Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 27.720 | +0.0447 | pay 0.0040% / 43m | 18m 06s | $10K | $164K | 3x | Long Perpl | |
| SHORT | 27.725 | +0.0100 | get 0.0050% / 4h | 3m 06s | $1.5M | $1.6M | 50x | Short Phemex |
Price gap+0.020%
Funding gap−0.0347% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 6 hours. At the last 7 days' pace that is about 6.4 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$3−0.0347% /8h now · paid −0.028% over the last 7D
Price+$3spread +0.020% now, avg −0.006% → +0.026% if it goes back
Costsno datano order book for Perpl
Result, before costs$00.00%+ Points / potential airdropPerpl: points · farm boardcosts unknown: no order book for Perpl · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.028% in total, about −0.0013%/8h on average.
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+0.020%
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
/8hVVV on 35 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Note: Order book unknown—No order-book sample for Perpl: its slippage is not counted.
- Note: Margin at max leverage$3,333 + $200Perpl 3x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ43m / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$10.60Long Perpl: 34 payments, −$13.60; short Phemex: 6 payments, +$3.00.
- OK: Entry gap works for you+0.020% vs −0.006%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$10K vs $1.5M OIPerpl sets your exit cost. Check its book before closing.
- OK: Points on a legPerpl pointsVolume here counts toward the points program.
- Watch: KYCPerpl 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−0.0013%/8h × 21 periods−$2.80
Price spread+0.020% → −0.006% (7d avg)+$2.56
Slippage, 4 ordersno data for Perpl—
Fee Perpl bp × 2 orders−$6.90
Fee Phemex bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$19.14
Costs to cover0.189%Break-evennever at this rate
Slippage: Perpl: no order-book sample; Phemex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPerpl—————
SELL · SHORTPhemex0.9036.2 bp−$36168.9 bp−$1,689doesn’t fitdoesn’t fit
Closing costs about the same again.
Perpl: no data.
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| 09-23 15:22 | Perpl | Listing | new market VVV ($VVV) seen by our collector |
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