Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.004%
Price spread now: Binance against Bitget−0.020%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$430.426% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now −0.020%, 7d avg +0.012%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.032% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget FILUSDT | 1.0088 | 0.0100 | pay 0.0100% / 8h | 5h 17m | $11.0M | $19.9M | 75x |
| Short | Binance FILUSDT | 1.0086 | 0.0072 | get 0.0072% / 8h | 5h 17m | $58.7M | $178.5M | 75x |
Bitget FILUSDT
Binance FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$5.87
- Price spread: −0.020% → +0.012%
- −$3.2
- Slippage, 4 orders
- −$20.58
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$51.65
- Costs to cover
- 0.426%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 10 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 Bitget live order book, 1 min ago | 0.99 bp | 14.9 bp −$15 | 22.4 bp −$224 | 42.2 bp −$4,217 | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.50 bp | 7.5 bp −$8 | 13.0 bp −$130 | 45.2 bp −$4,519 | 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 | −0.0256% | 1h | 1.0090 | +0.020% | $380K | $2.2M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0146% | 1h | 1.0089 | +0.010% | $174K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0126% | 1h | 1.0089 | +0.005% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0061% | 8h | 1.0090 | +0.020% | $19.2M | $102.0M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0021% | 8h | 1.0083 | −0.050% | $7.5M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0003% / S +0.0006% | 1h | 1.0084 | −0.040% | $27K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0086 | −0.015% | $59K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −2.310% | $2K | $240K | 12x | as long as short |
| Extended FIL-USD | +0.0072% | 1h | 1.0084 | −0.037% | $712K | $3.3M | 10x | as long as short |
| Binance FILUSDTshort | +0.0072% | 8h | 1.0086 | −0.020% | $58.7M | $178.5M | 75x |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0090% | 8h | 1.0080 | −0.079% | $244K | $104K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0082 | −0.060% | $160K | $353K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0087 | −0.010% | $8.7M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0087 | −0.008% | $512K | $577K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0086 | −0.020% | $15.9M | $19.5M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0084 | −0.040% | $8.6M | $16.5M | 50x | as long as short |
| Bitget FILUSDTlong | +0.0100% | 8h | 1.0088 | long leg | $11.0M | $19.9M | 75x | |
| BingX FIL-USDT | +0.0100% | 8h | 1.0080 | −0.079% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0078 | −0.098% | $454K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0080 | −0.077% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0093 | +0.054% | $293K | $896K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0090 | +0.020% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0095 | +0.065% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0080 | −0.079% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0081 | −0.069% | $488 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0086 | −0.020% | $636K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0070 | −0.178% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0191% | 8h | 1.0081 | −0.069% | $2.8M | $649K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0577% / S −0.0237% | 1h | 1.0085 | −0.028% | $269K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]