Funding arb · Price arb /

PATH

RWAall PATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.1452%/8h= +159.0% APRnext payment +$14.52 per $10,000 · paid last 24h —

Price spread now: BloFin against Phemex−0.217%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.217% cheaper against Phemex than usual: you would sell low and buy high (spread −0.217% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 12 hours of funding at the current rate (+$44 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PATHUSDT	13.840	0	get 0.0000% / 8h	4h 54m	$12K	$16K	10x
Short	BloFin PATH-USDT	13.810	0.1452	get 0.1452% / 8h	4h 54m	$29K	$471	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee BloFinbpOrdersPrice spread, now −0.217%Rate

Funding earned: $304.86
Price spread: −0.217% → 0.000%: −$21.68
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $259.18
Costs to cover: 0.240%
Break-even: 1.0 days

Slippage unknown: Phemex: no order-book sample; BloFin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex no order-book sample	—	—	—	—	—
Sell BloFin no order-book sample	—	—	—	—	—

Phemex and BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PATH on 9 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX PATHUSDC	−0.0639%	4h	13.824	−0.114%	—	$55K	10x	as long as short
Bybit PATHUSDT	0.0000%	8h	13.830	−0.072%	$52K	$152K	25x	as long as short
Gate PATH_USDT	0.0000%	8h	13.790	−0.361%	$6K	$14K	20x	as long as short
Bitget PATHUSDT	0.0000%	8h	13.834	−0.043%	$20K	$27K	20x	as long as short
HTX PATH-USDT	0.0000%	8h	13.830	−0.072%	$2K	$251K	20x	as long as short
Phemex PATHUSDTlong	0.0000%	8h	13.840	long leg	$12K	$16K	10x
SunX PATH-USDT	+0.0420%	8h	13.820	−0.145%	—	$1.7M	10x	as long as short
BloFin PATH-USDTshort	+0.1452%	8h	13.810	−0.217%	$29K	$471	20x
Binance PATHUSDT	+0.1466%	8h	13.830	−0.070%	$68K	$196K	20x	as long as short