Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 372.09 | 0 | 0.0000% / 4h | 1h 14m | $679K | $31K | 10x | Long Phemex | |
| SHORT | 372.19 | +0.0008 | get 0.0001% / 1h | 14m 05s | $208K | $53K | — | Short AZverse |
Price gap+0.027%
Funding gap+0.0008% /8h
Funding is ≈ 0, so this is a price-spread trade: +$6 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0+0.0008% /8h now · paid +0.001% over the last 15 hours (all we have)
Price+$6spread +0.027% now, avg −0.038% → +0.065% if it goes back
Costsno datano order book for AZverse
Result, before costs+$7+0.07%no pointscosts unknown: no order book for AZverse · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.027%
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
/8hTSLA on 46 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$1,000 + —Phemex 10x, AZverse —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.24Long Phemex: 6 payments, $0.00; short AZverse: 24 payments, +$0.24.
- OK: Entry gap works for you+0.027% vs −0.038%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$208K vs $679K OIAZverse sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · AZverse NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0005%/8h × 21 periods+$1.11
Price spread+0.027% → −0.038% (7d avg)+$6.46
Slippage, 4 ordersno data for AZverse—
Fee Phemex bp × 2 orders−$12.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$16.43
Costs to cover0.240%Break-even110.9 days
Slippage: Phemex: live order book, 46 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex3.099.4 bp−$99.4 bp−$9416.7 bp−$1,674doesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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