Funding arb · Price arb /

SAMSUNG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h −0.006%

Price spread now: Phemex against Bitget−0.063%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1161.161% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 3 days (all we have)+0.062%+$6 · spread now −0.063%, 7d avg −0.042%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Phemex is 0.021% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% 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	Bitget SAMSUNGUSDT	205.36	0.0290	pay 0.0145% / 4h	25m 38s	$4.7M	$13.8M	20x
Short	Phemex SAMSUNGUSDT	205.23	0	get 0.0000% / 8h	25m 38s	$2.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$60.9
Price spread: −0.063% → −0.042%: −$2.08
Slippage, 4 orders: −$92.08
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$179.06
Costs to cover: 1.161%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Phemex: live order book, 3 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 Bitget live order book, 3 min ago	0.73 bp	8.8 bp −$9	16.7 bp −$167	31.5 bp −$3,146	doesn't fit
Sell Phemex live order book, 3 min ago	4.62 bp	53.7 bp −$54	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
tradeXYZ xyz:SMSN	−0.0330%	1h	204.94	−0.205%	$45.6M	$48.4M	10x	as long as short
Bybit SAMSUNGUSDT	0.0000%	8h	205.18	−0.088%	$5.9M	$14.4M	100x	as long as short
Gate SAMSUNG_USDT	0.0000%	4h	205.23	−0.063%	$7.5M	$24.3M	75x	as long as short
SunX SAMSUNG-USDT	0.0000%	4h	205.49	+0.063%	$951	$1.4M	10x	as long as short
HTX SAMSUNG-USDT	0.0000%	4h	205.56	+0.097%	$75K	$161K	20x	as long as short
Phemex SAMSUNGUSDTshort	0.0000%	8h	205.23	−0.063%	$2.7M	$1.3M	10x
OKX SAMSUNG-USDT-SWAP	+0.0036%	8h	205.11	−0.122%	$5.5M	$23.6M	25x	as long as short
Polymarket Perps SAMSUNG-USD	+0.0050%	1h	205.15	−0.102%	$45K	$307K	10x	as long as short
Pacifica SAMSUNG	+0.0100%	1h	205.14	−0.109%	$83K	$56K	10x	as long as short
KuCoin SAMSUNGUSDTM	+0.0100%	4h	205.44	+0.039%	$563K	$153K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SAMSUNGUSDT	+0.0100%	1h	205.62	+0.127%	$5K	$142K	50x	as long as short
Orderly PERP_SAMSUNG_USDC_mythos	+0.0100%	8h	205.30	−0.029%	$3K	$488	10x	as long as short
SoDEX SAMSUNG-USD	+0.0113%	1h	205.20	−0.078%	$3K	$3K	10x	as long as short
Ondo Perps SMSN-USD.P	+0.0277%	1h	205.60	+0.117%	$325K	$243K	10x	as long as short
Bitget SAMSUNGUSDTlong	+0.0290%	4h	205.36	long leg	$4.7M	$13.8M	20x
edgeX SAMSUNGUSDC	+0.0297%	4h	205.54	+0.089%	$244K	$432K	10x	as long as short
Aster SAMSUNGUSDT	+0.0436%	4h	205.19	−0.084%	$104K	$151K	50x	as long as short
Binance SAMSUNGUSDT	+0.0440%	4h	205.19	−0.084%	$24.0M	$162.9M	25x	as long as short
Extended SAMSUNG-USD	+0.0440%	1h	205.19	−0.081%	$198K	$94K	10x	as long as short
BloFin SAMSUNG-USDT	+0.0464%	4h	205.24	−0.058%	$299K	$221K	25x	as long as short
Aevo SMSN-PERP	+0.0552%	1h	205.34	−0.007%	$32K	—	10x	as long as short
GRVT SAMSUNG_USDT_Perp	+0.0592%	4h	205.24	−0.058%	$24K	$170K	10x	as long as short
Aftermath Perps SAMSUNGUSD	+0.1235%	1h	205.11	−0.121%	$917	$32K	5x	as long as short
Kraken Futures PF_SAMSUNGUSD	+0.1625%	1h	205.10	−0.125%	$47K	$21K	20x	as long as short