Funding arb · Price arb / Crypto
USELESS
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2504 | +0.0100 | pay 0.0013% / 1h | 45m 25s | $203K | $415K | 10x | Long Arcus5% off | |
| SHORT | 0.2516 | +0.0100 | get 0.0050% / 4h | 1h 45m | $448K | $1.5M | 20x | Short Phemex |
Price gap+0.491%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$43 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+$500.0000% /8h now · paid +0.501% over the last 6 days (all we have)
Price+$43spread +0.491% now, avg +0.064% → +0.427% if it goes back
Costs−$1561.560% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.491%
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
/8hUSELESS on 26 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size19.7 / 70.7 bpAt $10k entering Phemex costs 70.7 bp, fee and slippage, 3.6× Arcus’s.
- Note: Margin at max leverage$1,000 + $500Arcus 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 Arcus: 24 payments, −$3.00; short Phemex: 6 payments, +$3.00.
- OK: Entry gap works for you+0.491% vs +0.064%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$203K vs $448K OIArcus sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCArcus 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+0.0284%/8h × 21 periods+$59.61
Price spread+0.491% → +0.064% (7d avg)+$42.73
Slippage, 4 orderslive order books−$139.50
Fee Arcus bp × 2 orders−$4.50
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$53.66
Costs to cover1.560%Break-even13.3 days
Slippage: Arcus: live order book, 17 min ago; Phemex: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus7.9219.7 bp−$2032.7 bp−$327doesn’t fitdoesn’t fit
SELL · SHORTPhemex30.8970.7 bp−$71178.7 bp−$1,787doesn’t fitdoesn’t fit
Closing costs about the same again.
Nado