Funding you earn now, next payment 00:00 UTC−0.0328%/8h= −35.9% APRnext payment −$0.41 per $10,000 · paid last 24h −0.110%
Price spread now: Coinbase International against dYdX−0.062%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Coinbase International is 0.062% cheaper against dYdX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.118% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 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 | dYdX FIL-USD | 0.9985 | 0 | get 0.0000% / 1h | 11m 26s | $58K | $2K | 10x |
| Short | Coinbase International FIL-PERP-INTX | 0.9979 | −0.0328 | pay 0.0041% / 1h | 11m 26s | $339K | $1.9M | 50x |
dYdX FIL-USD
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against dYdX. 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
- −$68.88
- Price spread: −0.062% → 0.000%
- −$6.21
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$95.09
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: dYdX: no order-book sample; Coinbase International: live order book, 2 min ago. 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 2 min ago | 7.01 bp | 12.1 bp −$12 | 17.6 bp −$176 | doesn't fit | doesn't fit |
dYdX: 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-PERPETUAL | −0.0550% | 1h | 0.9991 | +0.058% | $172K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0328% | 1h | 0.9988 | +0.024% | $1.4M | $2.3M | 50x | as long as short |
| Coinbase International FIL-PERP-INTXshort | −0.0328% | 1h | 0.9979 | −0.062% | $339K | $1.9M | 50x | |
| OKX FIL-USDT-SWAP | −0.0038% | 8h | 0.9989 | +0.038% | $18.4M | $98.2M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0036% | 8h | 0.9995 | +0.098% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9995 | +0.097% | $25K | — | 150x | as long as short |
| dYdX FIL-USDlong | 0.0000% | 1h | 0.9985 | long leg | $58K | $2K | 10x | |
| Extended FIL-USD | +0.0032% | 1h | 0.9969 | −0.165% | $702K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0033% | 8h | 0.9989 | +0.038% | $57.8M | $178.5M | 75x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.304% | $2K | $240K | 12x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
Extended FIL-USD
Binance FILUSDT
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0069% | 8h | 0.9988 | +0.028% | $247K | $106K | 50x | as long as short |
| Bitget FILUSDT | +0.0077% | 8h | 0.9988 | +0.028% | $10.9M | $21.2M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9974 | −0.113% | $160K | $349K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9991 | +0.062% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9980 | −0.052% | $510K | $566K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9994 | +0.088% | $15.7M | $18.4M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9994 | +0.088% | $8.3M | $16.3M | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9993 | +0.078% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9995 | +0.097% | $450K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9983 | −0.019% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9985 | 0.000% | $297K | $823K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9990 | +0.048% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0001 | +0.153% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9980 | −0.052% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9981 | −0.042% | $495 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0007 | +0.218% | $630K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9980 | −0.052% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0131% | 8h | 0.9977 | −0.082% | $2.7M | $591K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0545% / S −0.0538% | 1h | 0.9994 | +0.089% | $199K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]