Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.036%
Price spread now: Bybit against Phemex−0.030%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$780.776% of the position
Funding, last 7 days−0.167%−$17 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.030%, 7d avg −0.011%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 0.9940 | 0.0100 | pay 0.0100% / 8h | 3h 11m | $1.2M | $2.6M | 50x |
| Short | Bybit FILUSDT | 0.9937 | 0.0100 | get 0.0100% / 8h | 3h 11m | $15.8M | $20.4M | 25x |
Phemex FILUSDT
Bybit FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.030% → −0.011%
- −$1.94
- Slippage, 4 orders
- −$54.59
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$79.53
- Costs to cover
- 0.776%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Bybit: 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 Phemex live order book, 2 min ago | 5.03 bp | 27.5 bp −$28 | 118.2 bp −$1,182 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.50 bp | 12.5 bp −$13 | 34.6 bp −$346 | 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 | −0.0554% | 1h | 0.9946 | +0.060% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9947 | +0.070% | $357K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9945 | +0.051% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9950 | +0.103% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0005% | 8h | 0.9936 | −0.040% | $18.3M | $106.0M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0025% | 8h | 0.9940 | 0.000% | $7.3M | $7.8M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.855% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0067% | 1h | 0.9950 | +0.099% | $1.4M | $2.2M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9942 | +0.016% | $148K | $370K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9937 | −0.026% | $8.4M | $9.5M | 5x | 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
KuCoin FILUSDTM
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Lighter FIL
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 0.9946 | +0.063% | $508K | $613K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9940 | −0.004% | $56.9M | $184.9M | 75x | as long as short |
| Bybit FILUSDTshort | +0.0100% | 8h | 0.9937 | −0.030% | $15.8M | $20.4M | 25x | |
| Gate FIL_USDT | +0.0100% | 8h | 0.9942 | +0.020% | $8.4M | $16.9M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9940 | 0.000% | $234K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9938 | −0.020% | $11.2M | $20.4M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9938 | −0.020% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9951 | +0.108% | $450K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9949 | +0.087% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9949 | +0.086% | $288K | $1.1M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9960 | +0.201% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9953 | +0.127% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9940 | 0.000% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9944 | +0.040% | $474 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9943 | +0.030% | $618K | $5.8M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9940 | long leg | $1.2M | $2.6M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9937 | −0.029% | $700K | $1.6M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9951 | +0.111% | $2.7M | $707K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0586% / S −0.0257% | 1h | 0.9946 | +0.056% | $265K | — | 100x | as long as short |
Aster FILUSDT
Binance 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
GMX FIL/USD [WBTC.b-USDC]