Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2403 | +0.0104 | pay 0.0013% / 1h | 25m 29s | $17K | $231K | 25x | Long Extended10% off | |
| SHORT | 0.2401 | +0.0100 | get 0.0050% / 4h | 25m 29s | $1.7M | $1.8M | 50x | Short Phemex |
Price gap−0.082%
Funding gap−0.0004% /8h
Funding is ≈ 0 and the gap is 0.127% under its 7d average: the price leg works against you, −$13 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0004% /8h now · paid −0.011% over the last 7D
Price−$13spread −0.082% now, avg +0.045% → −0.127% if it goes back
Costs−$1291.289% of $10k · taker + slippage, in and out
Result−$143−1.43%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Phemex price against Extendednow
RANGE STATS · 7D
Now−0.082%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hWIF on 32 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size20.8 / 44.2 bpAt $10k entering Phemex costs 44.2 bp, fee and slippage, 2.1× Extended’s.
- Note: Margin at max leverage$400 + $200Extended 25x, Phemex 50x. 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: −$0.12Long Extended: 24 payments, −$3.12; short Phemex: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.082% vs +0.045%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$17K vs $1.7M OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCExtended 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−0.0005%/8h × 21 periods−$1.06
Price spread−0.082% → +0.045% (7d avg)−$12.72
Slippage, 4 orderslive order books−$111.91
Fee Extended bp × 2 orders−$5.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$142.70
Costs to cover1.289%Break-evennever at this rate
Slippage: Extended: live order book, 5 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended8.3020.8 bp−$21140.4 bp−$1,404doesn’t fitdoesn’t fit
SELL · SHORTPhemex2.0844.2 bp−$44doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | WIFRUSDPERP no longer reported ($WIF) seen by our collector |
| 09-23 12:07 | Phemex | Listing | 🚀 New listing: $WIF Perps (@dogwifcoin) $WIF/USDT futures are now live on Phemex with up to 20x leverage. 🔗 Trade here: @Phemex_official on X ↗ |
| 09-23 09:31 | Phemex | Listing | new market WIFUSDT ($WIF) seen by our collector |
| 09-22 07:03 | ApeX Omni | Other | 59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗ |
Reya
ApeX Omni