Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.96 per $10,000 · paid last 24h −0.003%
Price spread now: Phemex against BloFin+0.041%59s7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$860.863% of the position
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.041%, 7d avg −0.023%
=The price spread pays, funding is against you. Phemex is 0.063% dearer against BloFin than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.023%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin FIL-USDT | 0.9856 | 0.0196 | pay 0.0196% / 8h | 1h 29m | $2.6M | $655K | 75x |
| Short | Phemex FILUSDT | 0.9860 | 0.0100 | get 0.0100% / 8h | 1h 29m | $1.1M | $2.3M | 50x |
BloFin FIL-USDT
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.11
- Price spread: +0.041% → −0.023%
- $6.32
- Slippage, 4 orders
- −$62.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$100.1
- Costs to cover
- 0.863%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Phemex: live order book, 4 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 BloFin live order book, 4 min ago | 0.51 bp | 10.5 bp −$10 | 14.4 bp −$144 | 38.4 bp −$3,843 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 10.11 bp | 35.5 bp −$36 | 113.4 bp −$1,134 | doesn't fit | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0964% | 1h | 0.9869 | +0.132% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0696% | 1h | 0.9870 | +0.138% | $1.3M | $2.3M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9880 | +0.244% | $317K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.010% | $2K | $240K | 12x | as long as short |
| Bitget FILUSDT | −0.0014% | 8h | 0.9861 | +0.051% | $10.9M | $21.5M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9873 | +0.170% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9872 | +0.159% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0009% | 8h | 0.9867 | +0.112% | $7.4M | $7.0M | 50x | as long as short |
| Bybit FILUSDT | +0.0011% | 8h | 0.9867 | +0.112% | $15.4M | $18.0M | 25x | as long as short |
| OKX FIL-USDT-SWAP | +0.0030% | 8h | 0.9864 | +0.081% | $18.1M | $97.3M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTM
Bybit FILUSDT
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter FIL | +0.0056% | 1h | 0.9863 | +0.071% | $158K | $349K | 5x | as long as short |
| Extended FIL-USD | +0.0072% | 1h | 0.9866 | +0.103% | $689K | $2.3M | 10x | as long as short |
| MEXC FIL_USDC | +0.0074% | 8h | 0.9862 | +0.061% | $251K | $104K | 50x | as long as short |
| Binance FILUSDT | +0.0075% | 8h | 0.9865 | +0.095% | $56.6M | $175.2M | 75x | as long as short |
| BingX FIL-USDC | +0.0079% | 8h | 0.9870 | +0.142% | — | $6.5M | — | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9867 | +0.112% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9872 | +0.163% | $496K | $525K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9874 | +0.183% | $7.8M | $16.2M | 50x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9864 | +0.084% | $439K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9883 | +0.273% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9852 | −0.043% | $286K | $803K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9890 | +0.345% | $30K | $198K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9868 | +0.118% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9850 | −0.061% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9863 | +0.071% | $489 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9860 | +0.041% | $625K | $5.6M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9860 | +0.041% | $1.1M | $2.3M | 50x | |
| BloFin FIL-USDTlong | +0.0196% | 8h | 0.9856 | long leg | $2.6M | $655K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0598% / S −0.0709% | 1h | 0.9864 | +0.077% | $206K | — | 100x | as long as short |
Lighter FIL
Extended FIL-USD
MEXC FIL_USDC
Binance FILUSDT
BingX FIL-USDC
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
GMX FIL/USD [WBTC.b-USDC]