Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.3% APRnext payment −$0.02 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against GRVT+0.153%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$237as in the Funding arb table
Net, price: spread back to 7d avg − costs−$223as in the Price arb table
costs, in and out, $10k−$2372.367% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.336%−$34 · spread now +0.153%, 7d avg +0.015%
=Together, before fees−0.336%+ Points / potential airdropGRVT: Active · farm board−$34 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.138% dearer against GRVT than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT FIL_USDT_Perp | 1.0045 | 0.0100 | pay 0.0100% / 8h | 5h 39m | $301K | $869K | 10x |
| Short | Phemex FILUSDT | 1.0060 | 0.0098 | get 0.0098% / 8h | 5h 39m | $1.1M | $2.5M | 50x |
GRVT FIL_USDT_Perp
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GRVT. 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
- −$0.5
- Price spread: +0.153% → +0.015%
- $13.81
- Slippage, 4 orders
- −$215.67
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$223.35
- Costs to cover
- 2.367%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 24 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 GRVT live order book, 24 min ago | 10.04 bp | 92.3 bp −$92 | 190.6 bp −$1,906 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 9.97 bp | 53.0 bp −$53 | 129.8 bp −$1,298 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0256% | 1h | 1.0050 | +0.053% | $381K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0127% | 1h | 1.0065 | +0.199% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0063% | 8h | 1.0016 | −0.285% | $18.9M | $100.2M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0037% | 8h | 1.0019 | −0.255% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0003% / S +0.0006% | 1h | 1.0015 | −0.291% | $27K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0035 | −0.095% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0068 | +0.233% | $173K | $23K | 25x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.888% | $2K | $240K | 12x | as long as short |
| Extended FIL-USD | +0.0056% | 1h | 1.0022 | −0.227% | $708K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0056% | 8h | 1.0020 | −0.245% | $58.0M | $178.0M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
Extended FIL-USD
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0083% | 8h | 1.0010 | −0.345% | $243K | $103K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0030 | −0.145% | $160K | $352K | 5x | as long as short |
| Phemex FILUSDTshort | +0.0098% | 8h | 1.0060 | +0.153% | $1.1M | $2.5M | 50x | |
| Hyperliquid FIL | +0.0100% | 1h | 1.0022 | −0.221% | $8.6M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0040 | −0.050% | $511K | $577K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0018 | −0.265% | $15.6M | $19.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0026 | −0.186% | $8.5M | $16.4M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0016 | −0.285% | $11.0M | $20.1M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0012 | −0.325% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0054 | +0.089% | $453K | $266K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0050 | +0.049% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perplong | +0.0100% | 8h | 1.0045 | long leg | $301K | $869K | 10x | |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0030 | −0.146% | $30K | $186K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0070 | +0.255% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0050 | +0.053% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0058 | +0.133% | $486 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0059 | +0.143% | $639K | $5.8M | 75x | as long as short |
| BloFin FIL-USDT | +0.0175% | 8h | 1.0054 | +0.093% | $2.8M | $640K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0237% | 1h | 1.0013 | −0.315% | $268K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]