Funding you earn now, next payment 08:00 UTC+0.0099%/8h= +10.8% APRnext payment +$0.99 per $10,000 · paid last 24h −0.005%
Price spread now: BloFin against Phemex+0.050%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$990.992% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.050%, 7d avg +0.020%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.030% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 0.9910 | 0.0100 | pay 0.0100% / 8h | 4h 44m | $1.1M | $2.5M | 50x |
| Short | BloFin FIL-USDT | 0.9915 | 0.0199 | get 0.0199% / 8h | 4h 44m | $2.7M | $643K | 75x |
Phemex FILUSDT
BloFin FIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $20.71
- Price spread: +0.050% → +0.020%
- $3.01
- Slippage, 4 orders
- −$75.15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$75.43
- Costs to cover
- 0.992%
- Break-even
- 32.5 days
Slippage from Phemex: live order book, 4 min ago; BloFin: 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 Phemex live order book, 4 min ago | 10.05 bp | 31.4 bp −$31 | 101.5 bp −$1,015 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 4.53 bp | 11.3 bp −$11 | 15.5 bp −$155 | 33.8 bp −$3,382 | 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 | −0.0555% | 1h | 0.9925 | +0.151% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 0.9930 | +0.202% | $374K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0062% | 8h | 0.9964 | +0.545% | $18.6M | $104.0M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0019% | 8h | 0.9962 | +0.525% | $7.4M | $7.4M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9967 | +0.579% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9945 | +0.354% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.555% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0044% | 1h | 0.9920 | +0.098% | $1.3M | $2.3M | 50x | as long as short |
| Binance FILUSDT | +0.0080% | 8h | 0.9967 | +0.571% | $57.4M | $182.6M | 75x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9950 | +0.399% | $704K | $3.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Binance FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0082% | 8h | 0.9959 | +0.494% | $241K | $103K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9946 | +0.362% | $154K | $360K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9961 | +0.515% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9955 | +0.457% | $513K | $599K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9962 | +0.525% | $15.7M | $19.9M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9965 | +0.555% | $8.4M | $16.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9961 | +0.515% | $11.2M | $20.4M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9963 | +0.535% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9911 | +0.007% | $446K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9930 | +0.206% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9939 | +0.295% | $296K | $948K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | +0.101% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9973 | +0.641% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9920 | +0.101% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9915 | +0.050% | $474 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9929 | +0.192% | $620K | $5.8M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9910 | long leg | $1.1M | $2.5M | 50x | |
| BloFin FIL-USDTshort | +0.0199% | 8h | 0.9915 | +0.050% | $2.7M | $643K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0572% / S −0.0237% | 1h | 0.9966 | +0.568% | $266K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
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
GMX FIL/USD [WBTC.b-USDC]