Funding you earn now, next payment 01:00 UTC+0.0414%/8h= +45.3% APRpaid last 24h +0.143%
Price spread now: Bitget against Deribit−0.101%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$520.520% of the position
Funding, last 7 days+0.408%+$41 on $10k
+Price spread, last 3 days (all we have)−0.060%−$6 · spread now −0.101%, 7d avg −0.078%
=Funding pays, the price is against you. Bitget is 0.023% cheaper against Deribit than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.078%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.408% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit FIL_USDC-PERPETUAL | 0.9898 | −0.0356 | get 0.0044% / 1h | 42m 25s | $170K | $23K | 25x |
| Short | Bitget FILUSDT | 0.9888 | 0.0058 | get 0.0058% / 8h | 7h 42m | $10.9M | $21.6M | 75x |
Deribit FIL_USDC-PERPETUAL
Bitget FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $86.94
- Price spread: −0.101% → −0.078%
- −$2.33
- Slippage, 4 orders
- −$33.01
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $32.6
- Costs to cover
- 0.520%
- Break-even
- 4.4 days
Slippage from Deribit: live order book, 31 min ago; Bitget: live order book, 1 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, 31 min ago | 4.06 bp | 20.8 bp −$21 | 31.0 bp −$310 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 0.51 bp | 12.9 bp −$13 | 20.0 bp −$200 | 45.7 bp −$4,566 | 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-PERPETUALlong | −0.0356% | 1h | 0.9898 | long leg | $170K | $23K | 25x | |
| Kraken Futures PF_FILUSD | −0.0331% | 1h | 0.9894 | −0.040% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9880 | −0.182% | $317K | $1.8M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0037% | 8h | 0.9888 | −0.101% | $7.4M | $7.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0030% | 8h | 0.9888 | −0.101% | $18.0M | $99.0M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9892 | −0.058% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9883 | −0.152% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9887 | −0.112% | $690K | $3.0M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.434% | $2K | $240K | 12x | as long as short |
| Binance FILUSDT | +0.0034% | 8h | 0.9887 | −0.111% | $57.2M | $179.0M | 75x | as long as short |
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Injective FIL/USDC PERP
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0058% | 8h | 0.9878 | −0.202% | $248K | $104K | 50x | as long as short |
| Bitget FILUSDTshort | +0.0058% | 8h | 0.9888 | −0.101% | $10.9M | $21.6M | 75x | |
| Lighter FIL | +0.0096% | 1h | 0.9869 | −0.295% | $159K | $346K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9888 | −0.106% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9883 | −0.154% | $495K | $545K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9890 | −0.081% | $15.4M | $18.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9890 | −0.081% | $8.2M | $16.1M | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9887 | −0.111% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9868 | −0.303% | $440K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9869 | −0.291% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9873 | −0.249% | $292K | $812K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9870 | −0.283% | $30K | $196K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9900 | +0.021% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9890 | −0.081% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9891 | −0.071% | $489 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9877 | −0.212% | $632K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9880 | −0.182% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0134% | 8h | 0.9888 | −0.101% | $2.7M | $572K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0540% / S −0.0538% | 1h | 0.9894 | −0.045% | $197K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
BingX 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]