Funding you earn now, next payment 08:00 UTC−0.0155%/8h= −16.9% APRnext payment −$1.55 per $10,000 · paid last 24h −0.056%
Price spread now: OKX against Phemex−0.050%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$880.877% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.050%, 7d avg −0.032%
=The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: −$5 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 | 1.0070 | 0.0100 | pay 0.0100% / 8h | 5h 32m | $1.1M | $2.5M | 50x |
| Short | OKX FIL-USDT-SWAP | 1.0065 | −0.0055 | pay 0.0055% / 8h | 5h 32m | $19.0M | $101.3M | 50x |
Phemex FILUSDT
OKX FIL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$32.48
- Price spread: −0.050% → −0.032%
- −$1.76
- Slippage, 4 orders
- −$65.68
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$121.93
- Costs to cover
- 0.877%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; OKX: 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 | 9.99 bp | 28.8 bp −$29 | 122.1 bp −$1,221 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.50 bp | 8.6 bp −$9 | 16.8 bp −$168 | 93.5 bp −$9,349 | 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-INTX | −0.0256% | 1h | 1.0076 | +0.060% | $381K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0126% | 1h | 1.0080 | +0.099% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAPshort | −0.0055% | 8h | 1.0065 | −0.050% | $19.0M | $101.3M | 50x | |
| KuCoin FILUSDTM | −0.0031% | 8h | 1.0092 | +0.218% | $7.5M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0003% / S +0.0006% | 1h | 1.0073 | +0.035% | $27K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0089 | +0.189% | $59K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0082 | +0.119% | $173K | $23K | 25x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −2.135% | $2K | $240K | 12x | as long as short |
| Extended FIL-USD | +0.0056% | 1h | 1.0079 | +0.087% | $712K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0059% | 8h | 1.0084 | +0.143% | $58.5M | $178.4M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
Extended FIL-USD
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0081% | 8h | 1.0082 | +0.119% | $244K | $103K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0082 | +0.123% | $160K | $352K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0092 | +0.218% | $8.7M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0093 | +0.224% | $513K | $578K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0072 | +0.020% | $15.7M | $19.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0086 | +0.159% | $8.6M | $16.4M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0077 | +0.070% | $11.0M | $20.1M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0075 | +0.050% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0041 | −0.293% | $452K | $266K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0057 | −0.134% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0078 | +0.079% | $293K | $880K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0060 | −0.099% | $30K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0084 | +0.136% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0070 | 0.000% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0076 | +0.060% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0083 | +0.129% | $637K | $5.8M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 1.0070 | long leg | $1.1M | $2.5M | 50x | |
| BloFin FIL-USDT | +0.0178% | 8h | 1.0081 | +0.109% | $2.8M | $642K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0576% / S −0.0237% | 1h | 1.0076 | +0.056% | $269K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]