Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.025%
Price spread now: Phemex against Bitget−0.369%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$980.976% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 3 days (all we have)+0.402%+$40 · spread now −0.369%, 7d avg +0.016%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.385% cheaper against Bitget than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget FILUSDT | 1.0027 | 0.0097 | pay 0.0097% / 8h | 6h 46m | $11.2M | $22.0M | 75x |
| Short | Phemex FILUSDT | 0.9990 | 0.0100 | get 0.0100% / 8h | 6h 46m | $1.1M | $2.3M | 50x |
Bitget FILUSDT
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- $0.63
- Price spread: −0.369% → +0.016%
- −$38.48
- Slippage, 4 orders
- −$73.58
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$135.43
- Costs to cover
- 0.976%
- Break-even
- 1511.8 days
Slippage from Bitget: live order book, 2 min ago; Phemex: live order book, 2 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 Bitget live order book, 2 min ago | 2.00 bp | 15.5 bp −$16 | 24.7 bp −$247 | 57.9 bp −$5,790 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 10.01 bp | 28.0 bp −$28 | 95.5 bp −$955 | 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 | −0.0296% | 1h | 0.9994 | −0.329% | $375K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0192% | 1h | 0.9989 | −0.377% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0059% | 8h | 1.0026 | −0.010% | $18.4M | $100.4M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0042% | 8h | 1.0019 | −0.080% | $7.4M | $7.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0005% / S +0.0006% | 1h | 0.9999 | −0.284% | $36K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0025 | −0.016% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0001 | −0.259% | $172K | $23K | 25x | as long as short |
| Extended FIL-USD | +0.0024% | 1h | 1.0022 | −0.053% | $699K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0026% | 8h | 1.0024 | −0.030% | $57.6M | $181.9M | 75x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.715% | $2K | $240K | 12x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Extended FIL-USD
Binance FILUSDT
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate FIL_USDT | +0.0050% | 8h | 1.0008 | −0.189% | $8.3M | $15.9M | 50x | as long as short |
| MEXC FIL_USDC | +0.0067% | 8h | 1.0020 | −0.070% | $246K | $103K | 50x | as long as short |
| BloFin FIL-USDT | +0.0093% | 8h | 0.9993 | −0.339% | $2.7M | $610K | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0019 | −0.079% | $161K | $342K | 5x | as long as short |
| Bitget FILUSDTlong | +0.0097% | 8h | 1.0027 | long leg | $11.2M | $22.0M | 75x | |
| Hyperliquid FIL | +0.0100% | 1h | 1.0008 | −0.189% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9998 | −0.290% | $510K | $611K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0019 | −0.080% | $15.7M | $18.8M | 25x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 1.0028 | +0.010% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9935 | −0.918% | $447K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9984 | −0.432% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9996 | −0.313% | $298K | $849K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9980 | −0.469% | $30K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0002 | −0.254% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.369% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9985 | −0.419% | $495 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9994 | −0.329% | $643K | $5.8M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9990 | −0.369% | $1.1M | $2.3M | 50x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0592% | 1h | 0.9998 | −0.287% | $202K | — | 100x | as long as short |
Gate FIL_USDT
MEXC FIL_USDC
BloFin FIL-USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit 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
GMX FIL/USD [WBTC.b-USDC]