Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.005819 | +0.0100 | pay 0.0013% / 1h | 49m 23s | $127K | $348K | 10x | Long Bulk | |
| SHORT | 0.005814 | +0.0100 | get 0.0050% / 4h | 1h 49m | $1.4M | $3.5M | 20x | Short Phemex |
Price gap−0.086%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.094% under its 7d average: the price leg works against you, −$9 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$130.0000% /8h now · paid −0.130% over the last 5 days (all we have)
Price−$9spread −0.086% now, avg +0.008% → −0.094% if it goes back
Costs−$450.446% 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 Bulknow
RANGE STATS · 7D
Now−0.086%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPUMP on 42 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size5.0 / 18.7 bpAt $10k entering Phemex costs 18.7 bp, fee and slippage, 3.8× Bulk’s.
- Note: Margin at max leverage$1,000 + $500Bulk 10x, Phemex 20x. 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: $0.00Long Bulk: 24 payments, −$3.00; short Phemex: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.086% vs +0.008%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$127K vs $1.4M OIBulk sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBulk 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−0.0080%/8h × 21 periods−$16.74
Price spread−0.086% → +0.008% (7d avg)−$9.40
Slippage, 4 orderslive order books−$25.56
Fee Bulk bp × 2 orders−$7.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$70.70
Costs to cover0.446%Break-evennever at this rate
Slippage: Bulk: live order book, 10 min ago; Phemex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBulk0.015.0 bp−$56.6 bp−$66doesn’t fitdoesn’t fit
SELL · SHORTPhemex3.4318.7 bp−$1938.0 bp−$380doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 09-18 16:36 | RISEx | Other | Privacy is still holding with $ZEC in its second straight week as a top gainer: +12.34% to +35.35%. Everything else on the weekly board turned over. Oil went from a gainer to a loser (CL and BZ both went a full round trip), while $PUMP went from -15.44% to +10.44% this week. @risextrade on X ↗ |


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