Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.036%
Price spread now: Phemex against Bybit−0.101%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$840.839% of the position
Funding, last 7 days+0.167%+$17 on $10k
+Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.101%, 7d avg +0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.107% cheaper against Bybit than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FILUSDT | 0.9900 | 0.0100 | pay 0.0100% / 8h | 1h 46m | $15.6M | $20.6M | 25x |
| Short | Phemex FILUSDT | 0.9890 | 0.0100 | get 0.0100% / 8h | 1h 46m | $1.2M | $2.6M | 50x |
Bybit FILUSDT
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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: −0.101% → +0.006%
- −$10.69
- Slippage, 4 orders
- −$60.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$94.55
- Costs to cover
- 0.839%
- Break-even
- never at this rate
Slippage from Bybit: 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 Bybit live order book, 2 min ago | 0.50 bp | 12.4 bp −$12 | 40.5 bp −$405 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 10.08 bp | 27.4 bp −$27 | 84.0 bp −$840 | 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-PERPETUAL | −0.0658% | 1h | 0.9904 | +0.040% | $170K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0248% | 1h | 0.9895 | −0.051% | $351K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9898 | −0.020% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9912 | +0.121% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.455% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAP | +0.0047% | 8h | 0.9903 | +0.030% | $17.9M | $109.5M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0062% | 8h | 0.9898 | −0.020% | $7.1M | $8.0M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9897 | −0.030% | $147K | $355K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9905 | +0.046% | $8.3M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9900 | +0.001% | $506K | $607K | 20x | as long as short |
Deribit FIL_USDC-PERPETUAL
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 | 0.9901 | +0.010% | $55.8M | $188.1M | 75x | as long as short |
| Bybit FILUSDTlong | +0.0100% | 8h | 0.9900 | long leg | $15.6M | $20.6M | 25x | |
| Gate FIL_USDT | +0.0100% | 8h | 0.9904 | +0.040% | $8.2M | $16.6M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9895 | −0.051% | $230K | $103K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9900 | 0.000% | $11.3M | $20.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9902 | +0.020% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9919 | +0.191% | $442K | $272K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9927 | +0.275% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9920 | +0.201% | $291K | $1.3M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | +0.202% | $29K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9904 | +0.041% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9900 | 0.000% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9902 | +0.020% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9907 | +0.071% | $614K | $5.7M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9890 | −0.101% | $1.2M | $2.6M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9895 | −0.054% | $697K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9921 | +0.212% | $2.7M | $689K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0247% | 1h | 0.9904 | +0.043% | $1.3M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0601% / S −0.0280% | 1h | 0.9897 | −0.035% | $265K | — | 100x | as long as short |
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget 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
Extended FIL-USD
BloFin FIL-USDT
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]