Funding you earn now, next payment 07:00 UTC+0.0553%/8h= +60.6% APRpaid last 24h +0.205%
Price spread now: Phemex against Deribit−0.040%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$870.873% of the position
Funding, last 7 days+0.470%+$47 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.040%, 7d avg −0.071%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Phemex is 0.031% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit FIL_USDC-PERPETUAL | 0.9954 | −0.0453 | get 0.0057% / 1h | 22m 20s | $171K | $23K | 25x |
| Short | Phemex FILUSDT | 0.9950 | 0.0100 | get 0.0100% / 8h | 1h 22m | $1.2M | $2.6M | 50x |
Deribit FIL_USDC-PERPETUAL
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Deribit. 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
- $116.13
- Price spread: −0.040% → −0.071%
- $3.11
- Slippage, 4 orders
- −$68.31
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $31.92
- Costs to cover
- 0.873%
- Break-even
- 5.1 days
Slippage from Deribit: live order book, 21 min ago; Phemex: 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 Deribit live order book, 21 min ago | 5.05 bp | 17.6 bp −$18 | 27.0 bp −$270 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 5.03 bp | 28.7 bp −$29 | 98.2 bp −$982 | 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-PERPETUALlong | −0.0453% | 1h | 0.9954 | long leg | $171K | $23K | 25x | |
| Coinbase International FIL-PERP-INTX | −0.0248% | 1h | 0.9957 | +0.030% | $353K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9943 | −0.113% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9947 | −0.072% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.995% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAP | +0.0057% | 8h | 0.9951 | −0.030% | $18.0M | $109.3M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0058% | 8h | 0.9949 | −0.050% | $7.1M | $8.0M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9947 | −0.069% | $148K | $355K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9949 | −0.047% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9950 | −0.041% | $507K | $606K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Lighter FIL
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9950 | −0.042% | $55.9M | $187.1M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9949 | −0.050% | $15.6M | $20.5M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9947 | −0.070% | $8.2M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9946 | −0.080% | $230K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9948 | −0.060% | $11.3M | $20.1M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9950 | −0.040% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9947 | −0.073% | $442K | $273K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9900 | −0.541% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9907 | −0.471% | $288K | $1.3M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9900 | −0.542% | $27K | $184K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9958 | +0.040% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9950 | −0.040% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9951 | −0.030% | $480 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9955 | +0.010% | $620K | $5.6M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9950 | −0.040% | $1.2M | $2.6M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9949 | −0.046% | $696K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9936 | −0.181% | $2.6M | $678K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0245% | 1h | 0.9959 | +0.049% | $1.4M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0602% / S −0.0280% | 1h | 0.9941 | −0.128% | $266K | — | 100x | as long as short |
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
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]