Funding arb · Price arb / Crypto
USELESS
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2431 | +0.0345 | pay 0.0172% / 4h | 1h 11m | $418K | $1.6M | 20x | Long Phemex | |
| SHORT | 0.2432 | +0.0391 | get 0.0049% / 1h | 11m 18s | $203K | $389K | 10x | Short Arcus5% off |
Price gap+0.012%
Funding gap+0.0046% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.076% above its 7d average: +$8 more if it goes back.
Funding on this pair cost 0.501% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$50+0.0046% /8h now · paid −0.501% over the last 6 days (all we have)
Price+$8spread +0.012% now, avg −0.064% → +0.076% if it goes back
Costs−$1461.464% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.012%
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 size51.6 / 11.6 bpAt $10k entering Phemex costs 51.6 bp, fee and slippage, 4.4× Arcus’s.
- Note: Margin at max leverage$500 + $1,000Phemex 20x, Arcus 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: +$1.39Long Phemex: 6 payments, −$10.34; short Arcus: 24 payments, +$11.73.
- OK: Entry gap works for you+0.012% vs −0.064%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$203K vs $418K OIArcus sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · Arcus 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−0.0283%/8h × 21 periods−$59.37
Price spread+0.012% → −0.064% (7d avg)+$7.63
Slippage, 4 orderslive order books−$129.88
Fee Phemex bp × 2 orders−$12.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k−$198.12
Costs to cover1.464%Break-evennever at this rate
Slippage: Phemex: live order book, 4 min ago; Arcus: live order book, 51 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex27.1851.6 bp−$52153.5 bp−$1,535doesn’t fitdoesn’t fit
SELL · SHORTArcus7.9211.6 bp−$1230.2 bp−$302doesn’t fitdoesn’t fit
Closing costs about the same again.
Nado