Funding arb · Price arb /

CSCO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Phemex against Extended+0.260%7-day average +0.172% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1311.312% of the position

Long on Extended Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.361%−$36 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.260%, 7d avg +0.172%

Together, before fees−0.440%+ Points / potential airdropExtended: Active · farm board−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.088% dearer against Extended than usual: you sell high and buy low (spread +0.260% now, against its 7-day average of +0.172%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CSCO_24_5-USD	111.38	0.0104	pay 0.0013% / 1h	12m 47s	$232K	$2K	10x
Short	Phemex CSCOUSDT	111.67	0	get 0.0000% / 8h	5h 12m	$1.3M	$35K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee PhemexbpOrdersPrice spread, now +0.260%Rate

Funding earned: −$21.84
Price spread: +0.260% → +0.172%: $8.82
Slippage, 4 orders: −$114.22
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$144.24
Costs to cover: 1.312%
Break-even: never at this rate

Slippage from Extended: live order book, 49 min ago; Phemex: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 49 min ago	18.40 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	2.69 bp	47.5 bp −$47	doesn't fit	doesn't fit	doesn't fit

CSCO on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CSCOUSDT	0.0000%	8h	111.52	+0.126%	$4K	$6K	20x	as long as short
Binance CSCOUSDT	0.0000%	8h	111.62	+0.215%	$739K	$448K	20x	as long as short
Bybit CSCOUSDT	0.0000%	8h	111.51	+0.117%	$417K	$59K	25x	as long as short
OKX CSCO-USDT-SWAP	0.0000%	8h	111.43	+0.045%	$282K	$151K	20x	as long as short
Gate CSCO_USDT	0.0000%	8h	111.49	+0.099%	$303K	$7K	25x	as long as short
Bitget CSCOUSDT	0.0000%	8h	111.60	+0.198%	$337K	$74K	20x	as long as short
Variational Omni CSCO	0.0000%	8h	111.64	+0.236%	$39K	$8K	—	as long as short
SunX CSCO-USDT	0.0000%	8h	111.66	+0.251%	$2K	$1.3M	10x	as long as short
HTX CSCO-USDT	0.0000%	8h	111.75	+0.332%	$6K	$3K	10x	as long as short
Phemex CSCOUSDTshort	0.0000%	8h	111.67	+0.260%	$1.3M	$35K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CSCO_USDT_Perp	+0.0024%	8h	111.66	+0.247%	$700	$194K	10x	as long as short
KuCoin CSCOUSDTM	+0.0100%	8h	111.34	−0.036%	$327K	$681K	20x	as long as short
Extended CSCO_24_5-USDlong	+0.0104%	1h	111.38	long leg	$232K	$2K	10x