Funding you earn now, next payment 23:00 UTC+0.0269%/8h= +29.5% APRnext payment +$0.34 per $10,000 · paid last 24h +0.123%
Price spread now: Kraken Futures against Deribit+0.036%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$600.596% of the position
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.036%, 7d avg −0.018%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.054% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit FIL_USDC-PERPETUAL | 0.9874 | −0.0964 | get 0.0120% / 1h | 29m 20s | $170K | $23K | 25x |
| Short | Kraken Futures PF_FILUSD | 0.9878 | −0.0695 | pay 0.0087% / 1h | 29m 20s | $1.3M | $2.3M | 50x |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $56.49
- Price spread: +0.036% → −0.018%
- $5.36
- Slippage, 4 orders
- −$42.61
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $2.25
- Costs to cover
- 0.596%
- Break-even
- 6.7 days
Slippage from Deribit: live order book, 54 min ago; Kraken Futures: live order book, 4 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, 54 min ago | 6.59 bp | 18.2 bp −$18 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 3.54 bp | 15.5 bp −$16 | 42.5 bp −$425 | 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-PERPETUALlong | −0.0964% | 1h | 0.9874 | long leg | $170K | $23K | 25x | |
| Kraken Futures PF_FILUSDshort | −0.0695% | 1h | 0.9878 | +0.036% | $1.3M | $2.3M | 50x | |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9880 | +0.061% | $317K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.192% | $2K | $240K | 12x | as long as short |
| Bitget FILUSDT | −0.0014% | 8h | 0.9868 | −0.061% | $10.9M | $21.5M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9873 | −0.012% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9872 | −0.023% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0009% | 8h | 0.9867 | −0.071% | $7.4M | $7.0M | 50x | as long as short |
| Bybit FILUSDT | +0.0011% | 8h | 0.9872 | −0.020% | $15.5M | $18.0M | 25x | as long as short |
| OKX FIL-USDT-SWAP | +0.0031% | 8h | 0.9870 | −0.041% | $18.1M | $97.4M | 50x | as long as short |
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter FIL | +0.0056% | 1h | 0.9869 | −0.054% | $158K | $349K | 5x | as long as short |
| Extended FIL-USD | +0.0072% | 1h | 0.9867 | −0.070% | $689K | $2.3M | 10x | as long as short |
| MEXC FIL_USDC | +0.0074% | 8h | 0.9862 | −0.122% | $251K | $104K | 50x | as long as short |
| Binance FILUSDT | +0.0075% | 8h | 0.9868 | −0.061% | $56.7M | $175.2M | 75x | as long as short |
| BingX FIL-USDT | +0.0077% | 8h | 0.9868 | −0.061% | — | $11.9M | — | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9867 | −0.071% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9870 | −0.041% | $496K | $525K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9867 | −0.071% | $7.8M | $16.2M | 50x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9864 | −0.099% | $439K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9883 | +0.090% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9852 | −0.225% | $286K | $803K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9890 | +0.162% | $30K | $198K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9877 | +0.033% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9860 | −0.142% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9870 | −0.041% | $490 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9871 | −0.030% | $626K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9870 | −0.041% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0195% | 8h | 0.9877 | +0.030% | $2.7M | $656K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0598% / S −0.0709% | 1h | 0.9872 | −0.016% | $206K | — | 100x | as long as short |
Lighter FIL
Extended FIL-USD
MEXC FIL_USDC
Binance FILUSDT
BingX FIL-USDT
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]