Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4626 | +0.0100 | pay 0.0100% / 8h | 1h 11m | $1.3M | $2.3M | 50x | Long Phemex | |
| SHORT | 0.4638 | +0.0100 | get 0.0100% / 8h | 1h 11m | $231K | $282K | 10x | Short Aster≤10% back |
Price gap+0.254%52s
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.
The two prices were read 52 s apart: part of this gap may be the market moving.
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—spread +0.254%52s now · prices read too far apart to compare
Costs−$1991.992% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.254%
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 size34.0 / 31.3 bpAt $10k entering Phemex costs 34.0 bp, fee and slippage, 1.1× Aster’s.
- Note: Margin at max leverage$200 + $1,000Phemex 50x, Aster 10x. 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 Phemex: 3 payments, −$3.00; short Aster: 3 payments, +$3.00.
- Watch: Prices read 52 s apart+0.254% vs +0.072%Part of this gap may be the market moving.
- Watch: Short leg is thinner$231K 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: KYCPhemex Yes · Aster 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+0.0010%/8h × 21 periods+$2.12
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$179.23
Fee Phemex bp × 2 orders−$12.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$197.11
price spread not counted: prices read too far apartCosts to cover1.992%Break-even659.1 days
Slippage: Phemex: live order book, 5 min ago; Aster: live order book, 49 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex4.3234.0 bp−$34149.8 bp−$1,498doesn’t fitdoesn’t fit
SELL · SHORTAster10.5831.3 bp−$31doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Reya