Funding you earn now, next payment 23:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.13 per $10,000 · paid last 24h −0.158%
Price spread now: Coinbase International against Injective+0.355%7-day average −2.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.271%−$27 on $10k
+Price spread, last 3 days (all we have)+1.170%+$117 · spread now +0.355%, 7d avg −2.050%
=The price spread pays, funding is against you. Coinbase International is 2.405% dearer against Injective than usual: you sell high and buy low (spread +0.355% now, against its 7-day average of −2.050%): +$241 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective FIL/USDC PERP | 0.9855 | −0.0245 | get 0.0031% / 1h | 55m 24s | $2K | $240K | 12x |
| Short | Coinbase International FIL-PERP-INTX | 0.9890 | −0.0352 | pay 0.0044% / 1h | 55m 24s | $319K | $1.9M | 50x |
Injective FIL/USDC PERP
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. 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
- −$22.48
- Price spread: +0.355% → −2.050%
- $240.51
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $208.01
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 3 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 Injective no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 3 min ago | 6.55 bp | 13.6 bp −$14 | 16.9 bp −$169 | doesn't fit | doesn't fit |
Injective: 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 | −0.1264% | 1h | 0.9893 | +0.386% | $170K | $23K | 25x | as long as short |
| ApeX Omni FILUSDT | −0.0508% | 1h | 0.9900 | +0.457% | $30K | $197K | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0393% | 1h | 0.9893 | +0.381% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTXshort | −0.0352% | 1h | 0.9890 | +0.355% | $319K | $1.9M | 50x | |
| Injective FIL/USDC PERPlong | −0.0245% | 1h | 0.9855 | long leg | $2K | $240K | 12x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9890 | +0.353% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9883 | +0.282% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0005% | 8h | 0.9892 | +0.375% | $7.4M | $7.1M | 50x | as long as short |
| Bitget FILUSDT | +0.0019% | 8h | 0.9888 | +0.335% | $11.0M | $21.6M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0032% | 8h | 0.9885 | +0.304% | $18.1M | $98.6M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
ApeX Omni FILUSDT
Kraken Futures PF_FILUSD
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTM
Bitget FILUSDT
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit FILUSDT | +0.0043% | 8h | 0.9888 | +0.335% | $15.4M | $18.2M | 25x | as long as short |
| MEXC FIL_USDC | +0.0065% | 8h | 0.9887 | +0.325% | $251K | $103K | 50x | as long as short |
| Binance FILUSDT | +0.0069% | 8h | 0.9884 | +0.295% | $57.2M | $177.6M | 75x | as long as short |
| Extended FIL-USD | +0.0072% | 1h | 0.9883 | +0.284% | $692K | $2.3M | 10x | as long as short |
| BingX FIL-USDT | +0.0075% | 8h | 0.9886 | +0.315% | — | $11.9M | — | as long as short |
| Hyperliquid FIL | +0.0096% | 1h | 0.9890 | +0.351% | $8.6M | $9.5M | 5x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9881 | +0.269% | $158K | $347K | 5x | as long as short |
| Gate FIL_USDT | +0.0099% | 8h | 0.9884 | +0.294% | $7.9M | $16.1M | 50x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9897 | +0.424% | $498K | $527K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9896 | +0.418% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9893 | +0.390% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9887 | +0.320% | $287K | $790K | 10x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9894 | +0.393% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | +0.254% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9885 | +0.304% | $491 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9895 | +0.406% | $627K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9890 | +0.355% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0189% | 8h | 0.9884 | +0.294% | $2.7M | $606K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0572% / S −0.0666% | 1h | 0.9889 | +0.345% | $196K | — | 100x | as long as short |
Bybit FILUSDT
MEXC FIL_USDC
Binance FILUSDT
Extended FIL-USD
BingX FIL-USDT
Hyperliquid FIL
Lighter FIL
Gate FIL_USDT
Aster FILUSDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
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]