36
Costs to cover1.022%Break-evennever at this rate
Slippage: Phemex: live order book, 6 min ago; ApeX Omni: live order book, 66 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex5.1433.3 bp−$33158.0 bp−$1,580doesn’t fitdoesn’t fit
SELL · SHORTApeX Omni6.2814.3 bp−$14115.3 bp−$1,153doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya