Funding arb · Price arb /

SAMSUNG

RWAall SAMSUNG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.036%

Price spread now: Phemex against Binance−0.153%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1081.077% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 2 days (all we have)+0.127%+$13 · spread now −0.153%, 7d avg −0.002%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phemex is 0.151% cheaper against Binance than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% 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	Binance SAMSUNGUSDT	206.52	0.0276	pay 0.0138% / 4h	3h 23m	$23.6M	$153.8M	25x
Short	Phemex SAMSUNGUSDT	206.20	0	get 0.0000% / 8h	7h 23m	$2.7M	$1.3M	10x

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

Position, each leg$Hold fordaysFee BinancebpFee PhemexbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$57.87
Price spread: −0.153% → −0.002%: −$15.14
Slippage, 4 orders: −$85.69
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$180.7
Costs to cover: 1.077%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Phemex: live order book, 5 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 Binance live order book, 5 min ago	0.24 bp	5.2 bp −$5	9.4 bp −$94	31.2 bp −$3,125	doesn't fit
Sell Phemex live order book, 5 min ago	0.97 bp	55.4 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	−0.0680%	8h	206.35	−0.080%	$7.3M	$15.3M	100x	as long as short
tradeXYZ xyz:SMSN	−0.0385%	1h	206.23	−0.138%	$44.2M	$46.9M	10x	as long as short
edgeX SAMSUNGUSDC	−0.0218%	4h	206.34	−0.083%	$254K	$467K	10x	as long as short
OKX SAMSUNG-USDT-SWAP	0.0000%	8h	206.34	−0.085%	$6.0M	$24.6M	25x	as long as short
Gate SAMSUNG_USDT	0.0000%	4h	206.37	−0.071%	$7.4M	$22.8M	75x	as long as short
GRVT SAMSUNG_USDT_Perp	0.0000%	4h	206.35	−0.083%	$25K	$156K	10x	as long as short
SunX SAMSUNG-USDT	0.0000%	4h	206.30	−0.105%	$972	$1.2M	10x	as long as short
HTX SAMSUNG-USDT	0.0000%	4h	206.03	−0.235%	$75K	$133K	20x	as long as short
Phemex SAMSUNGUSDTshort	0.0000%	8h	206.20	−0.153%	$2.7M	$1.3M	10x
Polymarket Perps SAMSUNG-USD	+0.0050%	1h	206.13	−0.187%	$45K	$113K	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	206.28	−0.114%	$3K	$3K	10x	as long as short
Ondo Perps SMSN-USD.P	+0.0050%	1h	206.23	−0.138%	$315K	$273K	10x	as long as short
Pacifica SAMSUNG	+0.0100%	1h	206.21	−0.148%	$83K	$55K	10x	as long as short
KuCoin SAMSUNGUSDTM	+0.0100%	4h	206.25	−0.129%	$564K	$113K	20x	as long as short
ApeX Omni SAMSUNGUSDT	+0.0100%	1h	206.47	−0.022%	$5K	$142K	50x	as long as short
Orderly PERP_SAMSUNG_USDC_mythos	+0.0100%	8h	206.32	−0.095%	$3K	$488	10x	as long as short
Bitget SAMSUNGUSDT	+0.0166%	4h	206.47	−0.022%	$3.6M	$13.7M	20x	as long as short
Extended SAMSUNG-USD	+0.0272%	1h	206.25	−0.128%	$194K	$84K	10x	as long as short
Binance SAMSUNGUSDTlong	+0.0276%	4h	206.52	long leg	$23.6M	$153.8M	25x
Aster SAMSUNGUSDT	+0.0322%	4h	206.37	−0.073%	$105K	$138K	50x	as long as short
BloFin SAMSUNG-USDT	+0.0330%	4h	206.35	−0.080%	$324K	$218K	25x	as long as short
Aevo SMSN-PERP	+0.0488%	1h	206.43	−0.042%	$33K	—	10x	as long as short
Kraken Futures PF_SAMSUNGUSD	+0.0809%	1h	206.08	−0.213%	$47K	$17K	20x	as long as short
Aftermath Perps SAMSUNGUSD	+0.4737%	1h	205.94	−0.277%	$815	$31K	5x	as long as short