Funding you earn now, next payment 00:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.74 per $10,000 · paid last 24h −0.003%
Price spread now: Phemex against BloFin−0.010%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$880.885% of the position
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.010%, 7d avg −0.023%
=The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin FIL-USDT | 0.9861 | 0.0174 | pay 0.0174% / 8h | 38m 27s | $2.7M | $566K | 75x |
| Short | Phemex FILUSDT | 0.9860 | 0.0100 | get 0.0100% / 8h | 38m 27s | $1.1M | $2.3M | 50x |
BloFin FIL-USDT
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$15.59
- Price spread: −0.010% → −0.023%
- $1.33
- Slippage, 4 orders
- −$64.46
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$102.73
- Costs to cover
- 0.885%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Phemex: live order book, 5 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 BloFin live order book, 5 min ago | 0.51 bp | 6.5 bp −$7 | 10.1 bp −$101 | 29.4 bp −$2,942 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 5.04 bp | 53.6 bp −$54 | 134.6 bp −$1,346 | 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 | −0.0864% | 1h | 0.9866 | +0.051% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0395% | 1h | 0.9863 | +0.020% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9870 | +0.091% | $316K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | −0.061% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | −0.0012% | 8h | 0.9855 | −0.061% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9860 | −0.007% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9862 | +0.008% | $57K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0018% | 8h | 0.9858 | −0.030% | $18.1M | $98.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0030% | 8h | 0.9855 | −0.061% | $10.9M | $21.6M | 75x | as long as short |
| Bybit FILUSDT | +0.0046% | 8h | 0.9857 | −0.041% | $15.4M | $18.3M | 25x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Bitget FILUSDT
Bybit FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0053% | 8h | 0.9857 | −0.041% | $57.2M | $178.4M | 75x | as long as short |
| Extended FIL-USD | +0.0056% | 1h | 0.9854 | −0.070% | $689K | $2.3M | 10x | as long as short |
| MEXC FIL_USDC | +0.0057% | 8h | 0.9851 | −0.101% | $250K | $104K | 50x | as long as short |
| BingX FIL-USDC | +0.0061% | 8h | 0.9856 | −0.051% | — | $6.5M | — | as long as short |
| Lighter FIL | +0.0080% | 1h | 0.9852 | −0.090% | $158K | $347K | 5x | as long as short |
| Gate FIL_USDT | +0.0087% | 8h | 0.9856 | −0.051% | $7.9M | $16.2M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9861 | −0.004% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9864 | +0.034% | $497K | $529K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9868 | +0.074% | $439K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9864 | +0.027% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9868 | +0.072% | $294K | $818K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9880 | +0.193% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9866 | +0.052% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9850 | −0.112% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9858 | −0.030% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9865 | +0.041% | $629K | $5.7M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9860 | −0.010% | $1.1M | $2.3M | 50x | |
| BloFin FIL-USDTlong | +0.0174% | 8h | 0.9861 | long leg | $2.7M | $566K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0571% / S −0.0666% | 1h | 0.9860 | −0.009% | $196K | — | 100x | as long as short |
Binance FILUSDT
Extended FIL-USD
MEXC FIL_USDC
BingX FIL-USDC
Lighter FIL
Gate FIL_USDT
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
GMX FIL/USD [WBTC.b-USDC]