Funding arb · Price arb /

SAMSUNG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0381%/8h= −41.8% APRpaid last 24h −0.051%

Price spread now: Phemex against Aster−0.047%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1501.504% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 3 days (all we have)+0.105%+$11 · spread now −0.047%, 7d avg −0.007%

Together, before fees−0.016%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Phemex is 0.040% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.007%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment. 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	Aster SAMSUNGUSDT	204.95	0.0381	pay 0.0191% / 4h	3h 32m	$105K	$138K	50x
Short	Phemex SAMSUNGUSDT	204.85	0	get 0.0000% / 8h	7h 32m	$2.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee PhemexbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$80.07
Price spread: −0.047% → −0.007%: −$3.98
Slippage, 4 orders: −$130.45
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$234.49
Costs to cover: 1.504%
Break-even: never at this rate

Slippage from Aster: live order book, 38 min ago; Phemex: live order book, 6 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 Aster live order book, 38 min ago	3.66 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	2.43 bp	54.5 bp −$55	doesn't fit	doesn't fit	doesn't fit

SAMSUNG on 24 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
Bybit SAMSUNGUSDT	−0.1003%	8h	204.90	−0.022%	$7.3M	$15.2M	100x	as long as short
edgeX SAMSUNGUSDC	−0.0890%	4h	205.15	+0.101%	$252K	$468K	10x	as long as short
tradeXYZ xyz:SMSN	−0.0426%	1h	204.73	−0.105%	$44.6M	$47.1M	10x	as long as short
OKX SAMSUNG-USDT-SWAP	0.0000%	8h	204.80	−0.071%	$5.9M	$24.1M	25x	as long as short
Gate SAMSUNG_USDT	0.0000%	4h	204.90	−0.022%	$7.3M	$22.7M	75x	as long as short
GRVT SAMSUNG_USDT_Perp	0.0000%	4h	205.04	+0.046%	$25K	$160K	10x	as long as short
SunX SAMSUNG-USDT	0.0000%	4h	205.47	+0.256%	$871	$1.2M	10x	as long as short
HTX SAMSUNG-USDT	0.0000%	4h	205.34	+0.192%	$75K	$133K	20x	as long as short
Phemex SAMSUNGUSDTshort	0.0000%	8h	204.85	−0.047%	$2.7M	$1.3M	10x
Polymarket Perps SAMSUNG-USD	+0.0050%	1h	204.63	−0.154%	$45K	$120K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SAMSUNG-USD	+0.0050%	1h	204.79	−0.076%	$3K	$3K	10x	as long as short
Ondo Perps SMSN-USD.P	+0.0050%	1h	205.16	+0.104%	$318K	$237K	10x	as long as short
Pacifica SAMSUNG	+0.0100%	1h	204.90	−0.021%	$83K	$55K	10x	as long as short
KuCoin SAMSUNGUSDTM	+0.0100%	4h	204.81	−0.066%	$560K	$113K	20x	as long as short
ApeX Omni SAMSUNGUSDT	+0.0100%	1h	205.62	+0.329%	$5K	$142K	50x	as long as short
Orderly PERP_SAMSUNG_USDC_mythos	+0.0100%	8h	204.91	−0.018%	$3K	$488	10x	as long as short
Bitget SAMSUNGUSDT	+0.0192%	4h	205.01	+0.031%	$3.6M	$13.7M	20x	as long as short
Binance SAMSUNGUSDT	+0.0326%	4h	204.91	−0.016%	$23.4M	$154.9M	25x	as long as short
Extended SAMSUNG-USD	+0.0328%	1h	204.88	−0.034%	$193K	$91K	10x	as long as short
BloFin SAMSUNG-USDT	+0.0337%	4h	204.85	−0.047%	$322K	$217K	25x	as long as short
Aster SAMSUNGUSDTlong	+0.0381%	4h	204.95	long leg	$105K	$138K	50x
Aevo SMSN-PERP	+0.0512%	1h	204.99	+0.023%	$32K	—	10x	as long as short
Kraken Futures PF_SAMSUNGUSD	+0.0815%	1h	204.62	−0.159%	$46K	$17K	20x	as long as short
Aftermath Perps SAMSUNGUSD	+0.5661%	1h	204.85	−0.045%	$840	$31K	5x	as long as short