Funding arb · Price arb / Crypto
PENDLE
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7622 | +0.0096 | pay 0.0012% / 1h | 57m 09s | $304K | $459K | 5x | Long Lighter7d free | |
| SHORT | 1.7606 | +0.0100 | get 0.0100% / 8h | 57m 09s | $1.3M | $1.0M | 20x | Short Phemex |
Price gap−0.091%
Funding gap+0.0004% /8h
Funding is ≈ 0 and the gap is 0.121% under its 7d average: the price leg works against you, −$12 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$1+0.0004% /8h now · paid +0.015% over the last 7D
Price−$12spread −0.091% now, avg +0.030% → −0.121% if it goes back
Costs−$1131.127% of $10k · taker + slippage, in and out
Result−$123−1.23%+ Points / potential airdropLighter: Season 3 · 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−0.091%
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
1 ok · 5 to watch- Watch: Thin at this size21.1 / 42.8 bpAt $10k entering Phemex costs 42.8 bp, fee and slippage, 2.0× Lighter’s.
- Note: Margin at max leverage$2,000 + $500Lighter 5x, Phemex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.12Long Lighter: 24 payments, −$2.88; short Phemex: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.091% vs +0.030%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$304K vs $1.3M OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCLighter 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+0.0007%/8h × 21 periods+$1.49
Price spread−0.091% → +0.030% (7d avg)−$12.09
Slippage, 4 orderslive order books−$100.71
Fee Lighter bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$123.31
Costs to cover1.127%Break-even586.3 days
Slippage: Lighter: live order book, 32 min ago; Phemex: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter7.0521.1 bp−$21112.7 bp−$1,127doesn’t fitdoesn’t fit
SELL · SHORTPhemex7.6342.8 bp−$43162.6 bp−$1,626doesn’t fitdoesn’t fit
Closing costs about the same again.
| 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 |