Funding you earn now, next payment 04:00 UTC−0.0448%/8h= −49.1% APRpaid last 24h −0.162%
Price spread now: Deribit against Binance0.000%7-day average +0.058% · 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−$53as in the Price arb table
costs, in and out, $10k−$470.472% of the position
Funding, last 7 days−0.342%−$34 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now 0.000%, 7d avg +0.058%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Deribit is 0.058% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.058%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FILUSDT | 1.0020 | 0.0100 | pay 0.0100% / 8h | 4h 01m | $57.6M | $183.7M | 75x |
| Short | Deribit FIL_USDC-PERPETUAL | 1.0020 | −0.0348 | pay 0.0044% / 1h | 1m 13s | $172K | $23K | 25x |
Binance FILUSDT
Deribit FIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Binance. 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
- −$94.08
- Price spread: 0.000% → +0.058%
- −$5.75
- Slippage, 4 orders
- −$30.23
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$147.07
- Costs to cover
- 0.472%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Deribit: live order book, 57 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 Binance live order book, 12 min ago | 0.50 bp | 8.5 bp −$8 | 13.8 bp −$138 | 50.8 bp −$5,084 | doesn't fit |
| Sell Deribit live order book, 57 min ago | 3.50 bp | 7.0 bp −$7 | doesn't fit | 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-PERPETUALshort | −0.0348% | 1h | 1.0020 | 0.000% | $172K | $23K | 25x | |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 1.0005 | −0.150% | $366K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0026% | 8h | 1.0014 | −0.060% | $18.5M | $105.5M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0017 | −0.028% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0020 | −0.004% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0010% | 8h | 1.0019 | −0.010% | $7.3M | $7.6M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.647% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 1.0023 | +0.030% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0016 | −0.042% | $154K | $365K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0021 | +0.010% | $8.5M | $9.4M | 5x | as long as short |
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTM
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Lighter FIL
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 1.0023 | +0.033% | $515K | $610K | 20x | as long as short |
| Binance FILUSDTlong | +0.0100% | 8h | 1.0020 | long leg | $57.6M | $183.7M | 75x | |
| Bybit FILUSDT | +0.0100% | 8h | 1.0016 | −0.040% | $15.8M | $20.1M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0017 | −0.030% | $8.5M | $16.8M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 1.0016 | −0.040% | $243K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0013 | −0.070% | $11.2M | $20.4M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0013 | −0.070% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9951 | −0.691% | $448K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9989 | −0.308% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9996 | −0.235% | $298K | $1.0M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0000 | −0.200% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0026 | +0.060% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0010 | −0.100% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0014 | −0.060% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0026 | +0.060% | $625K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0010 | −0.100% | $1.2M | $2.5M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 1.0013 | −0.066% | $711K | $3.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 1.0012 | −0.080% | $2.7M | $668K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0237% | 1h | 1.0017 | −0.032% | $267K | — | 100x | as long as short |
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDT
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
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]