Funding you earn now, next payment 21:00 UTC−0.0548%/8h= −60.0% APRpaid last 24h −0.127%
Price spread now: Coinbase International against BloFin+0.193%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days−0.425%−$43 on $10k
+Price spread, last 3 days (all we have)−0.248%−$25 · spread now +0.193%, 7d avg +0.073%
=The price spread pays, funding is against you. Coinbase International is 0.121% dearer against BloFin than usual: you sell high and buy low (spread +0.193% now, against its 7-day average of +0.073%): +$12 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.425% in total) that is about 48 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin FIL-USDT | 0.9824 | 0.0220 | pay 0.0220% / 8h | 2h 28m | $2.6M | $635K | 75x |
| Short | Coinbase International FIL-PERP-INTX | 0.9843 | −0.0328 | pay 0.0041% / 1h | 28m 23s | $315K | $1.9M | 50x |
BloFin FIL-USDT
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BloFin. 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
- −$115.08
- Price spread: +0.193% → +0.073%
- $12.06
- Slippage, 4 orders
- −$20.27
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$145.29
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Coinbase International: live order book, 5 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 BloFin live order book, 5 min ago | 1.02 bp | 7.5 bp −$8 | 12.8 bp −$128 | 33.6 bp −$3,364 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 7.14 bp | 13.7 bp −$14 | 16.7 bp −$167 | 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-PERPETUAL | −0.1374% | 1h | 0.9836 | +0.122% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0623% | 1h | 0.9833 | +0.088% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | −0.0392% | 1h | 0.9827 | +0.035% | $157K | $337K | 5x | as long as short |
| Coinbase International FIL-PERP-INTXshort | −0.0328% | 1h | 0.9843 | +0.193% | $315K | $1.9M | 50x | |
| Bybit FILUSDT | −0.0059% | 8h | 0.9836 | +0.122% | $15.5M | $18.0M | 25x | as long as short |
| Bitget FILUSDT | −0.0035% | 8h | 0.9835 | +0.112% | $10.8M | $21.9M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9846 | +0.219% | $24K | — | 150x | as long as short |
| Variational Omni FIL | −0.0002% | 8h | 0.9833 | +0.087% | $435K | $276K | — | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9837 | +0.128% | $57K | $2K | 10x | as long as short |
| Hyperliquid FIL | +0.0003% | 1h | 0.9837 | +0.132% | $8.6M | $9.5M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Lighter FIL
Bybit FILUSDT
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
Variational Omni FIL
dYdX FIL-USD
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0012% | 8h | 0.9836 | +0.122% | $18.1M | $96.6M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0033% | 8h | 0.9833 | +0.092% | $7.3M | $7.1M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9751 | −0.743% | $2K | $148K | 12x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9840 | +0.162% | $487K | $514K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9840 | +0.163% | $56.4M | $175.9M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9835 | +0.112% | $7.8M | $16.3M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9829 | +0.051% | $250K | $105K | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9838 | +0.143% | — | $6.5M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9825 | +0.006% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9829 | +0.055% | $288K | $813K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9840 | +0.163% | $42K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9838 | +0.141% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9820 | −0.041% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9827 | +0.031% | $478 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9832 | +0.081% | $622K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9830 | +0.061% | $1.1M | $2.2M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9832 | +0.085% | $685K | $2.3M | 10x | as long as short |
| BloFin FIL-USDTlong | +0.0220% | 8h | 0.9824 | long leg | $2.6M | $635K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0614% / S −0.0742% | 1h | 0.9831 | +0.076% | $213K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Injective FIL/USDC PERP
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
BingX 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
GMX FIL/USD [WBTC.b-USDC]