Funding you earn now, next payment 00:00 UTC+0.0087%/8hnext payment +$0.87 per $10,000 · paid last 24h +0.048%
Price spread now: Phemex against OKX−0.062%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$740.741% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 3 days (all we have)+0.077%+$8 · spread now −0.062%, 7d avg +0.033%
=Funding pays, the price is against you. Phemex is 0.095% cheaper against OKX than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.033%). If the spread goes back, that is −$10 on $10k: about 3.7 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX FIL-USDT-SWAP | 0.9656 | 0.0013 | pay 0.0013% / 8h | 4h 04m | $17.6M | $97.9M | 50x |
| Short | Phemex FILUSDT | 0.9650 | 0.0100 | get 0.0100% / 8h | 4h 04m | $1.0M | $2.2M | 50x |
OKX FIL-USDT-SWAP
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. 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
- $18.18
- Price spread: −0.062% → +0.033%
- −$9.54
- Slippage, 4 orders
- −$52.13
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$65.48
- Costs to cover
- 0.741%
- Break-even
- 32.2 days
Slippage from OKX: 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 OKX live order book, 4 min ago | 0.52 bp | 8.3 bp −$8 | 18.3 bp −$183 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 5.18 bp | 27.8 bp −$28 | 100.2 bp −$1,002 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0400% | 1h | 0.9656 | 0.000% | $320K | $2.0M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0267% | 1h | 0.9661 | +0.052% | $166K | $22K | 25x | as long as short |
| Bybit FILUSDT | −0.0168% | 8h | 0.9656 | 0.000% | $15.6M | $16.9M | 25x | as long as short |
| Variational Omni FIL | −0.0111% | 8h | 0.9653 | −0.026% | $423K | $271K | — | as long as short |
| Injective FIL/USDC PERP | −0.0066% | 1h | 0.9658 | +0.021% | $2K | $145K | 12x | as long as short |
| Lighter FIL | −0.0016% | 1h | 0.9649 | −0.072% | $160K | $352K | 5x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9656 | −0.002% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9648 | −0.083% | $56K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAPlong | +0.0013% | 8h | 0.9656 | long leg | $17.6M | $97.9M | 50x | |
| Bitget FILUSDT | +0.0023% | 8h | 0.9648 | −0.083% | $10.7M | $22.9M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
Bybit FILUSDT
Variational Omni FIL
Injective FIL/USDC PERP
Lighter FIL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Bitget FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FILUSDTM | +0.0061% | 8h | 0.9650 | −0.062% | $7.2M | $7.4M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9649 | −0.075% | $8.5M | $9.3M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9650 | −0.066% | $477K | $549K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9655 | −0.010% | $55.2M | $178.7M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9652 | −0.041% | $7.7M | $16.9M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9650 | −0.062% | $246K | $106K | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9650 | −0.062% | — | $6.5M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9660 | +0.037% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9653 | −0.027% | $290K | $745K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9660 | +0.041% | $43K | $196K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9662 | +0.060% | $4K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9650 | −0.062% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9638 | −0.186% | $462 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9653 | −0.031% | $604K | $5.6M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9650 | −0.062% | $1.0M | $2.2M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9651 | −0.050% | $675K | $2.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9641 | −0.155% | $2.6M | $573K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0557% / S −0.0538% | 1h | 0.9656 | −0.005% | $142K | — | 100x | as long as short |
| Kraken Futures PF_FILUSD | +0.0602% | 1h | 0.9661 | +0.047% | $1.5M | $2.2M | 50x | as long as short |
KuCoin FILUSDTM
Hyperliquid FIL
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
BingX FIL-USDC
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
GMX FIL/USD [WBTC.b-USDC]
Kraken Futures PF_FILUSD