Funding you earn now, next payment 01:00 UTC−0.0396%/8h= −43.4% APRpaid last 24h −0.119%
Price spread now: Coinbase International against Bitget+0.220%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$490.494% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 3 days (all we have)−0.087%−$9 · spread now +0.220%, 7d avg +0.115%
=The price spread pays, funding is against you. Coinbase International is 0.105% dearer against Bitget than usual: you sell high and buy low (spread +0.220% now, against its 7-day average of +0.115%): +$11 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.293% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget FILUSDT | 0.9999 | 0.0100 | pay 0.0100% / 8h | 6h 31m | $11.0M | $21.8M | 75x |
| Short | Coinbase International FIL-PERP-INTX | 1.0021 | −0.0296 | pay 0.0037% / 1h | 31m 37s | $366K | $2.1M | 50x |
Bitget FILUSDT
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$83.16
- Price spread: +0.220% → +0.115%
- $10.52
- Slippage, 4 orders
- −$27.42
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$122.06
- Costs to cover
- 0.494%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Coinbase International: live order book, 2 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, 2 min ago | 0.50 bp | 12.1 bp −$12 | 22.7 bp −$227 | 63.9 bp −$6,394 | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 5.01 bp | 13.3 bp −$13 | 20.1 bp −$201 | doesn't fit | doesn't fit |
FIL on 28 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-INTXshort | −0.0296% | 1h | 1.0021 | +0.220% | $366K | $2.1M | 50x | |
| Kraken Futures PF_FILUSD | −0.0191% | 1h | 1.0033 | +0.344% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0061% | 8h | 1.0002 | +0.030% | $18.5M | $99.7M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0038% | 8h | 1.0010 | +0.110% | $7.4M | $7.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0028 | +0.294% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9997 | −0.017% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0038 | +0.390% | $173K | $23K | 25x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9990 | −0.086% | $702K | $3.3M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.440% | $2K | $240K | 12x | as long as short |
| Binance FILUSDT | +0.0034% | 8h | 1.0001 | +0.020% | $57.8M | $181.6M | 75x | as long as short |
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Extended FIL-USD
Injective FIL/USDC PERP
Binance FILUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0074% | 8h | 1.0000 | +0.010% | $245K | $104K | 50x | as long as short |
| Gate FIL_USDT | +0.0082% | 8h | 1.0006 | +0.070% | $8.3M | $16.2M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0002 | +0.028% | $161K | $352K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0008 | +0.090% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0010 | +0.110% | $512K | $605K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0007 | +0.080% | $15.9M | $19.0M | 25x | as long as short |
| Bitget FILUSDTlong | +0.0100% | 8h | 0.9999 | long leg | $11.0M | $21.8M | 75x | |
| BingX FIL-USDT | +0.0100% | 8h | 1.0002 | +0.030% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9985 | −0.140% | $449K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9972 | −0.271% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9985 | −0.136% | $294K | $865K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9970 | −0.290% | $30K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0033 | +0.338% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0020 | +0.210% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0028 | +0.290% | $496 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0039 | +0.400% | $650K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0020 | +0.210% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0237% | 1h | 1.0029 | +0.304% | $268K | — | 100x | as long as short |
MEXC FIL_USDC
Gate FIL_USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit 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
GMX FIL/USD [WBTC.b-USDC]