Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1122 | −0.0200 | get 0.0025% / 1h | 32m 48s | $146K | $556K | 50x | Long ApeX Omni5% off | |
| SHORT | 0.1120 | +0.0100 | get 0.0050% / 4h | 1h 32m | $1.2M | $1.4M | 50x | Short Phemex |
Price gap−0.160%62s
Funding gap+0.0300% /8h
Funding pays +$9 a day on $10k, but the gap is 0.135% under its 7d average: −$13 if it goes back, about 36 hours of funding. At the last 7 days' pace that is about 12 days.
The two prices were read 62 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+$8+0.0300% /8h now · paid +0.075% over the last 7D
Price—spread −0.160%62s now · prices read too far apart to compare
Costs−$1161.159% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.075% in total, about +0.0038%/8h on average.
Price and funding
1h · historyEntry / ExitApeX Omni: thin, under $1M open interest
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−0.160%
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
/8hPOL on 27 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size17.9 / 39.9 bpAt $10k entering Phemex costs 39.9 bp, fee and slippage, 2.2× ApeX Omni’s.
- Note: Margin at max leverage$200 + $200ApeX Omni 50x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$9.01Long ApeX Omni: 24 payments, +$6.01; short Phemex: 6 payments, +$3.00.
- Watch: Prices read 62 s apart−0.160% vs −0.025%Part of this gap may be the market moving.
- Watch: Long leg is thinner$146K vs $1.2M OIApeX Omni sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCApeX Omni 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+0.0038%/8h × 21 periods+$8.00
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$93.91
Fee ApeX Omni bp × 2 orders−$10.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$107.90
price spread not counted: prices read too far apartCosts to cover1.159%Break-even101.4 days
Slippage: ApeX Omni: live order book, 60 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGApeX Omni8.8517.9 bp−$18127.9 bp−$1,279doesn’t fitdoesn’t fit
SELL · SHORTPhemex0.4539.9 bp−$40151.4 bp−$1,514doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | Reya | Listing | POLRUSDPERP no longer reported ($POL) seen by our collector |
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