Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 99.750 | −0.0021 | get 0.0010% / 4h | 1h 44m | $788K | $72K | 100x | Long Phemex | |
| SHORT | 99.374 | L +0.1173S +0.0009 | pay 0.0001% / 1h | 44m 14s | $48K | $77K | 150x | Short gTrade (Gains Network) |
Price gap−0.377%
Funding gap+0.0012% /8h
Funding pays $0 a day on $10k, but the gap is 0.377% under zero (no 7-day history yet): −$38 if it goes back, about 4 months of funding. At the last 7 days' pace that is about 4.2 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$63+0.0012% /8h now · paid +0.633% over the last 7D
Price—spread −0.377% now · no price history on both exchanges yet
Costsno datano order book for gTrade (Gains Network)
Result, before costs—no pointsneeds both price histories
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.377%
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
/8hCL on 46 exchanges
lowest funding firstBefore you open
0 ok · 3 to watch- Note: Order book unknown—No order-book sample for gTrade (Gains Network): its slippage is not counted.
- Note: Margin at max leverage$100 + $67Phemex 100x, gTrade (Gains Network) 150x. 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: +$0.35Long Phemex: 6 payments, +$0.63; short gTrade (Gains Network): 24 payments, −$0.28.
- Note: No 7-day spread history−0.377%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$48K vs $788K OIgTrade (Gains Network) sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · gTrade (Gains Network) 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+0.0302%/8h × 21 periods+$63.32
Price spread−0.377% → 0−$37.69
Slippage, 4 ordersno data for gTrade (Gains Network)—
Fee Phemex bp × 2 orders−$12.00
Fee gTrade (Gains Network) bp × 2 orders−$8.00
Net, fees only · 7 days · $10k+$5.62
Costs to cover0.200%Break-even6.4 days
Slippage: Phemex: live order book, 55 min ago; gTrade (Gains Network): no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex1.0060.4 bp−$60139.5 bp−$1,395doesn’t fitdoesn’t fit
SELL · SHORTgTrade (Gains Network)—————
Closing costs about the same again.
gTrade (Gains Network): no data.
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