Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04615 | +0.0100 | pay 0.0050% / 4h | 3h 15m | $1.3M | $484K | 50x | Long Phemex | |
| SHORT | 0.04651 | +0.0100 | get 0.0050% / 4h | 3h 15m | $110K | $85K | 10x | Short Aster≤10% back |
Price gap+0.780%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$68 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+$450.0000% /8h now · paid +0.450% over the last 7D
Price+$68spread +0.780% now, avg +0.095% → +0.685% if it goes back
Costs−$8398.393% of $10k · taker + slippage, in and out
Result−$726−7.26%+ 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+0.780%
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
3 ok · 3 to watch- Watch: Thin at this size37.4 / 157.2 bpAt $10k entering Aster costs 157.2 bp, fee and slippage, 4.2× Phemex’s.
- Note: Margin at max leverage$200 + $1,000Phemex 50x, Aster 10x. 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 Phemex: 6 payments, −$3.00; short Aster: 6 payments, +$3.00.
- OK: Entry gap works for you+0.780% vs +0.095%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$110K 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: KYCPhemex Yes · Aster 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+0.0214%/8h × 21 periods+$45.01
Price spread+0.780% → +0.095% (7d avg)+$68.46
Slippage, 4 orderslive order books−$819.27
Fee Phemex bp × 2 orders−$12.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$725.80
Costs to cover8.393%Break-even119.9 days
Slippage: Phemex: live order book, 4 min ago; Aster: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex4.3437.4 bp−$37174.1 bp−$1,741doesn’t fitdoesn’t fit
SELL · SHORTAster145.05157.2 bp−$157doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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