Funding you earn now, next payment 08:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.57 per $10,000 · paid last 24h +0.056%
Price spread now: Phemex against OKX−0.050%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$780.777% of the position
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.050%, 7d avg +0.024%
=Funding pays, the price is against you. Phemex is 0.074% cheaper against OKX than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.024%). If the spread goes back, that is −$7 on $10k: about 4.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX FIL-USDT-SWAP | 0.9965 | 0.0043 | pay 0.0043% / 8h | 2h 15m | $18.1M | $109.3M | 50x |
| Short | Phemex FILUSDT | 0.9960 | 0.0100 | get 0.0100% / 8h | 2h 15m | $1.2M | $2.6M | 50x |
OKX FIL-USDT-SWAP
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. 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
- $11.96
- Price spread: −0.050% → +0.024%
- −$7.4
- Slippage, 4 orders
- −$55.74
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$73.18
- Costs to cover
- 0.777%
- Break-even
- 49.8 days
Slippage from OKX: live order book, 4 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 OKX live order book, 4 min ago | 0.50 bp | 7.8 bp −$8 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 10.05 bp | 29.4 bp −$29 | 98.2 bp −$982 | 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 | −0.0240% | 1h | 0.9950 | −0.151% | $341K | $2.2M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0151% | 1h | 0.9966 | +0.010% | $171K | $23K | 25x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9960 | −0.050% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9943 | −0.223% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.104% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAPlong | +0.0043% | 8h | 0.9965 | long leg | $18.1M | $109.3M | 50x | |
| KuCoin FILUSDTM | +0.0061% | 8h | 0.9963 | −0.020% | $7.3M | $7.9M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9962 | −0.032% | $148K | $379K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9967 | +0.019% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9966 | +0.005% | $508K | $613K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
KuCoin FILUSDTM
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 | 0.9966 | +0.011% | $56.3M | $186.9M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9966 | +0.010% | $15.7M | $20.6M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9960 | −0.050% | $8.3M | $16.9M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9953 | −0.120% | $235K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9964 | −0.010% | $11.4M | $20.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9962 | −0.030% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9941 | −0.242% | $450K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9944 | −0.208% | $45K | $298K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9945 | −0.203% | $298K | $1.2M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9950 | −0.151% | $29K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9964 | −0.007% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9930 | −0.351% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9963 | −0.020% | $484 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9972 | +0.070% | $621K | $5.8M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9960 | −0.050% | $1.2M | $2.6M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9958 | −0.068% | $696K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9946 | −0.191% | $2.6M | $694K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0249% | 1h | 0.9973 | +0.078% | $1.4M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0602% / S −0.0280% | 1h | 0.9953 | −0.117% | $266K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
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]