Funding you earn now, next payment 04:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.159%
Price spread now: MEXC against Deribit−0.130%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$410.414% of the position
Funding, last 7 days+0.358%+$36 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.130%, 7d avg −0.107%
=Funding pays, the price is against you. MEXC is 0.022% cheaper against Deribit than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.107%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.358% 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 | 1.0030 | −0.0248 | get 0.0031% / 1h | 24m 53s | $173K | $23K | 25x |
| Short | MEXC FIL_USDC | 1.0017 | 0.0097 | get 0.0097% / 8h | 4h 24m | $243K | $104K | 50x |
Deribit FIL_USDC-PERPETUAL
MEXC FIL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $72.45
- Price spread: −0.130% → −0.107%
- −$2.23
- Slippage, 4 orders
- −$34.4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $28.83
- Costs to cover
- 0.414%
- Break-even
- 4.2 days
Slippage from Deribit: live order book, 34 min ago; MEXC: live order book, 15 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, 34 min ago | 3.50 bp | 22.9 bp −$23 | 32.3 bp −$323 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 15 min ago | 1.51 bp | 7.0 bp −$7 | 13.2 bp −$132 | 75.3 bp −$7,529 | 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 | −0.0248% | 1h | 1.0030 | long leg | $173K | $23K | 25x | |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 1.0015 | −0.150% | $369K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0058% | 8h | 1.0019 | −0.110% | $18.6M | $105.1M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0013% | 8h | 1.0018 | −0.120% | $7.3M | $7.5M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0025 | −0.047% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0016 | −0.143% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.745% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 1.0028 | −0.020% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0016 | −0.141% | $155K | $362K | 5x | as long as short |
| Extended FIL-USD | +0.0096% | 1h | 1.0015 | −0.147% | $711K | $3.3M | 10x | as long as short |
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Lighter FIL
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDCshort | +0.0097% | 8h | 1.0017 | −0.130% | $243K | $104K | 50x | |
| Binance FILUSDT | +0.0097% | 8h | 1.0020 | −0.100% | $57.5M | $183.1M | 75x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0015 | −0.150% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0016 | −0.143% | $514K | $603K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0017 | −0.130% | $15.8M | $20.0M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0015 | −0.150% | $8.4M | $16.7M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0016 | −0.140% | $11.2M | $20.3M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0019 | −0.110% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0001 | −0.293% | $450K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0000 | −0.303% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9996 | −0.337% | $292K | $964K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0000 | −0.299% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0036 | +0.060% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0020 | −0.100% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0022 | −0.080% | $481 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0026 | −0.040% | $628K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0010 | −0.199% | $1.2M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0217% | 8h | 1.0011 | −0.189% | $2.7M | $662K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0237% | 1h | 1.0026 | −0.041% | $267K | — | 100x | as long as short |
Binance FILUSDT
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]