Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2577 | +0.0100 | pay 0.0050% / 4h | 2h 58m | $1.8M | $2.2M | 50x | Long Phemex | |
| SHORT | 0.2588 | +0.0100 | get 0.0013% / 1h | 58m 33s | $4K | $514K | 25x | Short ApeX Omni5% off |
Price gap+0.427%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$42 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−$10.0000% /8h now · paid −0.012% over the last 7D
Price+$42spread +0.427% now, avg +0.002% → +0.425% if it goes back
Costs−$1311.313% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.427%
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
/8hWIF on 33 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size46.7 / 18.1 bpAt $10k entering Phemex costs 46.7 bp, fee and slippage, 2.6× ApeX Omni’s.
- Note: Margin at max leverage$200 + $400Phemex 50x, ApeX Omni 25x. 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: $0.00Long Phemex: 6 payments, −$3.00; short ApeX Omni: 24 payments, +$3.00.
- OK: Entry gap works for you+0.427% vs +0.002%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$4K vs $1.8M OIApeX Omni sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · ApeX Omni 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−0.0006%/8h × 21 periods−$1.25
Price spread+0.427% → +0.002% (7d avg)+$42.47
Slippage, 4 orderslive order books−$109.27
Fee Phemex bp × 2 orders−$12.00
Fee ApeX Omni bp × 2 orders−$10.00
Net · 7 days · $10k−$90.05
Costs to cover1.313%Break-evennever at this rate
Slippage: Phemex: live order book, 3 min ago; ApeX Omni: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex3.8646.7 bp−$47168.8 bp−$1,688doesn’t fitdoesn’t fit
SELL · SHORTApeX Omni9.7018.1 bp−$18114.9 bp−$1,149doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | WIFRUSDPERP no longer reported ($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