Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004200 | +0.0096 | pay 0.0012% / 1h | 25m 43s | $110K | $216K | 50x | Long Popdex | |
| SHORT | 0.000004218 | +0.0024 | get 0.0024% / 8h | 7h 25m | $2.4M | $5.3M | 50x | Short Phemex |
Price gap+0.429%
Funding gap−0.0072% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.795% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$10−0.0072% /8h now · paid −0.095% over the last 5 days (all we have)
Price−$80spread +0.429% now, avg +1.224% → −0.795% if it goes back
Costs−$740.740% of $10k · taker + slippage, in and out
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Phemex price against Popdexnow
RANGE STATS · 7D
Now+0.429%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPEPE on 36 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size23.9 / 17.5 bpAt $10k entering Popdex costs 23.9 bp, fee and slippage, 1.4× Phemex’s.
- Note: Margin at max leverage$200 + $200Popdex 50x, Phemex 50x. 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: −$2.17Long Popdex: 24 payments, −$2.88; short Phemex: 3 payments, +$0.71.
- Watch: Gap narrower than usual+0.429% vs +1.224%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$110K vs $2.4M OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPopdex 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−0.0060%/8h × 21 periods−$12.52
Price spread+0.429% → +1.224% (7d avg)−$79.54
Slippage, 4 orderslive order books−$55.63
Fee Popdex bp × 2 orders−$6.40
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$166.08
Costs to cover0.740%Break-evennever at this rate
Slippage: Popdex: live order book, 62 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex9.3923.9 bp−$24170.2 bp−$1,702doesn’t fitdoesn’t fit
SELL · SHORTPhemex8.4317.5 bp−$1742.0 bp−$420doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 09-23 09:30 | Phemex | Other | BTC is green. But the alts are doing the talking. $XRP +9.11% $PEPE +18.55% $ZEC +6.56% $NEAR +4.14% 👀 What are you watching? The next 100x gems? Comments below👇 @Phemex_official on X ↗ |
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