Funding arb · Price arb / Crypto
PENDLE
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.3406 | +0.0100 | pay 0.0050% / 4h | 55m 05s | $23K | $332K | 10x | Long edgeX | |
| SHORT | 2.3485 | +0.0100 | get 0.0100% / 8h | 4h 55m | $1.2M | $1.1M | 20x | Short Phemex |
Price gap+0.338%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$28 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 −0.020% over the last 7D
Price+$28spread +0.338% now, avg +0.054% → +0.284% if it goes back
Costs−$820.823% of $10k · taker + slippage, in and out
Result−$56−0.56%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.338%
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
/8hPENDLE on 31 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size6.3 / 33.2 bpAt $10k entering Phemex costs 33.2 bp, fee and slippage, 5.3× edgeX’s.
- Note: Margin at max leverage$1,000 + $500edgeX 10x, Phemex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long edgeX: 6 payments, −$3.00; short Phemex: 3 payments, +$3.00.
- OK: Entry gap works for you+0.338% vs +0.054%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$23K vs $1.2M OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCedgeX 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−0.0010%/8h × 21 periods−$2.17
Price spread+0.338% → +0.054% (7d avg)+$28.37
Slippage, 4 orderslive order books−$61.32
Fee edgeX bp × 2 orders−$9.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$56.12
Costs to cover0.823%Break-evennever at this rate
Slippage: edgeX: live order book, 22 min ago; Phemex: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX1.286.3 bp−$668.4 bp−$684doesn’t fitdoesn’t fit
SELL · SHORTPhemex2.7733.2 bp−$33167.9 bp−$1,679doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | PENDLERUSDPERP no longer reported ($PENDLE) seen by our collector |
| 09-24 18:20 | Phemex | Other | Phemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗ |
| 09-24 09:36 | Phemex | Listing | new market PENDLEUSDT ($PENDLE) seen by our collector |
Reya