Funding you earn now, next payment 08:00 UTC−0.1069%/8h= −117.1% APRnext payment −$10.69 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Phemex+0.069%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$2002.003% of the position
Funding, last 7 days+0.425%+$42 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.069%, 7d avg −0.026%
=The price spread pays, funding is against you. Binance is 0.096% dearer against Phemex than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of −0.026%): +$10 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.425%, so the current rate has only just turned against you.
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 −$10.69 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 | Phemex RAMUSDT | 14.390 | 0 | get 0.0000% / 8h | 2h 53m | $774K | $169K | 20x |
| Short | Binance RAMUSDT | 14.400 | −0.1069 | pay 0.1069% / 8h | 2h 53m | $757K | $1.7M | 20x |
Phemex RAMUSDT
Binance RAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- −$224.53
- Price spread: +0.069% → −0.026%
- $9.59
- Slippage, 4 orders
- −$178.28
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$415.21
- Costs to cover
- 2.003%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 59 min ago; Binance: live order book, 10 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 Phemex live order book, 59 min ago | 3.40 bp | 65.1 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 6.97 bp | 17.0 bp −$17 | 81.4 bp −$814 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance RAMUSDTshort | −0.1069% | 8h | 14.400 | +0.069% | $757K | $1.7M | 20x | |
| MEXC RAM_USDT | −0.1060% | 8h | 14.410 | +0.139% | $427K | $85K | 20x | as long as short |
| BloFin RAM-USDT | −0.1032% | 8h | 14.380 | −0.069% | $30K | $2K | 20x | as long as short |
| Bitget RAMUSDT | −0.0566% | 8h | 14.415 | +0.174% | $228K | $171K | 20x | as long as short |
| OKX RAM-USDT-SWAP | −0.0322% | 8h | 14.410 | +0.139% | $311K | $419K | 10x | as long as short |
| KuCoin RAMUSDTM | −0.0299% | 8h | 14.420 | +0.208% | $15K | $42K | 20x | as long as short |
| Bybit RAMUSDT | 0.0000% | 8h | 14.400 | +0.069% | $156K | $128K | 25x | as long as short |
| Gate RAM_USDT | 0.0000% | 8h | 14.407 | +0.118% | $25K | $4K | 20x | as long as short |
| HTX RAM-USDT | 0.0000% | 8h | 14.326 | −0.445% | $6K | $4K | 10x | as long as short |
| Phemex RAMUSDTlong | 0.0000% | 8h | 14.390 | long leg | $774K | $169K | 20x |
MEXC RAM_USDT
BloFin RAM-USDT
Bitget RAMUSDT
OKX RAM-USDT-SWAP
KuCoin RAMUSDTM
Bybit RAMUSDT
Gate RAM_USDT
HTX RAM-USDT