Settings8H · net · $10k
Funding arb · Price arb /

PATH

RWAall PATH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0072%/8h= −7.9% APRnext payment $0.72 per $10,000 · paid last 24h −0.052%
Price spread now: Phemex against Binance−0.071%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.071% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PATHUSDT13.6600.0072pay 0.0072% / 8h1h 56m$64K$185K20x
ShortPhemex PATHUSDT13.6500get 0.0000% / 8h1h 56m$11K$16K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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

Funding earned
−$15.17
Price spread: −0.071% → 0.000%
−$7.1
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$44.27
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 35 min ago; Phemex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 35 min ago7.34 bp63.7 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Phemex no order-book sample
Phemex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PATH on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PATHUSDT0.0000%8h13.630−0.217%$53K$155K25xas long as short
Gate PATH_USDT0.0000%8h13.639−0.152%$6K$12K20xas long as short
Bitget PATHUSDT0.0000%8h13.630−0.217%$17K$30K20xas long as short
SunX PATH-USDT0.0000%8h13.650−0.071%$1.8M10xas long as short
HTX PATH-USDT0.0000%8h13.660+0.002%$2K$263K20xas long as short
Phemex PATHUSDTshort0.0000%8h13.650−0.071%$11K$16K10x
Binance PATHUSDTlong+0.0072%8h13.660long leg$64K$185K20x