Funding you earn now, next payment 03:00 UTC+0.0241%/8h= +26.4% APRnext payment +$0.30 per $10,000 · paid last 24h +0.169%
Price spread now: Injective against Coinbase International−1.598%64s7-day average +1.864% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.263%+$26 on $10k
+Price spread, last 4 days (all we have)+0.325%+$33 · spread now −1.598%, 7d avg +1.864%
=Funding pays, the price is against you. Injective is 3.462% cheaper against Coinbase International than usual: you would sell low and buy high (spread −1.598% now, against its 7-day average of +1.864%). If the spread goes back, that is −$346 on $10k: about 48 days of funding at the current rate (+$7 a day). The two prices were read 64 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 | 1.0015 | −0.0208 | get 0.0026% / 1h | 27m 53s | $369K | $2.1M | 50x |
| Short | Injective FIL/USDC PERP | 0.9855 | 0.0033 | get 0.0004% / 1h | 27m 53s | $2K | $240K | 12x |
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $50.68
- Price spread: −1.598% → +1.864%
- −$346.21
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$305.55
- Costs to cover
- 0.100%
- Break-even
- 49.2 days
Slippage unknown: Coinbase International: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.
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, 1 min ago | 4.49 bp | 12.7 bp −$13 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0848% | 1h | 1.0003 | −0.120% | $172K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTXlong | −0.0208% | 1h | 1.0015 | long leg | $369K | $2.1M | 50x | |
| OKX FIL-USDT-SWAP | −0.0062% | 8h | 1.0004 | −0.110% | $18.5M | $105.0M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0017% | 8h | 1.0001 | −0.140% | $7.4M | $7.5M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0006 | −0.094% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0018 | +0.030% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERPshort | +0.0033% | 1h | 0.9855 | −1.598% | $2K | $240K | 12x | |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 1.0007 | −0.084% | $1.4M | $2.3M | 50x | as long as short |
| Binance FILUSDT | +0.0095% | 8h | 1.0004 | −0.110% | $57.4M | $183.2M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9999 | −0.156% | $154K | $362K | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Kraken Futures PF_FILUSD
Binance FILUSDT
Lighter FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FIL-USD | +0.0096% | 1h | 0.9998 | −0.167% | $711K | $3.3M | 10x | as long as short |
| MEXC FIL_USDC | +0.0096% | 8h | 1.0001 | −0.140% | $242K | $104K | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0004 | −0.110% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0008 | −0.067% | $513K | $603K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0003 | −0.120% | $15.8M | $20.0M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0005 | −0.100% | $8.4M | $16.7M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0003 | −0.120% | $11.2M | $20.3M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 1.0001 | −0.140% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0011 | −0.042% | $451K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0005 | −0.102% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0010 | −0.053% | $299K | $957K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9970 | −0.449% | $30K | $180K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0008 | −0.072% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0010 | −0.050% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9998 | −0.170% | $482 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0010 | −0.050% | $626K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9990 | −0.250% | $1.2M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0213% | 8h | 1.0051 | +0.359% | $2.7M | $660K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0237% | 1h | 1.0004 | −0.107% | $267K | — | 100x | as long as short |
Extended FIL-USD
MEXC FIL_USDC
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDC
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]