Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.051%
Price spread now: Injective against Binance−0.143%107s7-day average +2.162% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 3 days (all we have)−1.160%−$116 · spread now −0.143%, 7d avg +2.162%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.305% cheaper against Binance than usual: you would sell low and buy high (−$231 if the spread goes back to its 7-day average of +2.162%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FILUSDT | 0.9765 | 0.0100 | pay 0.0100% / 8h | 2h 43m | $55.9M | $175.9M | 75x |
| Short | Injective FIL/USDC PERP | 0.9751 | 0.0033 | get 0.0004% / 1h | 43m 30s | $2K | $148K | 12x |
Binance FILUSDT
Injective FIL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −0.143% → +2.162%
- −$230.53
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$254.55
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 15 min ago; Injective: no order-book sample. Net counts fees only.
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, 15 min ago | 0.51 bp | 7.4 bp −$7 | 11.9 bp −$119 | 46.5 bp −$4,651 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0773% | 1h | 0.9766 | +0.010% | $168K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0628% | 1h | 0.9760 | −0.053% | $1.4M | $2.2M | 50x | as long as short |
| Lighter FIL | −0.0472% | 1h | 0.9757 | −0.084% | $156K | $332K | 5x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9755 | −0.102% | $312K | $1.9M | 50x | as long as short |
| Bybit FILUSDT | −0.0084% | 8h | 0.9770 | +0.051% | $15.4M | $17.9M | 25x | as long as short |
| Variational Omni FIL | −0.0037% | 8h | 0.9748 | −0.179% | $433K | $276K | — | as long as short |
| Bitget FILUSDT | −0.0030% | 8h | 0.9761 | −0.041% | $10.7M | $22.0M | 75x | as long as short |
| Hyperliquid FIL | −0.0008% | 1h | 0.9762 | −0.028% | $8.6M | $9.4M | 5x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9763 | −0.021% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9765 | +0.003% | $57K | $2K | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Lighter FIL
Coinbase International FIL-PERP-INTX
Bybit FILUSDT
Variational Omni FIL
Bitget FILUSDT
Hyperliquid FIL
gTrade (Gains Network) FIL/USD
dYdX FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0013% | 8h | 0.9765 | 0.000% | $18.0M | $95.9M | 50x | as long as short |
| Injective FIL/USDC PERPshort | +0.0033% | 1h | 0.9751 | −0.143% | $2K | $148K | 12x | |
| KuCoin FILUSDTM | +0.0037% | 8h | 0.9763 | −0.020% | $7.3M | $7.1M | 50x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9769 | +0.041% | $484K | $507K | 20x | as long as short |
| Binance FILUSDTlong | +0.0100% | 8h | 0.9765 | long leg | $55.9M | $175.9M | 75x | |
| Gate FIL_USDT | +0.0100% | 8h | 0.9765 | 0.000% | $7.8M | $16.2M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9754 | −0.113% | $248K | $104K | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9765 | 0.000% | — | $11.8M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9744 | −0.220% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9744 | −0.210% | $285K | $823K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9750 | −0.154% | $42K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9767 | +0.021% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9740 | −0.256% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9756 | −0.092% | $477 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9766 | +0.010% | $615K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9760 | −0.051% | $1.0M | $2.2M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9765 | −0.005% | $678K | $2.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9744 | −0.215% | $2.6M | $617K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0611% / S −0.0849% | 1h | 0.9764 | −0.014% | $206K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Aster FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
BingX FIL-USDT
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]