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: Phemex against Bybit+0.121%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$1021.024% of the position
Funding, last 7 days+0.167%+$17 on $10k
+Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.121%, 7d avg +0.015%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.105% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FILUSDT | 0.9948 | 0.0100 | pay 0.0100% / 8h | 4h 39m | $15.7M | $20.0M | 25x |
| Short | Phemex FILUSDT | 0.9960 | 0.0100 | get 0.0100% / 8h | 4h 39m | $1.1M | $2.5M | 50x |
Bybit FILUSDT
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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: +0.121% → +0.015%
- $10.54
- Slippage, 4 orders
- −$79.37
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$91.84
- Costs to cover
- 1.024%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Phemex: live order book, 4 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 Bybit live order book, 4 min ago | 0.50 bp | 11.9 bp −$12 | 43.2 bp −$432 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 15.08 bp | 48.9 bp −$49 | 111.3 bp −$1,113 | 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 | −0.0451% | 1h | 0.9972 | +0.241% | $172K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 0.9960 | +0.121% | $376K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0066% | 8h | 0.9948 | 0.000% | $18.6M | $103.8M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0020% | 8h | 0.9962 | +0.141% | $7.4M | $7.4M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9973 | +0.251% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9956 | +0.076% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.935% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 0.9971 | +0.230% | $1.4M | $2.3M | 50x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9957 | +0.086% | $708K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0082% | 8h | 0.9956 | +0.084% | $57.2M | $182.7M | 75x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
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 | +0.0085% | 8h | 0.9953 | +0.050% | $241K | $103K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9955 | +0.066% | $155K | $360K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9959 | +0.112% | $8.5M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9963 | +0.151% | $511K | $599K | 20x | as long as short |
| Bybit FILUSDTlong | +0.0100% | 8h | 0.9948 | long leg | $15.7M | $20.0M | 25x | |
| Gate FIL_USDT | +0.0100% | 8h | 0.9963 | +0.151% | $8.4M | $16.6M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9960 | +0.121% | $11.2M | $20.4M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9961 | +0.131% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9952 | +0.037% | $448K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9952 | +0.043% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9919 | −0.295% | $296K | $948K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9930 | −0.181% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9980 | +0.322% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9970 | +0.221% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9964 | +0.161% | $482 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9978 | +0.302% | $623K | $5.8M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9960 | +0.121% | $1.1M | $2.5M | 50x | |
| BloFin FIL-USDT | +0.0201% | 8h | 0.9961 | +0.131% | $2.7M | $646K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0237% | 1h | 0.9971 | +0.233% | $266K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]