Funding you earn now, next payment 02:00 UTC−0.0291%/8h= −31.8% APRpaid last 24h −0.051%
Price spread now: Kraken Futures against Phemex+0.075%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$930.929% of the position
Funding, last 7 days−0.225%−$23 on $10k
+Price spread, last 3 days (all we have)−0.005%$0 · spread now +0.075%, 7d avg +0.049%
=The price spread pays, funding is against you. Kraken Futures is 0.027% dearer against Phemex than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.049%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.225% in total) that is about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 1.0020 | 0.0100 | pay 0.0100% / 8h | 6h 14m | $1.1M | $2.3M | 50x |
| Short | Kraken Futures PF_FILUSD | 1.0028 | −0.0191 | pay 0.0024% / 1h | 14m 51s | $1.4M | $2.4M | 50x |
Phemex FILUSDT
Kraken Futures PF_FILUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$61.07
- Price spread: +0.075% → +0.049%
- $2.68
- Slippage, 4 orders
- −$70.88
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$151.27
- Costs to cover
- 0.929%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Kraken Futures: 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 Phemex live order book, 4 min ago | 4.98 bp | 22.9 bp −$23 | 103.8 bp −$1,038 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 5.97 bp | 21.0 bp −$21 | 42.7 bp −$427 | doesn't fit | doesn't fit |
FIL on 28 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 | −0.0296% | 1h | 1.0020 | 0.000% | $380K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSDshort | −0.0191% | 1h | 1.0028 | +0.075% | $1.4M | $2.4M | 50x | |
| OKX FIL-USDT-SWAP | −0.0051% | 8h | 1.0029 | +0.090% | $18.7M | $100.4M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0032% | 8h | 1.0021 | +0.010% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0024 | +0.040% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0010 | −0.095% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0032 | +0.120% | $173K | $23K | 25x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.647% | $2K | $240K | 12x | as long as short |
| Extended FIL-USD | +0.0040% | 1h | 1.0016 | −0.036% | $702K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0041% | 8h | 1.0023 | +0.030% | $57.9M | $180.2M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
Extended FIL-USD
Binance FILUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0081% | 8h | 1.0014 | −0.060% | $245K | $105K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0021 | +0.005% | $161K | $352K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0032 | +0.120% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0027 | +0.066% | $513K | $582K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0022 | +0.020% | $15.7M | $19.2M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0026 | +0.060% | $8.4M | $16.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0024 | +0.040% | $11.0M | $21.3M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0020 | 0.000% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0003 | −0.173% | $450K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0030 | +0.103% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0033 | +0.130% | $299K | $865K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0030 | +0.100% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0033 | +0.133% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.299% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0020 | 0.000% | $489 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0022 | +0.020% | $647K | $5.8M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 1.0020 | long leg | $1.1M | $2.3M | 50x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0574% / S −0.0237% | 1h | 1.0016 | −0.035% | $267K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
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
GMX FIL/USD [WBTC.b-USDC]