Funding you earn now, next payment 07:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.159%
Price spread now: Coinbase International against Phemex+0.303%7-day average +0.106% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$900.902% of the position
Funding, last 7 days−0.337%−$34 on $10k
+Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.303%, 7d avg +0.106%
=The price spread pays, funding is against you. Coinbase International is 0.196% dearer against Phemex than usual: you sell high and buy low (spread +0.303% now, against its 7-day average of +0.106%): +$20 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 0.9910 | 0.0100 | pay 0.0100% / 8h | 51m 51s | $1.2M | $2.6M | 50x |
| Short | Coinbase International FIL-PERP-INTX | 0.9940 | −0.0176 | pay 0.0022% / 1h | 51m 51s | $349K | $2.2M | 50x |
Phemex FILUSDT
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$57.96
- Price spread: +0.303% → +0.106%
- $19.64
- Slippage, 4 orders
- −$68.19
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$128.51
- Costs to cover
- 0.902%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Coinbase International: 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 Phemex live order book, 2 min ago | 10.11 bp | 29.2 bp −$29 | 114.9 bp −$1,149 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 5.55 bp | 13.3 bp −$13 | 17.0 bp −$170 | 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 | −0.0355% | 1h | 0.9915 | +0.050% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTXshort | −0.0176% | 1h | 0.9940 | +0.303% | $349K | $2.2M | 50x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9912 | +0.021% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9907 | −0.026% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.555% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0072% | 8h | 0.9922 | +0.121% | $7.1M | $8.0M | 50x | as long as short |
| OKX FIL-USDT-SWAP | +0.0093% | 8h | 0.9922 | +0.121% | $17.8M | $108.3M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9907 | −0.030% | $144K | $358K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9918 | +0.080% | $8.3M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9923 | +0.129% | $506K | $581K | 20x | as long as short |
Deribit FIL_USDC-PERPETUAL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
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 | 0.9925 | +0.147% | $55.9M | $185.5M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9918 | +0.081% | $15.5M | $20.4M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9915 | +0.050% | $8.2M | $16.6M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9921 | +0.111% | $230K | $99K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9923 | +0.131% | $11.2M | $19.7M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9922 | +0.121% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9886 | −0.245% | $440K | $283K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9903 | −0.066% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9909 | −0.011% | $298K | $1.4M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9900 | −0.101% | $27K | $184K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9916 | +0.063% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9900 | −0.101% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9911 | +0.010% | $480 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9917 | +0.071% | $613K | $5.5M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9910 | long leg | $1.2M | $2.6M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9922 | +0.118% | $697K | $2.0M | 10x | as long as short |
| Kraken Futures PF_FILUSD | +0.0197% | 1h | 0.9915 | +0.055% | $1.4M | $2.1M | 50x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9907 | −0.030% | $2.7M | $673K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0601% / S −0.0280% | 1h | 0.9911 | +0.013% | $265K | — | 100x | as long as short |
Binance FILUSDT
Bybit 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
Kraken Futures PF_FILUSD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]