Funding you earn now, next payment 23:00 UTC−0.0942%/8h= −103.1% APRpaid last 24h −0.130%
Price spread now: Deribit against Bitget+0.163%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days−0.402%−$40 on $10k
+Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.163%, 7d avg +0.080%
=The price spread pays, funding is against you. Deribit is 0.082% dearer against Bitget than usual: you sell high and buy low (spread +0.163% now, against its 7-day average of +0.080%): +$8 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.402% in total) that is about 34 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.402% in total (about -21.0% 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 | Bitget FILUSDT | 0.9838 | −0.0024 | get 0.0024% / 8h | 1h 50m | $10.8M | $21.4M | 75x |
| Short | Deribit FIL_USDC-PERPETUAL | 0.9854 | −0.0966 | pay 0.0121% / 1h | 50m 26s | $170K | $23K | 25x |
Bitget FILUSDT
Deribit FIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$197.82
- Price spread: +0.163% → +0.080%
- $8.25
- Slippage, 4 orders
- −$32.15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$240.73
- Costs to cover
- 0.512%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Deribit: live order book, 33 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, 3 min ago | 0.51 bp | 11.9 bp −$12 | 17.4 bp −$174 | 40.3 bp −$4,030 | doesn't fit |
| Sell Deribit live order book, 33 min ago | 6.59 bp | 10.1 bp −$10 | 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 | −0.0966% | 1h | 0.9854 | +0.163% | $170K | $23K | 25x | |
| Kraken Futures PF_FILUSD | −0.0697% | 1h | 0.9847 | +0.090% | $1.4M | $2.3M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9873 | +0.356% | $316K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9850 | +0.122% | $2K | $182K | 12x | as long as short |
| Lighter FIL | −0.0120% | 1h | 0.9847 | +0.091% | $158K | $337K | 5x | as long as short |
| Bitget FILUSDTlong | −0.0024% | 8h | 0.9838 | long leg | $10.8M | $21.4M | 75x | |
| Bybit FILUSDT | −0.0008% | 8h | 0.9844 | +0.061% | $15.5M | $17.9M | 25x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9845 | +0.075% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9860 | +0.224% | $57K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0025% | 8h | 0.9853 | +0.152% | $7.4M | $7.0M | 50x | as long as short |
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
Lighter FIL
Bybit FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0025% | 8h | 0.9838 | 0.000% | $18.2M | $96.0M | 50x | as long as short |
| Variational Omni FIL | +0.0074% | 8h | 0.9831 | −0.075% | $438K | $277K | — | as long as short |
| MEXC FIL_USDC | +0.0076% | 8h | 0.9849 | +0.112% | $250K | $103K | 50x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9836 | −0.022% | $689K | $2.3M | 10x | as long as short |
| Binance FILUSDT | +0.0083% | 8h | 0.9844 | +0.062% | $56.5M | $174.5M | 75x | as long as short |
| BingX FIL-USDC | +0.0086% | 8h | 0.9844 | +0.061% | — | $6.5M | — | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9847 | +0.088% | $8.6M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9851 | +0.129% | $487K | $515K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9841 | +0.030% | $7.8M | $16.1M | 50x | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9838 | −0.004% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9867 | +0.297% | $289K | $801K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9830 | −0.081% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9853 | +0.150% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9840 | +0.020% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9844 | +0.061% | $479 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9844 | +0.061% | $623K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9840 | +0.020% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0203% | 8h | 0.9834 | −0.041% | $2.6M | $647K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0616% / S −0.0742% | 1h | 0.9847 | +0.087% | $214K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
Variational Omni FIL
MEXC FIL_USDC
Extended FIL-USD
Binance FILUSDT
BingX FIL-USDC
Hyperliquid FIL
Aster FILUSDT
Gate 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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]