Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.25 per $10,000 · paid last 24h −0.018%
Price spread now: Gate against Phemex+0.132%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$900.898% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.132%, 7d avg +0.012%
=The price spread pays, funding is against you. Gate is 0.120% dearer against Phemex than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.012%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.153% in total) that is about 5.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 0.9840 | 0.0100 | pay 0.0100% / 8h | 21m 15s | $1.1M | $2.4M | 50x |
| Short | Gate FIL_USDT | 0.9853 | 0.0075 | get 0.0075% / 8h | 21m 15s | $8.1M | $16.4M | 50x |
Phemex FILUSDT
Gate FIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$5.25
- Price spread: +0.132% → +0.012%
- $12
- Slippage, 4 orders
- −$62.85
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$83.1
- Costs to cover
- 0.898%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Gate: 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 | 5.08 bp | 28.2 bp −$28 | 101.5 bp −$1,015 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 1.02 bp | 13.5 bp −$14 | 26.0 bp −$260 | 61.2 bp −$6,123 | 101.5 bp −$50.8K |
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 | −0.0865% | 1h | 0.9855 | +0.152% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0395% | 1h | 0.9853 | +0.128% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9848 | +0.081% | $315K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | +0.152% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | −0.0027% | 8h | 0.9856 | +0.163% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9854 | +0.146% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9867 | +0.272% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0007% | 8h | 0.9847 | +0.071% | $18.1M | $99.0M | 50x | as long as short |
| Bitget FILUSDT | +0.0033% | 8h | 0.9849 | +0.091% | $10.9M | $21.6M | 75x | as long as short |
| Extended FIL-USD | +0.0040% | 1h | 0.9844 | +0.042% | $689K | $2.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Bitget FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0044% | 8h | 0.9849 | +0.086% | $57.1M | $179.4M | 75x | as long as short |
| Bybit FILUSDT | +0.0046% | 8h | 0.9850 | +0.102% | $15.4M | $18.4M | 25x | as long as short |
| MEXC FIL_USDC | +0.0048% | 8h | 0.9854 | +0.142% | $250K | $105K | 50x | as long as short |
| BingX FIL-USDT | +0.0049% | 8h | 0.9854 | +0.142% | — | $11.9M | — | as long as short |
| Gate FIL_USDTshort | +0.0075% | 8h | 0.9853 | +0.132% | $8.1M | $16.4M | 50x | |
| Lighter FIL | +0.0096% | 1h | 0.9855 | +0.147% | $158K | $348K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9854 | +0.142% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9855 | +0.154% | $494K | $546K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9853 | +0.134% | $440K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9835 | −0.048% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9843 | +0.034% | $294K | $805K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9840 | 0.000% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9859 | +0.191% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9850 | +0.102% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9844 | +0.041% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9858 | +0.183% | $628K | $5.7M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9840 | long leg | $1.1M | $2.4M | 50x | |
| BloFin FIL-USDT | +0.0164% | 8h | 0.9846 | +0.061% | $2.7M | $569K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0571% / S −0.0666% | 1h | 0.9855 | +0.149% | $196K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
MEXC FIL_USDC
BingX FIL-USDT
Lighter FIL
Hyperliquid FIL
Aster 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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]