Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 522.12 | 0 | 0.0000% / 8h | 2h 49m | $1.6M | $2.7M | 10x | Long Phemex | |
| SHORT | 521.36 | −0.0718 | pay 0.0090% / 1h | 49m 15s | $4K | $55K | 7x | Short Reya |
Price gap−0.145%
Funding gap−0.0718% /8h
Both sides work against this direction now: funding costs $22 a day on $10k and the gap is 0.145% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—−0.0718% /8h now · no funding history yet
Price—spread −0.145% now · no price history on both exchanges yet
Costsno datano order book for Reya
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.145%
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
/8hAMD on 39 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for Reya: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $1,429Phemex 10x, Reya 7x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$21.54Long Phemex: 3 payments, $0.00; short Reya: 24 payments, −$21.54.
- Note: No 7-day spread history−0.145%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$4K vs $1.6M OIReya sets your exit cost. Check its book before closing.
- OK: Points on a legReya pointsVolume here counts toward the points program.
- Watch: KYCPhemex Yes · Reya 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 earnedno history yet: current rate−$150.78
Price spread−0.145% → 0−$14.48
Slippage, 4 ordersno data for Reya—
Fee Phemex bp × 2 orders−$12.00
Fee Reya bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$183.26
Costs to cover0.180%Break-evennever at this rate
Slippage: Phemex: live order book, 3 min ago; Reya: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex3.6314.9 bp−$1571.5 bp−$715doesn’t fitdoesn’t fit
SELL · SHORTReya—————
Closing costs about the same again.
Reya: no data.
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