Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%
Price spread now: Phemex against Gate−0.010%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$950.953% of the position
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.010%, 7d avg −0.012%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate FIL_USDT | 0.9801 | 0.0100 | pay 0.0100% / 8h | 2h 35m | $7.8M | $16.2M | 50x |
| Short | Phemex FILUSDT | 0.9800 | 0.0100 | get 0.0100% / 8h | 2h 35m | $1.0M | $2.2M | 50x |
Gate FIL_USDT
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $0
- Price spread: −0.010% → −0.012%
- $0.16
- Slippage, 4 orders
- −$68.33
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$95.17
- Costs to cover
- 0.953%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Phemex: live order book, 3 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 Gate live order book, 3 min ago | 1.53 bp | 16.4 bp −$16 | 28.2 bp −$282 | 48.2 bp −$4,817 | 77.1 bp −$38.6K |
| Sell Phemex live order book, 3 min ago | 10.19 bp | 34.3 bp −$34 | 103.1 bp −$1,031 | 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 | −0.0769% | 1h | 0.9808 | +0.071% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0625% | 1h | 0.9806 | +0.051% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | −0.0448% | 1h | 0.9801 | −0.002% | $156K | $332K | 5x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9815 | +0.143% | $314K | $1.9M | 50x | as long as short |
| Bybit FILUSDT | −0.0073% | 8h | 0.9814 | +0.133% | $15.5M | $18.0M | 25x | as long as short |
| Bitget FILUSDT | −0.0034% | 8h | 0.9807 | +0.061% | $10.8M | $21.9M | 75x | as long as short |
| Variational Omni FIL | −0.0025% | 8h | 0.9779 | −0.229% | $433K | $276K | — | as long as short |
| Hyperliquid FIL | −0.0016% | 1h | 0.9801 | +0.002% | $8.6M | $9.4M | 5x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9805 | +0.042% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9824 | +0.231% | $57K | $2K | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Lighter FIL
Coinbase International FIL-PERP-INTX
Bybit FILUSDT
Bitget FILUSDT
Variational Omni FIL
Hyperliquid FIL
gTrade (Gains Network) FIL/USD
dYdX FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0012% | 8h | 0.9810 | +0.092% | $18.1M | $96.3M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0033% | 8h | 0.9812 | +0.112% | $7.3M | $7.1M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9751 | −0.510% | $2K | $148K | 12x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9806 | +0.053% | $486K | $514K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9813 | +0.124% | $56.2M | $175.7M | 75x | as long as short |
| Gate FIL_USDTlong | +0.0100% | 8h | 0.9801 | long leg | $7.8M | $16.2M | 50x | |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9797 | −0.041% | $249K | $104K | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9812 | +0.112% | — | $6.5M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9788 | −0.136% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9778 | −0.238% | $286K | $823K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9770 | −0.316% | $42K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9812 | +0.113% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9790 | −0.112% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9798 | −0.031% | $475 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9810 | +0.092% | $619K | $5.7M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9800 | −0.010% | $1.0M | $2.2M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9801 | −0.002% | $685K | $2.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9816 | +0.153% | $2.6M | $625K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0613% / S −0.0849% | 1h | 0.9807 | +0.060% | $208K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Injective FIL/USDC PERP
Aster FILUSDT
Binance FILUSDT
MEXC FIL_USDC
BingX FIL-USDC
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]