Funding you earn now, next payment 08:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h −0.039%
Price spread now: Kraken Futures against Phemex+0.060%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$870.869% of the position
Funding, last 7 days−0.220%−$22 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.060%, 7d avg +0.054%
=The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.220%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 0.9890 | 0.0100 | pay 0.0100% / 8h | 56m 14s | $1.2M | $2.6M | 50x |
| Short | Kraken Futures PF_FILUSD | 0.9896 | 0.0198 | get 0.0025% / 1h | 56m 14s | $1.4M | $2.1M | 50x |
Phemex FILUSDT
Kraken Futures PF_FILUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $20.49
- Price spread: +0.060% → +0.054%
- $0.67
- Slippage, 4 orders
- −$64.94
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$65.78
- Costs to cover
- 0.869%
- Break-even
- 29.5 days
Slippage from Phemex: live order book, 2 min ago; Kraken Futures: 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 | 10.09 bp | 25.9 bp −$26 | 113.1 bp −$1,131 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 5.04 bp | 15.8 bp −$16 | 29.5 bp −$295 | 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 | −0.0558% | 1h | 0.9897 | +0.071% | $170K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0176% | 1h | 0.9940 | +0.506% | $349K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9894 | +0.042% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9907 | +0.168% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.354% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0071% | 8h | 0.9893 | +0.030% | $7.0M | $8.0M | 50x | as long as short |
| OKX FIL-USDT-SWAP | +0.0089% | 8h | 0.9897 | +0.071% | $17.8M | $108.2M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9889 | −0.007% | $144K | $358K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9900 | +0.106% | $8.3M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9895 | +0.048% | $504K | $585K | 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
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 | 0.9897 | +0.070% | $55.7M | $186.1M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9895 | +0.051% | $15.5M | $20.5M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9895 | +0.051% | $8.2M | $16.6M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9892 | +0.020% | $229K | $98K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9892 | +0.020% | $11.2M | $19.7M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9896 | +0.061% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9911 | +0.210% | $441K | $283K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9911 | +0.215% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9911 | +0.213% | $292K | $1.4M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | +0.303% | $27K | $184K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9899 | +0.094% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9890 | 0.000% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9892 | +0.020% | $475 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9900 | +0.101% | $613K | $5.6M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9890 | long leg | $1.2M | $2.6M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9887 | −0.029% | $697K | $1.4M | 10x | as long as short |
| Kraken Futures PF_FILUSDshort | +0.0198% | 1h | 0.9896 | +0.060% | $1.4M | $2.1M | 50x | |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9904 | +0.142% | $2.7M | $674K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0601% / S −0.0280% | 1h | 0.9892 | +0.020% | $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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]