Funding you earn now, next payment 08:00 UTC+0.2969%/8h= +325.1% APRnext payment +$29.69 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Binance+0.052%52s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2132.132% of the position
Funding, last 7 days−0.425%−$42 on $10k
+Price spread, last 4 days (all we have)+0.120%+$12 · spread now +0.052%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$89 a day on $10k at the current rate, and Phemex is 0.025% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.425%, so the current rate has only just turned in your favour. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.425% in total (about -22.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$29.69 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance RAMUSDT | 14.083 | −0.2969 | get 0.2969% / 8h | 38m 23s | $777K | $2.0M | 20x |
| Short | Phemex RAMUSDT | 14.090 | 0 | get 0.0000% / 8h | 38m 23s | $763K | $196K | 20x |
Binance RAMUSDT
Phemex RAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $623.5
- Price spread: +0.052% → +0.027%
- $2.45
- Slippage, 4 orders
- −$191.2
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $412.76
- Costs to cover
- 2.132%
- Break-even
- 2.4 days
Slippage from Binance: live order book, 10 min ago; Phemex: live order book, 64 min ago.
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 Binance live order book, 10 min ago | 7.11 bp | 21.2 bp −$21 | 72.5 bp −$725 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 64 min ago | 3.52 bp | 107.5 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
RAM on 10 venues
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin RAM-USDT | −0.2970% | 8h | 14.080 | −0.019% | $31K | $2K | 20x | as long as short |
| MEXC RAM_USDT | −0.2970% | 8h | 14.090 | +0.052% | $398K | $90K | 20x | as long as short |
| Binance RAMUSDTlong | −0.2969% | 8h | 14.083 | long leg | $777K | $2.0M | 20x | |
| KuCoin RAMUSDTM | −0.1782% | 8h | 14.060 | −0.161% | $14K | $45K | 20x | as long as short |
| OKX RAM-USDT-SWAP | −0.1665% | 8h | 14.080 | −0.019% | $323K | $491K | 10x | as long as short |
| Bitget RAMUSDT | −0.1638% | 8h | 14.077 | −0.040% | $222K | $192K | 20x | as long as short |
| Bybit RAMUSDT | 0.0000% | 8h | 14.070 | −0.090% | $162K | $137K | 25x | as long as short |
| Gate RAM_USDT | 0.0000% | 8h | 14.092 | +0.066% | $24K | $4K | 20x | as long as short |
| HTX RAM-USDT | 0.0000% | 8h | 14.083 | +0.002% | $6K | $4K | 10x | as long as short |
| Phemex RAMUSDTshort | 0.0000% | 8h | 14.090 | +0.052% | $763K | $196K | 20x |
BloFin RAM-USDT
MEXC RAM_USDT
KuCoin RAMUSDTM
OKX RAM-USDT-SWAP
Bitget RAMUSDT
Bybit RAMUSDT
Gate RAM_USDT
HTX RAM-USDT