Funding you earn now, next payment 08:00 UTC+0.0153%/8h= +16.8% APRnext payment +$0.19 per $10,000 · paid last 24h +0.126%
Price spread now: Kraken Futures against Coinbase International+0.103%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$610.605% of the position
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.103%, 7d avg −0.053%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.156% dearer against Coinbase International than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International FIL-PERP-INTX | 0.9934 | −0.0056 | get 0.0007% / 1h | 3m 32s | $329K | $2.2M | 50x |
| Short | Kraken Futures PF_FILUSD | 0.9944 | 0.0097 | get 0.0012% / 1h | 3m 32s | $1.4M | $2.1M | 50x |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $32.21
- Price spread: +0.103% → −0.053%
- $15.6
- Slippage, 4 orders
- −$40.5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$12.69
- Costs to cover
- 0.605%
- Break-even
- 9.8 days
Slippage from Coinbase International: live order book, 5 min ago; Kraken Futures: 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 | 3.52 bp | 12.7 bp −$13 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 4.53 bp | 16.4 bp −$16 | 29.9 bp −$299 | 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 | −0.0152% | 1h | 0.9944 | +0.101% | $171K | $18K | 25x | as long as short |
| Coinbase International FIL-PERP-INTXlong | −0.0056% | 1h | 0.9934 | long leg | $329K | $2.2M | 50x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9935 | +0.005% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9917 | −0.174% | $57K | $887 | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.795% | $2K | $240K | 12x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9914 | −0.205% | $144K | $346K | 5x | as long as short |
| Kraken Futures PF_FILUSDshort | +0.0097% | 1h | 0.9944 | +0.103% | $1.4M | $2.1M | 50x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9930 | −0.041% | $8.2M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9927 | −0.069% | $506K | $552K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9926 | −0.081% | $56.9M | $178.4M | 75x | as long as short |
Deribit FIL_USDC-PERPETUAL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit FILUSDT | +0.0100% | 8h | 0.9921 | −0.131% | $15.3M | $19.8M | 25x | as long as short |
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9927 | −0.070% | $17.9M | $103.7M | 50x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9920 | −0.141% | $8.5M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9919 | −0.151% | $230K | $100K | 50x | as long as short |
| KuCoin FILUSDTM | +0.0100% | 8h | 0.9917 | −0.171% | $7.1M | $7.8M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9920 | −0.141% | $11.8M | $19.3M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9920 | −0.141% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9958 | +0.240% | $444K | $271K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9952 | +0.184% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9946 | +0.117% | $297K | $1.6M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9960 | +0.262% | $23K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9945 | +0.111% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9950 | +0.161% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9940 | +0.060% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9945 | +0.111% | $624K | $5.4M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9930 | −0.040% | $1.3M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9920 | −0.137% | $700K | $4.2M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9955 | +0.211% | $2.7M | $640K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0598% / S −0.0280% | 1h | 0.9937 | +0.026% | $266K | — | 100x | as long as short |
Bybit FILUSDT
OKX FIL-USDT-SWAP
Gate FIL_USDT
MEXC FIL_USDC
KuCoin FILUSDTM
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
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]