Funding you earn now, next payment 08:00 UTC−0.0135%/8h= −14.8% APRnext payment −$1.35 per $10,000 · paid last 24h −0.022%
Price spread now: KuCoin against Phemex+0.041%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1081.077% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.041%, 7d avg +0.022%
=The price spread sits at its 7-day average of +0.022%, 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 | 0.9840 | 0.0100 | pay 0.0100% / 8h | 7h 54m | $1.1M | $2.3M | 50x |
| Short | KuCoin FILUSDTM | 0.9844 | −0.0035 | pay 0.0035% / 8h | 7h 54m | $7.4M | $7.1M | 50x |
Phemex FILUSDT
KuCoin FILUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$28.35
- Price spread: +0.041% → +0.022%
- $1.82
- Slippage, 4 orders
- −$83.75
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$134.28
- Costs to cover
- 1.077%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; KuCoin: 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 Phemex live order book, 4 min ago | 5.06 bp | 36.7 bp −$37 | 98.4 bp −$984 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 2.53 bp | 15.2 bp −$15 | 39.7 bp −$397 | 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 | −0.0562% | 1h | 0.9850 | +0.102% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0333% | 1h | 0.9844 | +0.040% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9881 | +0.417% | $318K | $1.8M | 50x | as long as short |
| Gate FIL_USDT | −0.0198% | 8h | 0.9846 | +0.061% | $8.2M | $16.0M | 50x | as long as short |
| KuCoin FILUSDTMshort | −0.0035% | 8h | 0.9844 | +0.041% | $7.4M | $7.1M | 50x | |
| OKX FIL-USDT-SWAP | −0.0025% | 8h | 0.9841 | +0.010% | $18.0M | $98.6M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9851 | +0.115% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9847 | +0.067% | $57K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0030% | 8h | 0.9838 | −0.020% | $57.0M | $179.7M | 75x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9841 | +0.010% | $689K | $2.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Gate FIL_USDT
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Binance FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | +0.152% | $2K | $240K | 12x | as long as short |
| BingX FIL-USDT | +0.0046% | 8h | 0.9844 | +0.041% | — | $12.0M | — | as long as short |
| Bitget FILUSDT | +0.0049% | 8h | 0.9840 | 0.000% | $10.8M | $21.6M | 75x | as long as short |
| MEXC FIL_USDC | +0.0054% | 8h | 0.9840 | 0.000% | $247K | $103K | 50x | as long as short |
| Bybit FILUSDT | +0.0061% | 8h | 0.9846 | +0.061% | $15.4M | $18.4M | 25x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9835 | −0.053% | $158K | $345K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9843 | +0.027% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9842 | +0.017% | $493K | $546K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9866 | +0.266% | $440K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9856 | +0.164% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9855 | +0.155% | $287K | $816K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9850 | +0.102% | $30K | $196K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9853 | +0.130% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9840 | 0.000% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9837 | −0.030% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9848 | +0.081% | $624K | $5.7M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9840 | long leg | $1.1M | $2.3M | 50x | |
| BloFin FIL-USDT | +0.0128% | 8h | 0.9842 | +0.020% | $2.6M | $568K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0538% / S −0.0538% | 1h | 0.9848 | +0.085% | $196K | — | 100x | as long as short |
Injective FIL/USDC PERP
BingX FIL-USDT
Bitget FILUSDT
MEXC FIL_USDC
Bybit FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]