Funding you earn now, next payment 04:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.150%
Price spread now: Coinbase International against Phemex+0.100%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$950.954% of the position
Funding, last 7 days−0.330%−$33 on $10k
+Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.100%, 7d avg +0.100%
=The price spread sits at its 7-day average of +0.100%, so right now this pair is about funding alone: −$10 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 | 1.0010 | 0.0100 | pay 0.0100% / 8h | 3h 56m | $1.2M | $2.5M | 50x |
| Short | Coinbase International FIL-PERP-INTX | 1.0020 | −0.0240 | pay 0.0030% / 1h | 56m 19s | $367K | $2.1M | 50x |
Phemex FILUSDT
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$71.4
- Price spread: +0.100% → +0.100%
- $0.03
- Slippage, 4 orders
- −$73.37
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$166.74
- Costs to cover
- 0.954%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Coinbase International: 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 | 15.01 bp | 31.8 bp −$32 | 104.1 bp −$1,041 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 6.51 bp | 14.0 bp −$14 | 17.4 bp −$174 | 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-INTXshort | −0.0240% | 1h | 1.0020 | +0.100% | $367K | $2.1M | 50x | |
| Deribit FIL_USDC-PERPETUAL | −0.0149% | 1h | 1.0029 | +0.190% | $173K | $23K | 25x | as long as short |
| OKX FIL-USDT-SWAP | −0.0027% | 8h | 1.0021 | +0.110% | $18.5M | $105.7M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0024 | +0.135% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0004 | −0.055% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0009% | 8h | 1.0011 | +0.010% | $7.3M | $7.6M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.548% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0066% | 1h | 1.0025 | +0.150% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0019 | +0.093% | $154K | $354K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0010 | 0.000% | $8.5M | $9.5M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
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 | 1.0005 | −0.046% | $514K | $610K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 1.0022 | +0.122% | $57.6M | $183.8M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0019 | +0.090% | $15.9M | $20.2M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0018 | +0.080% | $8.5M | $16.6M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 1.0004 | −0.060% | $243K | $102K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0025 | +0.150% | $11.2M | $20.3M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0017 | +0.070% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0019 | +0.087% | $451K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0004 | −0.062% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9996 | −0.136% | $298K | $1.0M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0010 | 0.000% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0031 | +0.211% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0020 | +0.100% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0015 | +0.050% | $484 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0030 | +0.200% | $625K | $5.8M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 1.0010 | long leg | $1.2M | $2.5M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 1.0020 | +0.103% | $707K | $3.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9992 | −0.180% | $2.7M | $666K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0574% / S −0.0237% | 1h | 1.0020 | +0.104% | $267K | — | 100x | as long as short |
Aster FILUSDT
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX 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
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]