Funding you earn now, next payment 00:00 UTC+0.0184%/8h= +20.1% APRnext payment +$1.84 per $10,000 · paid last 24h +0.017%
Price spread now: Binance against Bybit−0.041%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 7 days+0.039%+$4 · spread now −0.041%, 7d avg +0.014%
=Funding pays, the price is against you. Binance is 0.054% cheaper against Bybit than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.014%). If the spread goes back, that is −$5 on $10k: about 24 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.055% in total) that is about 6.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.84 per $10,000. 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 | Bybit FILUSDT | 0.9760 | −0.0084 | get 0.0084% / 8h | 2h 44m | $15.3M | $17.9M | 25x |
| Short | Binance FILUSDT | 0.9756 | 0.0100 | get 0.0100% / 8h | 2h 44m | $55.8M | $175.9M | 75x |
Bybit FILUSDT
Binance FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $38.64
- Price spread: −0.041% → +0.014%
- −$5.45
- Slippage, 4 orders
- −$24.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$11.94
- Costs to cover
- 0.451%
- Break-even
- 9.2 days
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 14 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 Bybit live order book, 4 min ago | 0.51 bp | 12.8 bp −$13 | 33.6 bp −$336 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.51 bp | 8.4 bp −$8 | 16.3 bp −$163 | 52.9 bp −$5,289 | 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 | −0.0979% | 1h | 0.9753 | −0.072% | $168K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0628% | 1h | 0.9750 | −0.105% | $1.4M | $2.2M | 50x | as long as short |
| Lighter FIL | −0.0504% | 1h | 0.9735 | −0.253% | $155K | $332K | 5x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9755 | −0.051% | $312K | $1.9M | 50x | as long as short |
| Bybit FILUSDTlong | −0.0084% | 8h | 0.9760 | long leg | $15.3M | $17.9M | 25x | |
| Variational Omni FIL | −0.0037% | 8h | 0.9748 | −0.128% | $433K | $276K | — | as long as short |
| Bitget FILUSDT | −0.0030% | 8h | 0.9752 | −0.082% | $10.7M | $22.0M | 75x | as long as short |
| Hyperliquid FIL | −0.0013% | 1h | 0.9758 | −0.019% | $8.5M | $9.4M | 5x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9763 | +0.030% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9752 | −0.082% | $57K | $2K | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Lighter FIL
Coinbase International FIL-PERP-INTX
Variational Omni FIL
Bitget FILUSDT
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 | +0.0013% | 8h | 0.9760 | 0.000% | $18.0M | $95.8M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9751 | −0.092% | $2K | $148K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0038% | 8h | 0.9758 | −0.020% | $7.3M | $7.1M | 50x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9751 | −0.089% | $483K | $507K | 20x | as long as short |
| Binance FILUSDTshort | +0.0100% | 8h | 0.9756 | −0.041% | $55.8M | $175.9M | 75x | |
| Gate FIL_USDT | +0.0100% | 8h | 0.9744 | −0.164% | $7.7M | $16.2M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9748 | −0.123% | $248K | $104K | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9760 | 0.000% | — | $6.5M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9754 | −0.066% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9752 | −0.077% | $285K | $823K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9760 | 0.000% | $42K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9757 | −0.036% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9740 | −0.205% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9744 | −0.164% | $470 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9757 | −0.031% | $614K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9750 | −0.102% | $1.0M | $2.2M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9743 | −0.175% | $678K | $2.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9744 | −0.164% | $2.6M | $617K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0611% / S −0.0849% | 1h | 0.9764 | +0.037% | $206K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
Injective FIL/USDC PERP
KuCoin FILUSDTM
Aster 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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]