Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.005770 | +0.0100 | pay 0.0050% / 4h | 2h 33m | $1.4M | $3.5M | 20x | Long Phemex | |
| SHORT | 0.005856 | +0.0100 | get 0.0013% / 1h | 33m 31s | $128K | $357K | 10x | Short Bulk |
Price gap+1.490%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$150 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$130.0000% /8h now · paid +0.128% over the last 5 days (all we have)
Price+$150spread +1.490% now, avg −0.005% → +1.496% if it goes back
Costs−$560.564% 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
Bulk price against Phemexnow
RANGE STATS · 7D
Now+1.490%
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
1 ok · 4 to watch- Watch: Thin at this size16.8 / 5.8 bpAt $10k entering Phemex costs 16.8 bp, fee and slippage, 2.9× Bulk’s.
- Note: Margin at max leverage$500 + $1,000Phemex 20x, Bulk 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long Phemex: 6 payments, −$3.00; short Bulk: 24 payments, +$3.00.
- OK: Entry gap works for you+1.490% vs −0.005%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$128K vs $1.4M OIBulk sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · Bulk 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+0.0079%/8h × 21 periods+$16.67
Price spread+1.490% → −0.005% (7d avg)+$149.57
Slippage, 4 orderslive order books−$37.36
Fee Phemex bp × 2 orders−$12.00
Fee Bulk bp × 2 orders−$7.00
Net · 7 days · $10k+$109.88
Costs to cover0.564%Break-evenfrom the start
Slippage: Phemex: live order book, 5 min ago; Bulk: live order book, 30 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex6.8316.8 bp−$1731.0 bp−$310doesn’t fitdoesn’t fit
SELL · SHORTBulk1.085.8 bp−$67.7 bp−$77doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 15:17 | OKX | Other | New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗ |
| 09-28 15:16 | Phoenix | Contest | It’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗ |
| 09-25 14:48 | Phoenix | Contest | $SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗ |
| 09-24 14:13 | Bulk | Other | PUMP IT Trade $PUMP by @Pumpfun with up to 10x leverage now on @bulktrade on X ↗ |
| 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 ↗ |
OKX
Phoenix
RISEx