Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3656 | +0.0100 | pay 0.0100% / 8h | 47m 57s | $1.3M | $759K | 50x | Long Phemex | |
| SHORT | 0.3660 | +0.0711 | get 0.0089% / 1h | 47m 57s | $2K | $110K | 10x | Short Injective |
Price gap+0.120%421s
Funding gap+0.0611% /8h
Both sides work: funding pays +$18 a day on $10k, and the gap is 0.163% above its 7d average: +$16 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$232+0.0611% /8h now · paid +2.316% over the last 7D
Price—spread +0.120%421s now · prices read too far apart to compare
Costsno datano order book for Injective
Result, before costs—no pointsneeds both prices read together
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+0.120%
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$200 + $1,000Phemex 50x, Injective 10x. 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: +$18.34Long Phemex: 3 payments, −$3.00; short Injective: 24 payments, +$21.34.
- Watch: Prices read 7 min apart+0.120% vs −0.042%Part of this gap may be the market moving.
- Watch: Short 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: KYCPhemex Yes · Injective 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+0.1103%/8h × 21 periods+$231.63
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Injective—
Fee Phemex bp × 2 orders−$12.00
Fee Injective bp × 2 orders−$0.02
Net, fees only · 7 days · $10k+$219.61
price spread not counted: prices read too far apartCosts to cover0.120%Break-even0.4 days
Slippage: Phemex: live order book, 2 min ago; Injective: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex2.7330.7 bp−$31161.4 bp−$1,614doesn’t fitdoesn’t fit
SELL · SHORTInjective—————
Closing costs about the same again.
Injective: no data.