Funding you earn now, next payment 16:00 UTC+0.1613%/8h= +176.6% APRnext payment +$16.13 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bitget+0.057%7-day average −0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$2042.042% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.057%, 7d avg −0.083%
=Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Phemex is 0.141% dearer against Bitget than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.083%. Mind the row above: over the last 7 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.106% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$16.13 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 | Bitget RAMUSDT | 13.982 | −0.1613 | get 0.1613% / 8h | 7h 57m | $218K | $193K | 20x |
| Short | Phemex RAMUSDT | 13.990 | 0 | get 0.0000% / 8h | 7h 57m | $760K | $198K | 20x |
Bitget RAMUSDT
Phemex RAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- $338.73
- Price spread: +0.057% → −0.083%
- $14.06
- Slippage, 4 orders
- −$180.21
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $148.58
- Costs to cover
- 2.042%
- Break-even
- 3.9 days
Slippage from Bitget: live order book, 32 min ago; Phemex: live order book, 40 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 Bitget live order book, 32 min ago | 1.07 bp | 56.7 bp −$57 | 86.4 bp −$864 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 40 min ago | 7.10 bp | 64.9 bp −$65 | 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 | −0.2977% | 8h | 14.020 | +0.272% | $31K | $2K | 20x | as long as short |
| Binance RAMUSDT | −0.2950% | 8h | 14.000 | +0.129% | $782K | $2.0M | 20x | as long as short |
| MEXC RAM_USDT | −0.2943% | 8h | 14.000 | +0.129% | $392K | $89K | 20x | as long as short |
| KuCoin RAMUSDTM | −0.1823% | 8h | 13.990 | +0.057% | $14K | $66K | 20x | as long as short |
| OKX RAM-USDT-SWAP | −0.1653% | 8h | 14.000 | +0.129% | $324K | $491K | 10x | as long as short |
| Bitget RAMUSDTlong | −0.1613% | 8h | 13.982 | long leg | $218K | $193K | 20x | |
| Bybit RAMUSDT | 0.0000% | 8h | 13.970 | −0.086% | $173K | $145K | 25x | as long as short |
| Gate RAM_USDT | 0.0000% | 8h | 14.020 | +0.272% | $24K | $4K | 20x | as long as short |
| HTX RAM-USDT | 0.0000% | 8h | 14.012 | +0.215% | $6K | $4K | 10x | as long as short |
| Phemex RAMUSDTshort | 0.0000% | 8h | 13.990 | +0.057% | $760K | $198K | 20x |
BloFin RAM-USDT
Binance RAMUSDT
MEXC RAM_USDT
KuCoin RAMUSDTM
OKX RAM-USDT-SWAP
Bybit RAMUSDT
Gate RAM_USDT
HTX RAM-USDT