Funding you earn now, next payment 00:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.71 per $10,000 · paid last 24h +0.048%
Price spread now: Phemex against OKX−0.040%53s7-day average +0.032% · 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—prices read too far apart to compare
costs, in and out, $10k−$840.840% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 3 days (all we have)+0.080%+$8 · spread now −0.040%, 7d avg +0.032%
=Funding pays, the price is against you. Phemex is 0.072% cheaper against OKX than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of +0.032%). If the spread goes back, that is −$7 on $10k: about 3.4 days of funding at the current rate (+$2 a day). The two prices were read 53 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 | OKX FIL-USDT-SWAP | 0.9894 | 0.0029 | pay 0.0029% / 8h | 1h 45m | $18.3M | $97.0M | 50x |
| Short | Phemex FILUSDT | 0.9890 | 0.0100 | get 0.0100% / 8h | 1h 45m | $1.1M | $2.3M | 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
- $14.9
- Price spread: −0.040% → +0.032%
- −$7.21
- Slippage, 4 orders
- −$62.04
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$76.35
- Costs to cover
- 0.840%
- Break-even
- 42.9 days
Slippage from OKX: live order book, 4 min ago; Phemex: live order book, 3 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 | 0.51 bp | 8.9 bp −$9 | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 15.19 bp | 33.8 bp −$34 | 96.3 bp −$963 | 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 | −0.0759% | 1h | 0.9901 | +0.071% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0694% | 1h | 0.9898 | +0.043% | $1.4M | $2.3M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9904 | +0.101% | $317K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.394% | $2K | $240K | 12x | as long as short |
| Lighter FIL | −0.0088% | 1h | 0.9888 | −0.063% | $159K | $347K | 5x | as long as short |
| Bitget FILUSDT | −0.0022% | 8h | 0.9898 | +0.040% | $10.9M | $21.4M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9898 | +0.045% | $25K | — | 150x | as long as short |
| Bybit FILUSDT | −0.0004% | 8h | 0.9895 | +0.010% | $15.6M | $17.9M | 25x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9895 | +0.010% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0021% | 8h | 0.9893 | −0.010% | $7.4M | $7.0M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
Lighter FIL
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
Bybit FILUSDT
dYdX FIL-USD
KuCoin FILUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAPlong | +0.0029% | 8h | 0.9894 | long leg | $18.3M | $97.0M | 50x | |
| MEXC FIL_USDC | +0.0075% | 8h | 0.9891 | −0.030% | $251K | $103K | 50x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9891 | −0.030% | $689K | $2.3M | 10x | as long as short |
| Binance FILUSDT | +0.0081% | 8h | 0.9895 | +0.009% | $56.9M | $174.6M | 75x | as long as short |
| BingX FIL-USDT | +0.0084% | 8h | 0.9893 | −0.010% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0085% | 8h | 0.9879 | −0.156% | $440K | $277K | — | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9894 | −0.004% | $8.7M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9899 | +0.050% | $490K | $515K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9894 | 0.000% | $7.8M | $16.1M | 50x | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9873 | −0.212% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9870 | −0.246% | $295K | $814K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9870 | −0.243% | $30K | $198K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9904 | +0.102% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9890 | −0.040% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9897 | +0.030% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9900 | +0.061% | $627K | $5.6M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9890 | −0.040% | $1.1M | $2.3M | 50x | |
| BloFin FIL-USDT | +0.0201% | 8h | 0.9881 | −0.131% | $2.6M | $650K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0617% / S −0.0742% | 1h | 0.9898 | +0.038% | $215K | — | 100x | as long as short |
MEXC FIL_USDC
Extended FIL-USD
Binance FILUSDT
BingX FIL-USDT
Variational Omni FIL
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]