Funding you earn now, next payment 00:00 UTC+0.0159%/8h= +17.5% APRnext payment +$1.59 per $10,000 · paid last 24h +0.039%
Price spread now: Phemex against Bybit+0.030%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$880.878% of the position
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.030%, 7d avg +0.015%
=The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FILUSDT | 0.9847 | −0.0059 | get 0.0059% / 8h | 2h 28m | $15.5M | $18.0M | 25x |
| Short | Phemex FILUSDT | 0.9850 | 0.0100 | get 0.0100% / 8h | 2h 28m | $1.1M | $2.2M | 50x |
Bybit FILUSDT
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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
- $33.48
- Price spread: +0.030% → +0.015%
- $1.59
- Slippage, 4 orders
- −$64.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$52.68
- Costs to cover
- 0.878%
- Break-even
- 18.0 days
Slippage from Bybit: live order book, just now; 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 Bybit live order book, just now | 1.01 bp | 14.3 bp −$14 | 31.4 bp −$314 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 10.19 bp | 31.0 bp −$31 | 114.0 bp −$1,140 | 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 | −0.1169% | 1h | 0.9851 | +0.041% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0622% | 1h | 0.9849 | +0.023% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | −0.0392% | 1h | 0.9842 | −0.052% | $157K | $337K | 5x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9843 | −0.041% | $315K | $1.9M | 50x | as long as short |
| Bybit FILUSDTlong | −0.0059% | 8h | 0.9847 | long leg | $15.5M | $18.0M | 25x | |
| Bitget FILUSDT | −0.0035% | 8h | 0.9841 | −0.061% | $10.8M | $21.9M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9846 | −0.015% | $24K | — | 150x | as long as short |
| Variational Omni FIL | −0.0002% | 8h | 0.9833 | −0.147% | $435K | $276K | — | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9837 | −0.106% | $57K | $2K | 10x | as long as short |
| Hyperliquid FIL | +0.0003% | 1h | 0.9837 | −0.102% | $8.6M | $9.5M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Lighter FIL
Coinbase International FIL-PERP-INTX
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
Variational Omni FIL
dYdX FIL-USD
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0012% | 8h | 0.9842 | −0.051% | $18.1M | $96.6M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0033% | 8h | 0.9833 | −0.142% | $7.3M | $7.1M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9751 | −0.975% | $2K | $148K | 12x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9842 | −0.051% | $487K | $514K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9848 | +0.010% | $56.4M | $175.9M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9840 | −0.071% | $7.8M | $16.3M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9829 | −0.183% | $250K | $105K | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9839 | −0.081% | — | $11.8M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9825 | −0.228% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9829 | −0.179% | $288K | $813K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9840 | −0.071% | $42K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9851 | +0.038% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9830 | −0.173% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9848 | +0.010% | $475 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9860 | +0.132% | $624K | $5.7M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9850 | +0.030% | $1.1M | $2.2M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9839 | −0.081% | $685K | $2.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9824 | −0.234% | $2.6M | $635K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0615% / S −0.0742% | 1h | 0.9846 | −0.006% | $213K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Injective FIL/USDC PERP
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
BingX FIL-USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]