Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4502 | +0.0100 | pay 0.0100% / 8h | 1h 44m | $1.3M | $2.5M | 50x | Long Phemex | |
| SHORT | 0.4498 | +0.0104 | get 0.0013% / 1h | 44m 35s | $510K | $6.6M | 25x | Short Extended10% off |
Price gap−0.084%
Funding gap+0.0004% /8h
Funding is ≈ 0 and the gap is 0.027% under its 7d average: the price leg works against you, −$3 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2+0.0004% /8h now · paid −0.023% over the last 7D
Price−$3spread −0.084% now, avg −0.057% → −0.027% if it goes back
Costs−$970.969% of $10k · taker + slippage, in and out
Result−$102−1.02%+ 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−0.084%
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 · 5 to watch- Watch: Thin at this size32.6 / 17.1 bpAt $10k entering Phemex costs 32.6 bp, fee and slippage, 1.9× Extended’s.
- Note: Margin at max leverage$200 + $400Phemex 50x, Extended 25x. 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: +$0.12Long Phemex: 3 payments, −$3.00; short Extended: 24 payments, +$3.12.
- Watch: Gap narrower than usual−0.084% vs −0.057%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short 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: KYCPhemex Yes · Extended 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−0.0011%/8h × 21 periods−$2.33
Price spread−0.084% → −0.057% (7d avg)−$2.69
Slippage, 4 orderslive order books−$79.90
Fee Phemex bp × 2 orders−$12.00
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$101.92
Costs to cover0.969%Break-evennever at this rate
Slippage: Phemex: live order book, 5 min ago; Extended: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex1.1132.6 bp−$33151.0 bp−$1,510doesn’t fitdoesn’t fit
SELL · SHORTExtended5.5717.1 bp−$1794.6 bp−$946doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya