Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 961.95 | +0.0036 | pay 0.0005% / 1h | 13m 29s | $5K | $169K | 10x | Long Aftermath Perps5% off | |
| SHORT | 962.73 | +0.0100 | get 0.0100% / 8h | 3h 13m | $1.7M | $1.4M | 10x | Short Phemex |
Price gap+0.081%
Funding gap+0.0064% /8h
Funding pays +$2 a day on $10k, but the gap is 0.067% under its 7d average: −$7 if it goes back, about 3.5 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$15+0.0064% /8h now · paid −0.151% over the last 7D
Price−$7spread +0.081% now, avg +0.148% → −0.067% if it goes back
Costs−$1041.040% 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+0.081%
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
/8hMU on 46 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size20.2 / 32.6 bpAt $10k entering Phemex costs 32.6 bp, fee and slippage, 1.6× Aftermath Perps’s.
- Note: Margin at max leverage$1,000 + $1,000Aftermath Perps 10x, 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: +$1.91Long Aftermath Perps: 24 payments, −$1.09; short Phemex: 3 payments, +$3.00.
- Watch: Gap narrower than usual+0.081% vs +0.148%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$5K vs $1.7M OIAftermath Perps sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCAftermath Perps 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−0.0072%/8h × 21 periods−$15.14
Price spread+0.081% → +0.148% (7d avg)−$6.70
Slippage, 4 orderslive order books−$82.98
Fee Aftermath Perps bp × 2 orders−$9.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$125.82
Costs to cover1.040%Break-evennever at this rate
Slippage: Aftermath Perps: live order book, 29 min ago; Phemex: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAftermath Perps9.8620.2 bp−$20doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhemex3.5332.6 bp−$33119.0 bp−$1,190doesn’t fitdoesn’t fit
Closing costs about the same again.
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