Funding you earn now, next payment 08:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.53 per $10,000 · paid last 24h +0.033%
Price spread now: Phemex against KuCoin+0.010%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$940.944% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.010%, 7d avg −0.025%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phemex is 0.035% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin FILUSDTM | 0.9859 | 0.0047 | pay 0.0047% / 8h | 2h 31m | $7.2M | $7.9M | 50x |
| Short | Phemex FILUSDT | 0.9860 | 0.0100 | get 0.0100% / 8h | 2h 31m | $1.2M | $2.6M | 50x |
KuCoin FILUSDTM
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. 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
- $11.13
- Price spread: +0.010% → −0.025%
- $3.48
- Slippage, 4 orders
- −$70.37
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$79.76
- Costs to cover
- 0.944%
- Break-even
- 57.2 days
Slippage from KuCoin: live order book, 1 min ago; Phemex: live order book, 2 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 KuCoin live order book, 1 min ago | 3.55 bp | 18.1 bp −$18 | 44.4 bp −$444 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 10.15 bp | 30.1 bp −$30 | 76.4 bp −$764 | 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 | −0.0661% | 1h | 0.9866 | +0.071% | $170K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9833 | −0.264% | $340K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9870 | +0.112% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9863 | +0.040% | $57K | $1K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0026% | 8h | 0.9856 | −0.030% | $17.9M | $107.2M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.041% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTMlong | +0.0047% | 8h | 0.9859 | long leg | $7.2M | $7.9M | 50x | |
| Lighter FIL | +0.0096% | 1h | 0.9857 | −0.020% | $147K | $379K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9859 | −0.005% | $8.3M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9865 | +0.065% | $503K | $613K | 20x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Injective FIL/USDC PERP
Lighter FIL
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9859 | −0.003% | $55.7M | $186.1M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9858 | −0.010% | $15.5M | $20.5M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9860 | +0.010% | $8.3M | $16.8M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9856 | −0.030% | $232K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9856 | −0.030% | $11.2M | $20.0M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9859 | 0.000% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9902 | +0.436% | $448K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9916 | +0.573% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9901 | +0.430% | $294K | $1.1M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | +0.619% | $29K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9874 | +0.148% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9860 | +0.010% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9861 | +0.020% | $481 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9873 | +0.142% | $615K | $5.8M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9860 | +0.010% | $1.2M | $2.6M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9854 | −0.050% | $693K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9857 | −0.020% | $2.7M | $691K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0252% | 1h | 0.9865 | +0.064% | $1.3M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0597% / S −0.0275% | 1h | 0.9867 | +0.083% | $264K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX 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
Extended FIL-USD
BloFin FIL-USDT
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]