Funding you earn now, next payment 06:00 UTC+0.0793%/8h= +86.9% APRnext payment +$0.99 per $10,000 · paid last 24h +0.217%
Price spread now: Injective against Deribit−0.354%63s7-day average +1.830% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.398%+$40 on $10k
+Price spread, last 4 days (all we have)−1.352%−$135 · spread now −0.354%, 7d avg +1.830%
=Funding pays, the price is against you. Injective is 2.184% cheaper against Deribit than usual: you would sell low and buy high (spread −0.354% now, against its 7-day average of +1.830%). If the spread goes back, that is −$218 on $10k: about 9.2 days of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.398% in total) that is about 38 days. The two prices were read 63 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 0.398% in total (about 20.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.99 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 | Deribit FIL_USDC-PERPETUAL | 0.9890 | −0.0760 | get 0.0095% / 1h | 37m 49s | $170K | $23K | 25x |
| Short | Injective FIL/USDC PERP | 0.9855 | 0.0033 | get 0.0004% / 1h | 37m 49s | $2K | $240K | 12x |
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $166.6
- Price spread: −0.354% → +1.830%
- −$218.38
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$58.8
- Costs to cover
- 0.070%
- Break-even
- 9.5 days
Slippage unknown: Deribit: live order book, 11 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 Deribit live order book, 11 min ago | 11.06 bp | 14.6 bp −$15 | doesn't fit | 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-PERPETUALlong | −0.0760% | 1h | 0.9890 | long leg | $170K | $23K | 25x | |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9889 | −0.010% | $339K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9884 | −0.063% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9898 | +0.085% | $58K | $1K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0022% | 8h | 0.9905 | +0.152% | $18.0M | $107.7M | 50x | as long as short |
| Injective FIL/USDC PERPshort | +0.0033% | 1h | 0.9855 | −0.354% | $2K | $240K | 12x | |
| KuCoin FILUSDTM | +0.0040% | 8h | 0.9896 | +0.061% | $7.2M | $7.9M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9896 | +0.065% | $147K | $379K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9901 | +0.115% | $8.3M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9905 | +0.150% | $505K | $613K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Lighter FIL
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9902 | +0.121% | $56.1M | $185.5M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9905 | +0.152% | $15.7M | $20.5M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9889 | −0.010% | $8.3M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9896 | +0.061% | $233K | $103K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9897 | +0.071% | $11.1M | $20.0M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9893 | +0.030% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9882 | −0.081% | $447K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9912 | +0.224% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9883 | −0.068% | $289K | $1.1M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9900 | +0.101% | $29K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9894 | +0.044% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | −0.101% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9884 | −0.061% | $484 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9891 | +0.010% | $615K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9880 | −0.101% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9884 | −0.057% | $693K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9855 | −0.354% | $2.6M | $699K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0251% | 1h | 0.9892 | +0.024% | $1.3M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0595% / S −0.0272% | 1h | 0.9883 | −0.067% | $264K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
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
Extended FIL-USD
BloFin FIL-USDT
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]