FIL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0336%/8h= +36.8% APRnext payment +$0.42 per $10,000 · paid last 24h +0.118%

Price spread now: Extended against Coinbase International+0.545%56s7-day average −0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as 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−$400.404% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 3 days (all we have)−0.585%−$59 · spread now +0.545%, 7d avg −0.128%

Together, before fees−0.394%+ Points / potential airdropExtended: Active · farm board−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Extended is 0.673% dearer against Coinbase International than usual: you sell high and buy low: +$67 more if the spread goes back to its 7-day average of −0.128%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.192% in total (about 10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 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	Coinbase International FIL-PERP-INTX	0.9999	−0.0296	get 0.0037% / 1h	28m 25s	$367K	$2.1M	50x
Short	Extended FIL-USD	1.0054	0.0040	get 0.0005% / 1h	28m 25s	$706K	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now +0.545%Rate

Funding earned: $70.56
Price spread: +0.545% → −0.128%: $67.31
Slippage, 4 orders: −$25.36
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $97.52
Costs to cover: 0.404%
Break-even: from the start

Slippage from Coinbase International: live order book, 5 min ago; Extended: 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 Coinbase International live order book, 5 min ago	5.01 bp	10.0 bp −$10	14.4 bp −$144	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	2.31 bp	8.8 bp −$9	37.2 bp −$372	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-INTXlong	−0.0296%	1h	0.9999	long leg	$367K	$2.1M	50x
Kraken Futures PF_FILUSD	−0.0190%	1h	1.0063	+0.642%	$1.4M	$2.4M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0054%	8h	1.0055	+0.560%	$18.6M	$100.1M	50x	as long as short
KuCoin FILUSDTM	−0.0037%	8h	1.0046	+0.470%	$7.5M	$7.2M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	1.0051	+0.516%	$26K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	1.0016	+0.171%	$58K	$2K	10x	as long as short
Deribit FIL_USDC-PERPETUAL	0.0000%	1h	1.0065	+0.660%	$173K	$23K	25x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−1.440%	$2K	$240K	12x	as long as short
Binance FILUSDT	+0.0036%	8h	1.0049	+0.499%	$58.1M	$180.7M	75x	as long as short
Extended FIL-USDshort	+0.0040%	1h	1.0054	+0.545%	$706K	$3.3M	10x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC FIL_USDC	+0.0076%	8h	1.0034	+0.350%	$246K	$104K	50x	as long as short
Lighter FIL	+0.0096%	1h	1.0013	+0.140%	$160K	$352K	5x	as long as short
Gate FIL_USDT	+0.0096%	8h	1.0049	+0.500%	$8.4M	$16.3M	50x	as long as short
Hyperliquid FIL	+0.0100%	1h	1.0046	+0.470%	$8.6M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	1.0033	+0.338%	$513K	$605K	20x	as long as short
Bybit FILUSDT	+0.0100%	8h	1.0057	+0.580%	$16.0M	$19.0M	25x	as long as short
Bitget FILUSDT	+0.0100%	8h	1.0058	+0.590%	$11.1M	$21.8M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	1.0048	+0.490%	—	$11.9M	—	as long as short
Variational Omni FIL	+0.0100%	8h	1.0007	+0.079%	$451K	$269K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	1.0001	+0.021%	$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	1.0000	+0.010%	$30K	$189K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	1.0059	+0.599%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	1.0040	+0.410%	$2K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	1.0054	+0.550%	$496	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	1.0009	+0.100%	$649K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	1.0000	+0.010%	$1.1M	$2.3M	50x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0575% / S −0.0237%	1h	1.0050	+0.513%	$268K	—	100x	as long as short