Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

RAM

RWAAll RAM markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
PhemexRAMUSDT
12.57000.0000% / 8h5h 05m$739K$179K20xLong Phemex
SHORT
BingXNCSKRAM12USD-USDT
12.570+0.0529get 0.0529% / 8h5h 05m$940K$1.2M—Short BingX
Price gap0.000%46s
Funding gap+0.0529% /8h

Funding pays +$16 a day on $10k, but the gap is 0.027% under its 7d average: −$3 if it goes back, about 4 hours of funding. At the last 7 days' pace that is about 18 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$26+0.0529% /8h now · paid +0.257% over the last 7D
Price—spread 0.000%46s now · prices read too far apart to compare
Costs−$2152.151% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.257% in total, about +0.0122%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now0.000%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

RAM on 11 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size80.0 / 26.9 bp
    At $10k entering Phemex costs 80.0 bp, fee and slippage, 3.0× BingX’s.
  • Note: Margin at max leverage$500 + —
    Phemex 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$15.87Long Phemex: 3 payments, $0.00; short BingX: 3 payments, +$15.87.
  • Watch: Prices read 46 s apart0.000% vs +0.027%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$739K vs $940K OI
    Phemex sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPhemex Yes · BingX Yes
    KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0122%/8h × 21 periods+$25.68
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$193.10
Fee Phemex bp × 2 orders−$12.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$189.42
price spread not counted: prices read too far apart
Costs to cover2.151%Break-even58.6 days
Slippage: Phemex: live order book, 13 min ago; BingX: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhemex3.9980.0 bp−$80278.3 bp−$2,783doesn’t fitdoesn’t fit
SELL · SHORTBingX11.9826.9 bp−$2769.0 bp−$690158.8 bp−$15.9K686.3 bp−$343.2K

Closing costs about the same again.

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