Funding arb · Price arb / Crypto
PENDLE
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.3458 | +0.0100 | pay 0.0100% / 8h | 3h 01m | $634K | $352K | 10x | Long GRVT | |
| SHORT | 2.3463 | +0.0100 | get 0.0100% / 8h | 3h 01m | $1.2M | $1.1M | 20x | Short Phemex |
Price gap+0.023%62s
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$2 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+$40.0000% /8h now · paid +0.037% over the last 7D
Price—spread +0.023%62s now · prices read too far apart to compare
Costs−$1191.190% of $10k · taker + slippage, in and out
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+0.023%
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 size15.4 / 35.2 bpAt $10k entering Phemex costs 35.2 bp, fee and slippage, 2.3× GRVT’s.
- Note: Margin at max leverage$1,000 + $500GRVT 10x, Phemex 20x. 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 GRVT: 3 payments, −$3.00; short Phemex: 3 payments, +$3.00.
- Watch: Prices read 62 s apart+0.023% vs +0.001%Part of this gap may be the market moving.
- Watch: Long leg is thinner$634K vs $1.2M OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCGRVT 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+0.0018%/8h × 21 periods+$3.76
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$97.96
Fee GRVT bp × 2 orders−$9.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$115.20
price spread not counted: prices read too far apartCosts to cover1.190%Break-even221.6 days
Slippage: GRVT: live order book, 42 min ago; Phemex: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT2.5615.4 bp−$1528.1 bp−$281doesn’t fitdoesn’t fit
SELL · SHORTPhemex1.9235.2 bp−$35154.7 bp−$1,547doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | PENDLERUSDPERP no longer reported ($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