Funding you earn now, next payment 23:00 UTC+0.0735%/8h= +80.5% APRpaid last 24h +0.134%
Price spread now: BingX against Deribit−0.081%7-day average −0.087% · 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−$39as in the Price arb table
costs, in and out, $10k−$400.401% of the position
Funding, last 7 days+0.387%+$39 on $10k
+Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.081%, 7d avg −0.087%
=The price spread sits at its 7-day average of −0.087%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.387% in total (about 20.2% a year). A funding rate is set anew for every payment. 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 | Deribit FIL_USDC-PERPETUAL | 0.9935 | −0.0655 | get 0.0082% / 1h | 11m 02s | $171K | $23K | 25x |
| Short | BingX FIL-USDT | 0.9927 | 0.0080 | get 0.0080% / 8h | 1h 11m | — | $11.9M | — |
Deribit FIL_USDC-PERPETUAL
BingX FIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Deribit. 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
- $154.35
- Price spread: −0.081% → −0.087%
- $0.66
- Slippage, 4 orders
- −$23.11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $114.9
- Costs to cover
- 0.401%
- Break-even
- 1.8 days
Slippage from Deribit: live order book, 7 min ago; BingX: live order book, 7 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 Deribit live order book, 7 min ago | 3.03 bp | 19.7 bp −$20 | 28.6 bp −$286 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 1.01 bp | 6.5 bp −$7 | 9.2 bp −$92 | 21.3 bp −$2,126 | 45.0 bp −$22.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_FILUSD | −0.0691% | 1h | 0.9931 | −0.043% | $1.3M | $2.3M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUALlong | −0.0655% | 1h | 0.9935 | long leg | $171K | $23K | 25x | |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9929 | −0.060% | $319K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.805% | $2K | $240K | 12x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9932 | −0.029% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9933 | −0.024% | $58K | $2K | 10x | as long as short |
| Bitget FILUSDT | +0.0007% | 8h | 0.9922 | −0.131% | $10.8M | $21.6M | 75x | as long as short |
| KuCoin FILUSDTM | +0.0013% | 8h | 0.9926 | −0.091% | $7.4M | $7.0M | 50x | as long as short |
| Bybit FILUSDT | +0.0033% | 8h | 0.9926 | −0.091% | $15.4M | $18.1M | 25x | as long as short |
| OKX FIL-USDT-SWAP | +0.0039% | 8h | 0.9924 | −0.111% | $18.2M | $98.4M | 50x | as long as short |
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Bitget FILUSDT
KuCoin FILUSDTM
Bybit FILUSDT
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0076% | 8h | 0.9923 | −0.121% | $252K | $105K | 50x | as long as short |
| Binance FILUSDT | +0.0078% | 8h | 0.9923 | −0.121% | $57.4M | $176.3M | 75x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9921 | −0.141% | $692K | $2.3M | 10x | as long as short |
| BingX FIL-USDTshort | +0.0080% | 8h | 0.9927 | −0.081% | — | $11.9M | — | |
| Lighter FIL | +0.0096% | 1h | 0.9923 | −0.124% | $159K | $349K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9927 | −0.080% | $8.7M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9930 | −0.050% | $499K | $525K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9924 | −0.111% | $7.9M | $16.3M | 50x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9909 | −0.259% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9918 | −0.172% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9921 | −0.137% | $288K | $790K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | −0.151% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9937 | +0.015% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9920 | −0.151% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9926 | −0.091% | $492 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9932 | −0.030% | $628K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9930 | −0.050% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0198% | 8h | 0.9923 | −0.121% | $2.7M | $659K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0601% / S −0.0709% | 1h | 0.9932 | −0.033% | $208K | — | 100x | as long as short |
MEXC FIL_USDC
Binance FILUSDT
Extended FIL-USD
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
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]