Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.31 per $10,000 · paid last 24h −0.056%
Price spread now: OKX against Phemex−0.010%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$770.774% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.010%, 7d avg −0.023%
=The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 1.0000 | 0.0100 | pay 0.0100% / 8h | 1h 15m | $1.2M | $2.6M | 50x |
| Short | OKX FIL-USDT-SWAP | 0.9999 | 0.0069 | get 0.0069% / 8h | 1h 15m | $18.0M | $109.7M | 50x |
Phemex FILUSDT
OKX FIL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$6.61
- Price spread: −0.010% → −0.023%
- $1.32
- Slippage, 4 orders
- −$55.37
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$82.66
- Costs to cover
- 0.774%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago | 10.01 bp | 31.9 bp −$32 | 111.8 bp −$1,118 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.50 bp | 9.4 bp −$9 | 17.0 bp −$170 | 89.4 bp −$8,937 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0248% | 1h | 1.0011 | +0.110% | $352K | $2.2M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0150% | 1h | 1.0008 | +0.080% | $172K | $23K | 25x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0002 | +0.021% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0001 | +0.011% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.450% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0067% | 8h | 1.0001 | +0.010% | $7.1M | $8.0M | 50x | as long as short |
| OKX FIL-USDT-SWAPshort | +0.0069% | 8h | 0.9999 | −0.010% | $18.0M | $109.7M | 50x | |
| Lighter FIL | +0.0096% | 1h | 0.9999 | −0.008% | $149K | $355K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0005 | +0.050% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0007 | +0.066% | $510K | $606K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
KuCoin FILUSDTM
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 | 1.0004 | +0.043% | $56.3M | $187.5M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0003 | +0.030% | $15.7M | $20.5M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0006 | +0.060% | $8.3M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 1.0000 | 0.000% | $232K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0002 | +0.020% | $11.3M | $20.0M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 1.0004 | +0.040% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9996 | −0.042% | $450K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9999 | −0.008% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9992 | −0.083% | $295K | $1.3M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9990 | −0.100% | $27K | $184K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0011 | +0.109% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0000 | 0.000% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0004 | +0.040% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0006 | +0.060% | $624K | $5.6M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 1.0000 | long leg | $1.2M | $2.6M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9999 | −0.009% | $700K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9996 | −0.040% | $2.6M | $681K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0244% | 1h | 1.0008 | +0.080% | $1.4M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0605% / S −0.0280% | 1h | 1.0000 | +0.003% | $268K | — | 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
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]