Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 18.495 | 0 | 0.0000% / 8h | 16m 15s | $1.5M | $422K | 10x | Long Phemex | |
| SHORT | 18.479 | +0.0050 | get 0.0006% / 1h | 16m 15s | $1.3M | $385K | 10x | Short tradeXYZ |
Price gap−0.089%
Funding gap+0.0050% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.100% above its 7d average: +$10 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$59+0.0050% /8h now · paid +0.589% over the last 7D
Price+$10spread −0.089% now, avg −0.189% → +0.100% if it goes back
Costs−$1381.377% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.089%
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
/8hKSTR on 15 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size54.9 / 7.2 bpAt $10k entering Phemex costs 54.9 bp, fee and slippage, 7.6× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + $1,000Phemex 10x, tradeXYZ 10x. 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: +$1.50Long Phemex: 3 payments, $0.00; short tradeXYZ: 24 payments, +$1.50.
- OK: Entry gap works for you−0.089% vs −0.189%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Short leg is thinner$1.3M vs $1.5M OIBoth legs are deep; tradeXYZ is the smaller one.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCPhemex Yes · tradeXYZ 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+0.0280%/8h × 21 periods+$58.86
Price spread−0.089% → −0.189% (7d avg)+$10.01
Slippage, 4 orderslive order books−$123.85
Fee Phemex bp × 2 orders−$12.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$68.77
Costs to cover1.377%Break-even15.2 days
Slippage: Phemex: live order book, 1 min ago; tradeXYZ: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex8.1154.9 bp−$55doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ4.607.2 bp−$734.5 bp−$345doesn’t fitdoesn’t fit
Closing costs about the same again.
OKX