Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 638.40 | 0 | 0.0000% / 4h | 2h 48m | $576K | $204K | 10x | Long Phemex | |
| SHORT | 636.77 | −0.0128 | pay 0.0016% / 1h | 48m 10s | $1K | $84K | 6x | Short Reya |
Price gap−0.256%
Funding gap−0.0128% /8h
Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.256% 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−$28−0.0128% /8h now · paid −0.275% over the last 7D
Price—spread −0.256% now · no price history on both exchanges yet
Costsno datano order book for Reya
Result, before costs—+ Points / potential airdropReya: points · farm boardneeds both price histories
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.256%
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
/8hMETA on 44 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 + $1,667Phemex 10x, Reya 6x. 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: −$3.84Long Phemex: 6 payments, $0.00; short Reya: 24 payments, −$3.84.
- Note: No 7-day spread history−0.256%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$1K vs $576K 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 earned−0.0131%/8h × 21 periods−$27.51
Price spread−0.256% → 0−$25.56
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−$71.07
Costs to cover0.180%Break-evennever at this rate
Slippage: Phemex: live order book, 61 min ago; Reya: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex1.9911.3 bp−$1134.4 bp−$344doesn’t fitdoesn’t fit
SELL · SHORTReya—————
Closing costs about the same again.
Reya: no data.
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