Funding you earn now, next payment 16:00 UTC+0.1654%/8h= +181.1% APRnext payment +$16.54 per $10,000 · paid last 24h +0.166%
Price spread now: Phemex against OKX+0.072%7-day average −0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$264as in the Funding arb table
Net, price: spread back to 7d avg − costs−$231as in the Price arb table
costs, in and out, $10k−$2462.463% of the position
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.072%, 7d avg −0.077%
=Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and Phemex is 0.149% dearer against OKX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.077%. Mind the row above: over the last 7 days funding on this pair cost −0.172%, 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 -0.172% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$16.54 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 | OKX RAM-USDT-SWAP | 13.910 | −0.1654 | get 0.1654% / 8h | 7h 44m | $321K | $488K | 10x |
| Short | Phemex RAMUSDT | 13.920 | 0 | get 0.0000% / 8h | 7h 44m | $757K | $199K | 20x |
OKX RAM-USDT-SWAP
Phemex RAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. 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
- $347.28
- Price spread: +0.072% → −0.077%
- $14.93
- Slippage, 4 orders
- −$224.3
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $115.9
- Costs to cover
- 2.463%
- Break-even
- 4.7 days
Slippage from OKX: live order book, 51 min ago; Phemex: live order book, 53 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 OKX live order book, 51 min ago | 7.11 bp | 66.2 bp −$66 | 855.8 bp −$8,558 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 53 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 | −0.3059% | 8h | 13.900 | −0.072% | $31K | $2K | 20x | as long as short |
| MEXC RAM_USDT | −0.3055% | 8h | 13.910 | 0.000% | $390K | $90K | 20x | as long as short |
| Binance RAMUSDT | −0.3054% | 8h | 13.910 | 0.000% | $781K | $2.0M | 20x | as long as short |
| KuCoin RAMUSDTM | −0.1781% | 8h | 13.900 | −0.072% | $14K | $74K | 20x | as long as short |
| OKX RAM-USDT-SWAPlong | −0.1654% | 8h | 13.910 | long leg | $321K | $488K | 10x | |
| Bitget RAMUSDT | −0.1569% | 8h | 13.890 | −0.144% | $216K | $193K | 20x | as long as short |
| Bybit RAMUSDT | 0.0000% | 8h | 13.900 | −0.072% | $172K | $144K | 25x | as long as short |
| Gate RAM_USDT | 0.0000% | 8h | 13.942 | +0.230% | $24K | $4K | 20x | as long as short |
| HTX RAM-USDT | 0.0000% | 8h | 13.885 | −0.180% | $6K | $4K | 10x | as long as short |
| Phemex RAMUSDTshort | 0.0000% | 8h | 13.920 | +0.072% | $757K | $199K | 20x |
BloFin RAM-USDT
MEXC RAM_USDT
Binance RAMUSDT
KuCoin RAMUSDTM
Bitget RAMUSDT
Bybit RAMUSDT
Gate RAM_USDT
HTX RAM-USDT