Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Gate against Phemex+0.041%49s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1000.996% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.041%, 7d avg +0.018%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.023% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 0.9870 | 0.0100 | pay 0.0100% / 8h | 7h 28m | $1.2M | $2.6M | 50x |
| Short | Gate FIL_USDT | 0.9874 | 0.0100 | get 0.0100% / 8h | 7h 28m | $8.4M | $16.3M | 50x |
Phemex FILUSDT
Gate FIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: +0.041% → +0.018%
- $2.29
- Slippage, 4 orders
- −$72.58
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$97.3
- Costs to cover
- 0.996%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Gate: 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 Phemex live order book, 5 min ago | 10.12 bp | 28.9 bp −$29 | 98.4 bp −$984 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 1.52 bp | 19.0 bp −$19 | 31.7 bp −$317 | 56.4 bp −$5,640 | 86.5 bp −$43.3K |
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 | −0.0056% | 1h | 0.9880 | +0.101% | $351K | $2.1M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0053% | 1h | 0.9883 | +0.132% | $170K | $23K | 25x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9876 | +0.057% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9873 | +0.027% | $57K | $572 | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.152% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0085% | 8h | 0.9866 | −0.041% | $7.0M | $7.8M | 50x | as long as short |
| Bybit FILUSDT | +0.0094% | 8h | 0.9879 | +0.091% | $15.3M | $20.3M | 25x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9869 | −0.006% | $144K | $345K | 5x | as long as short |
| Kraken Futures PF_FILUSD | +0.0098% | 1h | 0.9879 | +0.092% | $1.4M | $2.1M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9877 | +0.070% | $8.3M | $9.4M | 5x | as long as short |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
KuCoin FILUSDTM
Bybit FILUSDT
Lighter FIL
Kraken Futures PF_FILUSD
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 0.9880 | +0.097% | $503K | $552K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9876 | +0.056% | $56.1M | $183.0M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9881 | +0.111% | $17.6M | $105.5M | 50x | as long as short |
| Gate FIL_USDTshort | +0.0100% | 8h | 0.9874 | +0.041% | $8.4M | $16.3M | 50x | |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9865 | −0.051% | $228K | $99K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9868 | −0.020% | $11.2M | $19.4M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9873 | +0.030% | — | $11.7M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9887 | +0.171% | $440K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9886 | +0.163% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9885 | +0.147% | $288K | $1.5M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9890 | +0.203% | $23K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9887 | +0.171% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9870 | 0.000% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9876 | +0.061% | $481 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9879 | +0.091% | $618K | $5.5M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9870 | long leg | $1.2M | $2.6M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9866 | −0.046% | $697K | $4.2M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9879 | +0.091% | $2.7M | $647K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0600% / S −0.0280% | 1h | 0.9879 | +0.088% | $264K | — | 100x | as long as short |
Aster FILUSDT
Binance FILUSDT
OKX FIL-USDT-SWAP
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
GMX FIL/USD [WBTC.b-USDC]