Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 901.17 | +0.0100 | pay 0.0100% / 8h | 3h 04m | $990K | $1.7M | 10x | Long Phemex | |
| SHORT | 899.74 | +0.0032 | get 0.0004% / 1h | 4m 55s | $574K | $3.8M | 10x | Short Extended10% off |
Price gap−0.159%57s
Funding gap−0.0068% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 2.2 days. At the last 7 days' pace that is about 13 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.0068% /8h now · paid −0.024% over the last 7D
Price—spread −0.159%57s now · prices read too far apart to compare
Costs−$660.664% 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−0.159%
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
1 ok · 5 to watch- Watch: Thin at this size26.4 / 3.2 bpAt $10k entering Phemex costs 26.4 bp, fee and slippage, 8.1× Extended’s.
- Note: Margin at max leverage$1,000 + $1,000Phemex 10x, Extended 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: −$2.04Long Phemex: 3 payments, −$3.00; short Extended: 24 payments, +$0.96.
- Watch: Prices read 57 s apart−0.159% vs −0.203%Part of this gap may be the market moving.
- Watch: Short leg is thinner$574K vs $990K OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCPhemex Yes · Extended 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−0.0011%/8h × 21 periods−$2.36
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$49.43
Fee Phemex bp × 2 orders−$12.00
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$68.79
price spread not counted: prices read too far apartCosts to cover0.664%Break-evennever at this rate
Slippage: Phemex: live order book, 6 min ago; Extended: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex1.1726.4 bp−$26106.8 bp−$1,068doesn’t fitdoesn’t fit
SELL · SHORTExtended0.173.2 bp−$311.9 bp−$119doesn’t fitdoesn’t fit
Closing costs about the same again.
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