Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1131 | −0.0080 | get 0.0010% / 1h | 27m 23s | $115K | $993K | 10x | Long Extended10% off | |
| SHORT | 0.1133 | +0.0100 | get 0.0050% / 4h | 2h 27m | $1.2M | $1.5M | 50x | Short Phemex |
Price gap+0.101%
Funding gap+0.0180% /8h
Both sides work: funding pays +$5 a day on $10k, and the gap is 0.052% above its 7d average: +$5 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$22+0.0180% /8h now · paid +0.221% over the last 7D
Price+$5spread +0.101% now, avg +0.049% → +0.052% if it goes back
Costs−$1161.163% of $10k · taker + slippage, in and out
Result−$89−0.89%+ Points / potential airdropExtended: points · 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+0.101%
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
2 ok · 4 to watch- Watch: Thin at this size17.0 / 45.5 bpAt $10k entering Phemex costs 45.5 bp, fee and slippage, 2.7× Extended’s.
- Note: Margin at max leverage$1,000 + $200Extended 10x, 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: +$5.40Long Extended: 24 payments, +$2.40; short Phemex: 6 payments, +$3.00.
- OK: Entry gap works for you+0.101% vs +0.049%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$115K vs $1.2M OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCExtended 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+0.0105%/8h × 21 periods+$22.09
Price spread+0.101% → +0.049% (7d avg)+$5.21
Slippage, 4 orderslive order books−$99.31
Fee Extended bp × 2 orders−$5.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$89.01
Costs to cover1.163%Break-even35.2 days
Slippage: Extended: live order book, 37 min ago; Phemex: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended2.0817.0 bp−$17212.5 bp−$2,125doesn’t fitdoesn’t fit
SELL · SHORTPhemex6.6145.5 bp−$45173.5 bp−$1,735doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | Reya | Listing | POLRUSDPERP no longer reported ($POL) seen by our collector |
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