Funding arb · Price arb / Crypto
PENDLE
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.3583 | +0.0100 | pay 0.0100% / 8h | 4h 12m | $1.2M | $1.1M | 20x | Long Phemex | |
| SHORT | 2.3590 | +0.0100 | get 0.0050% / 4h | 12m 18s | $23K | $335K | 10x | Short edgeX |
Price gap+0.030%78s
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$8 on $10k if the gap goes back to its 7d average.
The two prices were read 78 s apart: part of this gap may be the market moving.
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—spread +0.030%78s now · prices read too far apart to compare
Costs−$870.872% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.030%
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 size35.9 / 6.4 bpAt $10k entering Phemex costs 35.9 bp, fee and slippage, 5.6× edgeX’s.
- Note: Margin at max leverage$500 + $1,000Phemex 20x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long Phemex: 3 payments, −$3.00; short edgeX: 6 payments, +$3.00.
- Watch: Prices read 78 s apart+0.030% vs −0.054%Part of this gap may be the market moving.
- Watch: Short 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: KYCPhemex Yes · edgeX 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+0.0010%/8h × 21 periods+$2.16
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$66.18
Fee Phemex bp × 2 orders−$12.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$85.03
price spread not counted: prices read too far apartCosts to cover0.872%Break-even283.0 days
Slippage: Phemex: live order book, 2 min ago; edgeX: live order book, 65 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex6.7835.9 bp−$36149.7 bp−$1,497doesn’t fitdoesn’t fit
SELL · SHORTedgeX1.286.4 bp−$665.5 bp−$655doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | PENDLERUSDPERP no longer reported ($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