Funding you earn now, next payment 22:00 UTC−0.0562%/8h= −61.5% APRpaid last 24h −0.117%
Price spread now: Deribit against BingX+0.132%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days−0.372%−$37 on $10k
+Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.132%, 7d avg +0.086%
=The price spread pays, funding is against you. Deribit is 0.047% dearer against BingX than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.086%): +$5 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.372% in total) that is about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.372% in total (about -19.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX FIL-USDT | 0.9818 | 0.0100 | pay 0.0100% / 8h | 2h 36m | — | $11.8M | — |
| Short | Deribit FIL_USDC-PERPETUAL | 0.9831 | −0.0462 | pay 0.0058% / 1h | 36m 45s | $169K | $23K | 25x |
BingX FIL-USDT
Deribit FIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BingX. 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
- −$118.02
- Price spread: +0.132% → +0.086%
- $4.67
- Slippage, 4 orders
- −$24.1
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$154.45
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Deribit: live order book, 51 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 BingX live order book, 6 min ago | 1.02 bp | 6.5 bp −$7 | 8.3 bp −$83 | 17.0 bp −$1,701 | 44.1 bp −$22.0K |
| Sell Deribit live order book, 51 min ago | 8.69 bp | 13.2 bp −$13 | 21.6 bp −$216 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_FILUSD | −0.0624% | 1h | 0.9818 | +0.001% | $1.4M | $2.3M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUALshort | −0.0462% | 1h | 0.9831 | +0.132% | $169K | $23K | 25x | |
| Lighter FIL | −0.0448% | 1h | 0.9801 | −0.169% | $156K | $332K | 5x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9815 | −0.031% | $314K | $1.9M | 50x | as long as short |
| Bybit FILUSDT | −0.0076% | 8h | 0.9804 | −0.143% | $15.4M | $18.0M | 25x | as long as short |
| Bitget FILUSDT | −0.0033% | 8h | 0.9808 | −0.102% | $10.8M | $22.0M | 75x | as long as short |
| Variational Omni FIL | −0.0025% | 8h | 0.9779 | −0.402% | $433K | $276K | — | as long as short |
| Hyperliquid FIL | −0.0020% | 1h | 0.9815 | −0.033% | $8.6M | $9.4M | 5x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9822 | +0.041% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9817 | −0.007% | $57K | $2K | 10x | as long as short |
Kraken Futures PF_FILUSD
Lighter FIL
Coinbase International FIL-PERP-INTX
Bybit FILUSDT
Bitget FILUSDT
Variational Omni FIL
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 | +0.0014% | 8h | 0.9801 | −0.173% | $18.1M | $96.3M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9751 | −0.682% | $2K | $148K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0036% | 8h | 0.9820 | +0.020% | $7.3M | $7.1M | 50x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9829 | +0.109% | $487K | $514K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9804 | −0.139% | $56.1M | $176.0M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9824 | +0.061% | $7.8M | $16.2M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9819 | +0.010% | $250K | $104K | 50x | as long as short |
| BingX FIL-USDTlong | +0.0100% | 8h | 0.9818 | long leg | — | $11.8M | — | |
| edgeX FILUSDC | +0.0100% | 4h | 0.9788 | −0.309% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9778 | −0.411% | $286K | $823K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9770 | −0.489% | $42K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9825 | +0.075% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9810 | −0.081% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9819 | +0.010% | $476 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9826 | +0.081% | $620K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9820 | +0.020% | $1.1M | $2.2M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9826 | +0.083% | $685K | $2.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9816 | −0.020% | $2.6M | $625K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0614% / S −0.0849% | 1h | 0.9823 | +0.046% | $208K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
Injective FIL/USDC PERP
KuCoin FILUSDTM
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
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]