Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.051%
Price spread now: Phemex against Lighter+0.119%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$900.896% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 3 days (all we have)−0.131%−$13 · spread now +0.119%, 7d avg +0.005%
=Together, before fees−0.041%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Phemex is 0.114% dearer against Lighter than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FIL | 0.9898 | 0.0088 | pay 0.0011% / 1h | 50m 09s | $159K | $347K | 5x |
| Short | Phemex FILUSDT | 0.9910 | 0.0100 | get 0.0100% / 8h | 50m 09s | $1.1M | $2.3M | 50x |
Lighter FIL
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Lighter. 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
- $2.52
- Price spread: +0.119% → +0.005%
- $11.42
- Slippage, 4 orders
- −$77.64
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$75.7
- Costs to cover
- 0.896%
- Break-even
- 217.3 days
Slippage from Lighter: live order book, 19 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 Lighter live order book, 19 min ago | 5.50 bp | 16.6 bp −$17 | 28.3 bp −$283 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 10.07 bp | 30.6 bp −$31 | 108.8 bp −$1,088 | 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 | −0.0959% | 1h | 0.9911 | +0.129% | $171K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0393% | 1h | 0.9910 | +0.119% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9907 | +0.089% | $320K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | −0.436% | $2K | $240K | 12x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9912 | +0.136% | $25K | — | 150x | as long as short |
| KuCoin FILUSDTM | −0.0002% | 8h | 0.9907 | +0.089% | $7.4M | $7.1M | 50x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9911 | +0.130% | $58K | $2K | 10x | as long as short |
| Bitget FILUSDT | +0.0024% | 8h | 0.9898 | −0.002% | $11.0M | $21.5M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0026% | 8h | 0.9900 | +0.018% | $18.2M | $98.8M | 50x | as long as short |
| Bybit FILUSDT | +0.0045% | 8h | 0.9902 | +0.038% | $15.4M | $18.2M | 25x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
gTrade (Gains Network) FIL/USD
KuCoin FILUSDTM
dYdX FIL-USD
Bitget FILUSDT
OKX FIL-USDT-SWAP
Bybit FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0063% | 8h | 0.9902 | +0.038% | $252K | $103K | 50x | as long as short |
| Binance FILUSDT | +0.0063% | 8h | 0.9901 | +0.031% | $57.3M | $177.8M | 75x | as long as short |
| Extended FIL-USD | +0.0064% | 1h | 0.9901 | +0.029% | $693K | $2.3M | 10x | as long as short |
| BingX FIL-USDT | +0.0068% | 8h | 0.9902 | +0.038% | — | $11.9M | — | as long as short |
| Lighter FILlong | +0.0088% | 1h | 0.9898 | long leg | $159K | $347K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9900 | +0.018% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9914 | +0.158% | $499K | $529K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9902 | +0.038% | $7.9M | $16.2M | 50x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9911 | +0.132% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9884 | −0.142% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9884 | −0.142% | $293K | $798K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | +0.220% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9916 | +0.179% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9900 | +0.018% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9903 | +0.048% | $487 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9914 | +0.160% | $633K | $5.6M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9910 | +0.119% | $1.1M | $2.3M | 50x | |
| BloFin FIL-USDT | +0.0185% | 8h | 0.9910 | +0.119% | $2.7M | $556K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0666% | 1h | 0.9912 | +0.135% | $197K | — | 100x | as long as short |
MEXC FIL_USDC
Binance FILUSDT
Extended FIL-USD
BingX FIL-USDT
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]