Funding you earn now, next payment 23:00 UTC+0.0498%/8h= +54.6% APRpaid last 24h +0.138%
Price spread now: BloFin against Coinbase International−0.030%58s7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days+0.431%+$43 on $10k
+Price spread, last 3 days (all we have)−0.075%−$7 · spread now −0.030%, 7d avg −0.080%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and BloFin is 0.050% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.080%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International FIL-PERP-INTX | 0.9853 | −0.0352 | get 0.0044% / 1h | 2m 07s | $317K | $1.8M | 50x |
| Short | BloFin FIL-USDT | 0.9850 | 0.0146 | get 0.0146% / 8h | 2m 07s | $2.7M | $568K | 75x |
Coinbase International FIL-PERP-INTX
BloFin FIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- $104.68
- Price spread: −0.030% → −0.080%
- $5
- Slippage, 4 orders
- −$21.91
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $65.78
- Costs to cover
- 0.439%
- Break-even
- 2.6 days
Slippage from Coinbase International: live order book, 2 min ago; BloFin: live order book, 6 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 Coinbase International live order book, 2 min ago | 6.09 bp | 11.8 bp −$12 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 1.52 bp | 10.2 bp −$10 | 15.9 bp −$159 | 38.2 bp −$3,815 | 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 | −0.0662% | 1h | 0.9856 | +0.030% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0395% | 1h | 0.9855 | +0.017% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTXlong | −0.0352% | 1h | 0.9853 | long leg | $317K | $1.8M | 50x | |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | +0.020% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | −0.0034% | 8h | 0.9851 | −0.020% | $7.4M | $7.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0016% | 8h | 0.9856 | +0.030% | $18.1M | $98.9M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9855 | +0.017% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9858 | +0.051% | $57K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0037% | 8h | 0.9854 | +0.007% | $57.1M | $179.5M | 75x | as long as short |
| Extended FIL-USD | +0.0040% | 1h | 0.9846 | −0.070% | $689K | $2.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Injective FIL/USDC PERP
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Binance FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FILUSDT | +0.0042% | 8h | 0.9854 | +0.010% | $10.9M | $21.6M | 75x | as long as short |
| BingX FIL-USDC | +0.0047% | 8h | 0.9852 | −0.010% | — | $6.5M | — | as long as short |
| Bybit FILUSDT | +0.0050% | 8h | 0.9856 | +0.030% | $15.4M | $18.4M | 25x | as long as short |
| MEXC FIL_USDC | +0.0051% | 8h | 0.9849 | −0.041% | $247K | $106K | 50x | as long as short |
| Gate FIL_USDT | +0.0069% | 8h | 0.9855 | +0.020% | $8.2M | $16.5M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9844 | −0.093% | $158K | $348K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9854 | +0.013% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9852 | −0.011% | $493K | $546K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9831 | −0.222% | $439K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9836 | −0.170% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9830 | −0.234% | $293K | $805K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9840 | −0.132% | $30K | $196K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9860 | +0.072% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9850 | −0.030% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9848 | −0.051% | $484 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9854 | +0.010% | $625K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9850 | −0.030% | $1.1M | $2.4M | 50x | as long as short |
| BloFin FIL-USDTshort | +0.0146% | 8h | 0.9850 | −0.030% | $2.7M | $568K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0537% / S −0.0538% | 1h | 0.9853 | 0.000% | $196K | — | 100x | as long as short |
Bitget FILUSDT
BingX FIL-USDC
Bybit FILUSDT
MEXC FIL_USDC
Gate FIL_USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
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]