Funding you earn now, next payment 00:00 UTC−0.0125%/8h= −13.7% APRnext payment −$1.25 per $10,000 · paid last 24h −0.021%
Price spread now: Bitget against Phemex−0.020%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$750.745% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.020%, 7d avg −0.013%
=The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 0.9830 | 0.0100 | pay 0.0100% / 8h | 1h 52m | $1.1M | $2.3M | 50x |
| Short | Bitget FILUSDT | 0.9828 | −0.0025 | pay 0.0025% / 8h | 1h 52m | $10.8M | $21.4M | 75x |
Phemex FILUSDT
Bitget FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phemex. 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
- −$26.25
- Price spread: −0.020% → −0.013%
- −$0.78
- Slippage, 4 orders
- −$50.53
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$101.56
- Costs to cover
- 0.745%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; Bitget: live order book, 1 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 Phemex live order book, 6 min ago | 5.09 bp | 25.5 bp −$25 | 89.0 bp −$890 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 0.51 bp | 10.9 bp −$11 | 18.1 bp −$181 | 38.8 bp −$3,884 | 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 | −0.1373% | 1h | 0.9842 | +0.122% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0698% | 1h | 0.9835 | +0.054% | $1.4M | $2.3M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9873 | +0.437% | $316K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9850 | +0.203% | $2K | $182K | 12x | as long as short |
| Lighter FIL | −0.0112% | 1h | 0.9826 | −0.041% | $158K | $337K | 5x | as long as short |
| Bitget FILUSDTshort | −0.0025% | 8h | 0.9828 | −0.020% | $10.8M | $21.4M | 75x | |
| Bybit FILUSDT | −0.0011% | 8h | 0.9834 | +0.041% | $15.5M | $17.9M | 25x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9838 | +0.077% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9834 | +0.036% | $57K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0021% | 8h | 0.9834 | +0.041% | $18.2M | $96.1M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
Lighter FIL
Bybit FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FILUSDTM | +0.0022% | 8h | 0.9830 | 0.000% | $7.4M | $7.0M | 50x | as long as short |
| Variational Omni FIL | +0.0064% | 8h | 0.9851 | +0.210% | $438K | $277K | — | as long as short |
| MEXC FIL_USDC | +0.0079% | 8h | 0.9823 | −0.071% | $250K | $103K | 50x | as long as short |
| Binance FILUSDT | +0.0085% | 8h | 0.9832 | +0.020% | $56.5M | $174.6M | 75x | as long as short |
| BingX FIL-USDT | +0.0086% | 8h | 0.9832 | +0.020% | — | $11.9M | — | as long as short |
| Extended FIL-USD | +0.0088% | 1h | 0.9821 | −0.087% | $689K | $2.3M | 10x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9831 | +0.008% | $8.6M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9835 | +0.052% | $486K | $514K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9832 | +0.020% | $7.8M | $16.1M | 50x | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9858 | +0.288% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9867 | +0.378% | $289K | $801K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9850 | +0.203% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9843 | +0.135% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9840 | +0.102% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9833 | +0.031% | $478 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9835 | +0.051% | $622K | $5.6M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9830 | long leg | $1.1M | $2.3M | 50x | |
| BloFin FIL-USDT | +0.0205% | 8h | 0.9850 | +0.203% | $2.6M | $648K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0615% / S −0.0742% | 1h | 0.9834 | +0.044% | $213K | — | 100x | as long as short |
KuCoin FILUSDTM
Variational Omni FIL
MEXC FIL_USDC
Binance FILUSDT
BingX FIL-USDT
Extended FIL-USD
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
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]