Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2431 | +0.1497 | pay 0.0187% / 1h | 32m 41s | $4K | $28K | 10x | Long Injective | |
| SHORT | 0.2419 | +0.0100 | get 0.0050% / 4h | 32m 41s | $1.7M | $1.8M | 50x | Short Phemex |
Price gap−0.494%
Funding gap−0.1397% /8h
Both sides work against this direction now: funding costs $42 a day on $10k and the gap is 0.494% under zero (no 7-day history yet). Swap the legs.
Funding on this pair paid 0.435% 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+$43−0.1397% /8h now · paid +0.435% over the last 7D
Price—spread −0.494% now · no price history on both exchanges yet
Costsno datano order book for Injective
Result, before costs—no pointsneeds both price histories
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.435% in total, about +0.0213%/8h on average.
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 Injectivenow
RANGE STATS · 7D
Now−0.494%
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
0 ok · 3 to watch- Note: Order book unknown—No order-book sample for Injective: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $200Injective 10x, 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: −$41.92Long Injective: 24 payments, −$44.92; short Phemex: 6 payments, +$3.00.
- Note: No 7-day spread history−0.494%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$4K vs $1.7M OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCInjective 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+0.0213%/8h × 21 periods+$44.70
Price spread−0.494% → 0−$49.36
Slippage, 4 ordersno data for Injective—
Fee Injective bp × 2 orders−$0.02
Fee Phemex bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$16.68
Costs to cover0.120%Break-even9.6 days
Slippage: Injective: no order-book sample; Phemex: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGInjective—————
SELL · SHORTPhemex6.2039.5 bp−$40doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Injective: no data.
| 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 ↗ |


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