Funding you earn now, next payment 23:00 UTC−0.0392%/8h= −42.9% APRnext payment −$0.49 per $10,000 · paid last 24h −0.110%
Price spread now: Coinbase International against Extended+0.077%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$430.429% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 3 days (all we have)−0.012%−$1 · spread now +0.077%, 7d avg +0.128%
=Together, before fees−0.200%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Coinbase International is 0.051% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.128%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.188% in total (about -9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.49 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 | Extended FIL-USD | 0.9845 | 0.0040 | pay 0.0005% / 1h | 3m 55s | $689K | $2.3M | 10x |
| Short | Coinbase International FIL-PERP-INTX | 0.9853 | −0.0352 | pay 0.0044% / 1h | 3m 55s | $317K | $1.8M | 50x |
Extended FIL-USD
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- −$82.32
- Price spread: +0.077% → +0.128%
- −$5.08
- Slippage, 4 orders
- −$27.91
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$130.31
- Costs to cover
- 0.429%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Coinbase International: live order book, 5 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 Extended live order book, 5 min ago | 1.52 bp | 7.4 bp −$7 | 78.0 bp −$780 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 5.59 bp | 14.6 bp −$15 | 17.6 bp −$176 | 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-PERPETUAL | −0.0764% | 1h | 0.9853 | +0.077% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0395% | 1h | 0.9852 | +0.065% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTXshort | −0.0352% | 1h | 0.9853 | +0.077% | $317K | $1.8M | 50x | |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | +0.097% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | −0.0035% | 8h | 0.9854 | +0.087% | $7.4M | $7.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0014% | 8h | 0.9846 | +0.006% | $18.1M | $98.8M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9850 | +0.049% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9840 | −0.057% | $57K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0037% | 8h | 0.9847 | +0.012% | $57.1M | $179.5M | 75x | as long as short |
| Extended FIL-USDlong | +0.0040% | 1h | 0.9845 | long leg | $689K | $2.3M | 10x |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Injective FIL/USDC PERP
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FILUSDT | +0.0042% | 8h | 0.9846 | +0.006% | $10.8M | $21.6M | 75x | as long as short |
| BingX FIL-USDT | +0.0047% | 8h | 0.9848 | +0.026% | — | $11.9M | — | as long as short |
| Bybit FILUSDT | +0.0048% | 8h | 0.9850 | +0.046% | $15.4M | $18.4M | 25x | as long as short |
| MEXC FIL_USDC | +0.0050% | 8h | 0.9844 | −0.015% | $247K | $106K | 50x | as long as short |
| Gate FIL_USDT | +0.0069% | 8h | 0.9850 | +0.046% | $8.2M | $16.5M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9841 | −0.044% | $158K | $348K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9849 | +0.031% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9849 | +0.034% | $493K | $546K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9831 | −0.145% | $439K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9836 | −0.093% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9850 | +0.050% | $294K | $805K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9840 | −0.055% | $30K | $196K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9854 | +0.085% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9840 | −0.055% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9845 | −0.004% | $480 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9851 | +0.057% | $625K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9850 | +0.046% | $1.1M | $2.4M | 50x | as long as short |
| BloFin FIL-USDT | +0.0148% | 8h | 0.9836 | −0.096% | $2.7M | $567K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0537% / S −0.0538% | 1h | 0.9851 | +0.059% | $196K | — | 100x | as long as short |
Bitget FILUSDT
BingX FIL-USDT
Bybit FILUSDT
MEXC FIL_USDC
Gate FIL_USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
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]