Funding you earn now, next payment 08:00 UTC−0.1294%/8h= −141.7% APRnext payment −$12.94 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Phemex+0.281%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2502.502% of the position
Funding, last 7 days+0.338%+$34 on $10k
+Price spread, last 4 days (all we have)−0.264%−$26 · spread now +0.281%, 7d avg +0.079%
=The price spread pays, funding is against you. OKX is 0.202% dearer against Phemex than usual: you sell high and buy low (spread +0.281% now, against its 7-day average of +0.079%): +$20 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.338%, 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 0.338% in total (about 17.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.94 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 | 14.210 | 0 | get 0.0000% / 8h | 2h 11m | $765K | $183K | 20x |
| Short | OKX RAM-USDT-SWAP | 14.250 | −0.1294 | pay 0.1294% / 8h | 2h 11m | $322K | $461K | 10x |
Phemex RAMUSDT
OKX RAM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$271.75
- Price spread: +0.281% → +0.079%
- $20.21
- Slippage, 4 orders
- −$228.17
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$501.71
- Costs to cover
- 2.502%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 36 min ago; OKX: live order book, 34 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, 36 min ago | 13.91 bp | 72.1 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 34 min ago | 3.48 bp | 52.2 bp −$52 | 1005.8 bp −$10.1K | 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 | −0.2445% | 8h | 14.200 | −0.070% | $30K | $2K | 20x | as long as short |
| Binance RAMUSDT | −0.2436% | 8h | 14.250 | +0.281% | $763K | $1.8M | 20x | as long as short |
| MEXC RAM_USDT | −0.2434% | 8h | 14.240 | +0.211% | $402K | $91K | 20x | as long as short |
| Bitget RAMUSDT | −0.1460% | 8h | 14.260 | +0.352% | $221K | $179K | 20x | as long as short |
| OKX RAM-USDT-SWAPshort | −0.1294% | 8h | 14.250 | +0.281% | $322K | $461K | 10x | |
| KuCoin RAMUSDTM | −0.1122% | 8h | 14.190 | −0.141% | $15K | $46K | 20x | as long as short |
| Bybit RAMUSDT | 0.0000% | 8h | 14.260 | +0.352% | $156K | $130K | 25x | as long as short |
| Gate RAM_USDT | 0.0000% | 8h | 14.191 | −0.134% | $24K | $4K | 20x | as long as short |
| HTX RAM-USDT | 0.0000% | 8h | 14.223 | +0.091% | $6K | $4K | 10x | as long as short |
| Phemex RAMUSDTlong | 0.0000% | 8h | 14.210 | long leg | $765K | $183K | 20x |
BloFin RAM-USDT
Binance RAMUSDT
MEXC RAM_USDT
Bitget RAMUSDT
KuCoin RAMUSDTM
Bybit RAMUSDT
Gate RAM_USDT
HTX RAM-USDT