Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04662 | +0.0100 | pay 0.0050% / 4h | 2h 27m | $111K | $86K | 10x | Long Aster≤10% back | |
| SHORT | 0.04653 | +0.0100 | get 0.0050% / 4h | 2h 27m | $1.3M | $470K | 50x | Short Phemex |
Price gap−0.201%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.106% under its 7d average: the price leg works against you, −$11 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$450.0000% /8h now · paid −0.450% over the last 7D
Price−$11spread −0.201% now, avg −0.096% → −0.106% if it goes back
Costs−$8358.354% of $10k · taker + slippage, in and out
Result−$891−8.91%+ Points / potential airdropAster: Stage 5 · 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−0.201%
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
/8hS on 23 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size609.4 / 33.1 bpAt $10k entering Aster costs 609.4 bp, fee and slippage, 18.4× Phemex’s.
- Note: Margin at max leverage$1,000 + $200Aster 10x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: $0.00Long Aster: 6 payments, −$3.00; short Phemex: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.201% vs −0.096%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$111K vs $1.3M OIAster sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- Watch: KYCAster 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−0.0214%/8h × 21 periods−$45.01
Price spread−0.201% → −0.096% (7d avg)−$10.57
Slippage, 4 orderslive order books−$815.35
Fee Aster bp × 2 orders−$8.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$890.94
Costs to cover8.354%Break-evennever at this rate
Slippage: Aster: live order book, 54 min ago; Phemex: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAster145.05609.4 bp−$609doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhemex2.1533.1 bp−$33141.6 bp−$1,416doesn’t fitdoesn’t fit
Closing costs about the same again.
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