Funding you earn now, next payment 05:00 UTC+0.0478%/8h= +52.3% APRpaid last 24h +0.162%
Price spread now: KuCoin against Deribit−0.070%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.070%, 7d avg −0.051%
=The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: +$14 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 0.276% in total (about 14.4% 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 | 1.0013 | −0.0449 | get 0.0056% / 1h | 30m 07s | $172K | $23K | 25x |
| Short | KuCoin FILUSDTM | 1.0006 | 0.0029 | get 0.0029% / 8h | 3h 30m | $7.3M | $7.7M | 50x |
Deribit FIL_USDC-PERPETUAL
KuCoin FILUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $100.38
- Price spread: −0.070% → −0.051%
- −$1.9
- Slippage, 4 orders
- −$37.18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $42.3
- Costs to cover
- 0.562%
- Break-even
- 4.1 days
Slippage from Deribit: live order book, 23 min ago; KuCoin: live order book, 3 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, 23 min ago | 9.41 bp | 14.9 bp −$15 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 2.50 bp | 11.4 bp −$11 | 36.3 bp −$363 | 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 | −0.0449% | 1h | 1.0013 | long leg | $172K | $23K | 25x | |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9995 | −0.180% | $365K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0007 | −0.059% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0016 | +0.030% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | 0.0000% | 8h | 0.9997 | −0.160% | $18.6M | $106.1M | 50x | as long as short |
| KuCoin FILUSDTMshort | +0.0029% | 8h | 1.0006 | −0.070% | $7.3M | $7.7M | 50x | |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.578% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0066% | 1h | 1.0013 | +0.003% | $1.4M | $2.2M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0005 | −0.078% | $154K | $365K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0006 | −0.070% | $8.5M | $9.4M | 5x | as long as short |
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Lighter FIL
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 1.0002 | −0.109% | $511K | $611K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 1.0001 | −0.123% | $57.6M | $184.5M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9998 | −0.150% | $15.8M | $20.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0014 | +0.010% | $8.5M | $16.8M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 1.0000 | −0.130% | $242K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0001 | −0.120% | $11.2M | $20.2M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 1.0008 | −0.050% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0019 | +0.057% | $453K | $266K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9989 | −0.239% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9993 | −0.201% | $299K | $1.1M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9990 | −0.230% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0018 | +0.050% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0010 | −0.030% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0005 | −0.080% | $477 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0014 | +0.010% | $621K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0010 | −0.030% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 1.0003 | −0.100% | $704K | $3.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9992 | −0.210% | $2.7M | $703K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0582% / S −0.0249% | 1h | 1.0006 | −0.070% | $267K | — | 100x | as long as short |
Aster FILUSDT
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
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]