Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.023%
Price spread now: BingX against Phemex+0.080%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$760.757% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.080%, 7d avg −0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.100% dearer against Phemex than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 0.9990 | 0.0100 | pay 0.0100% / 8h | 5h 53m | $1.1M | $2.4M | 50x |
| Short | BingX FIL-USDT | 0.9998 | 0.0100 | get 0.0100% / 8h | 5h 53m | — | $11.9M | — |
Phemex FILUSDT
BingX FIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: +0.080% → −0.020%
- $10.05
- Slippage, 4 orders
- −$53.66
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$65.61
- Costs to cover
- 0.757%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; BingX: live order book, 15 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 | 15.04 bp | 32.2 bp −$32 | 103.6 bp −$1,036 | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 0.50 bp | 7.5 bp −$7 | 11.4 bp −$114 | 26.0 bp −$2,599 | 48.7 bp −$24.4K |
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 | −0.0256% | 1h | 1.0010 | +0.200% | $379K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0127% | 1h | 1.0008 | +0.177% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0062% | 8h | 0.9997 | +0.070% | $18.9M | $98.6M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0050% | 1h | 1.0003 | +0.130% | $172K | $23K | 25x | as long as short |
| KuCoin FILUSDTM | −0.0039% | 8h | 0.9996 | +0.060% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9989 | −0.014% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9996 | +0.063% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.351% | $2K | $240K | 12x | as long as short |
| Extended FIL-USD | +0.0048% | 1h | 0.9995 | +0.048% | $702K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0049% | 8h | 0.9998 | +0.076% | $57.7M | $177.0M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
Deribit FIL_USDC-PERPETUAL
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
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 | +0.0083% | 8h | 0.9994 | +0.040% | $244K | $102K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9996 | +0.060% | $159K | $352K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0000 | +0.099% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0000 | +0.098% | $510K | $576K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9996 | +0.060% | $15.7M | $19.0M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9999 | +0.090% | $8.5M | $16.3M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9996 | +0.060% | $11.0M | $20.2M | 75x | as long as short |
| BingX FIL-USDTshort | +0.0100% | 8h | 0.9998 | +0.080% | — | $11.9M | — | |
| Variational Omni FIL | +0.0100% | 8h | 1.0031 | +0.409% | $450K | $266K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9974 | −0.157% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9969 | −0.208% | $292K | $863K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9970 | −0.200% | $30K | $185K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9995 | +0.047% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9980 | −0.100% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0002 | +0.120% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0001 | +0.110% | $639K | $5.7M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9990 | long leg | $1.1M | $2.4M | 50x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0237% | 1h | 0.9990 | −0.005% | $266K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
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]