Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 64.757 | −0.2119 | get 0.0265% / 1h | 55m 52s | $19K | $119K | 5x | Long Reya | |
| SHORT | 65.100 | 0 | 0.0000% / 8h | 3h 55m | $947K | $765K | 10x | Short Phemex |
Price gap+0.530%
Funding gap+0.2119% /8h
Both sides work: funding pays +$64 a day on $10k, and the gap is 0.296% above its 7d average: +$30 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$48+0.2119% /8h now · paid +0.477% over the last 7D
Price+$30spread +0.530% now, avg +0.233% → +0.296% if it goes back
Costsno datano order book for Reya
Result, before costs+$77+0.77%+ Points / potential airdropReya: points · farm boardcosts unknown: no order book for Reya · What the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.477% in total, about +0.0227%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.530%
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
/8hINTC on 43 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Note: Order book unknown—No order-book sample for Reya: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $1,000Reya 5x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$63.57Long Reya: 24 payments, +$63.57; short Phemex: 3 payments, $0.00.
- OK: Entry gap works for you+0.530% vs +0.233%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$19K vs $947K OIReya sets your exit cost. Check its book before closing.
- OK: Points on a legReya pointsVolume here counts toward the points program.
- Watch: KYCReya 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+0.0227%/8h × 21 periods+$47.68
Price spread+0.530% → +0.233% (7d avg)+$29.62
Slippage, 4 ordersno data for Reya—
Fee Reya bp × 2 orders−$6.00
Fee Phemex bp × 2 orders−$12.00
Net, fees only · 7 days · $10k+$59.30
Costs to cover0.180%Break-evenfrom the start
Slippage: Reya: no order-book sample; Phemex: live order book, 43 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGReya—————
SELL · SHORTPhemex3.8412.5 bp−$1223.2 bp−$232doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya: no data.
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