Funding you earn now, next payment 11:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.179%
Price spread now: Deribit against Injective−0.101%63s7-day average −1.712% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.421%−$42 on $10k
+Price spread, last 4 days (all we have)+1.432%+$143 · spread now −0.101%, 7d avg −1.712%
=The price spread pays, funding is against you. Deribit is 1.611% dearer against Injective than usual: you sell high and buy low (spread −0.101% now, against its 7-day average of −1.712%): +$161 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5 months. At the pace of the last 7 days (−0.421% in total) that is about 27 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective FIL/USDC PERP | 0.9855 | 0.0033 | pay 0.0004% / 1h | 58m 08s | $2K | $240K | 12x |
| Short | Deribit FIL_USDC-PERPETUAL | 0.9845 | 0 | get 0.0000% / 1h | 58m 08s | $168K | $5K | 25x |
Injective FIL/USDC PERP
Deribit FIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$7
- Price spread: −0.101% → −1.712%
- $161.05
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $147.03
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Deribit: live order book, 53 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 Deribit live order book, 53 min ago | 6.65 bp | 10.2 bp −$10 | 21.9 bp −$219 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0200% | 1h | 0.9844 | −0.112% | $358K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9843 | −0.123% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9857 | +0.023% | $57K | $923 | 10x | as long as short |
| Deribit FIL_USDC-PERPETUALshort | 0.0000% | 1h | 0.9845 | −0.101% | $168K | $5K | 25x | |
| Injective FIL/USDC PERPlong | +0.0033% | 1h | 0.9855 | long leg | $2K | $240K | 12x | |
| Bybit FILUSDT | +0.0082% | 8h | 0.9839 | −0.162% | $15.2M | $18.2M | 25x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9841 | −0.142% | $144K | $249K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9847 | −0.084% | $7.9M | $3.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9843 | −0.120% | $502K | $422K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9842 | −0.135% | $57.0M | $159.9M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Bybit FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Binance FILUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9840 | −0.152% | $17.2M | $94.2M | 50x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9845 | −0.101% | $8.2M | $14.1M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9839 | −0.162% | $226K | $89K | 50x | as long as short |
| KuCoin FILUSDTM | +0.0100% | 8h | 0.9840 | −0.152% | $7.1M | $7.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9838 | −0.173% | $11.4M | $17.6M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9842 | −0.132% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9839 | −0.160% | $436K | $261K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9841 | −0.143% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9834 | −0.211% | $290K | $1.7M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9840 | −0.152% | $23K | $180K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9853 | −0.022% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9840 | −0.152% | $3K | $1.0M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9841 | −0.142% | $474 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9850 | −0.051% | $628K | $4.9M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9830 | −0.254% | $1.3M | $2.4M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9840 | −0.154% | $697K | $4.2M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9851 | −0.041% | $2.7M | $613K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0288% | 1h | 0.9847 | −0.085% | $1.3M | $2.1M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0595% / S −0.0280% | 1h | 0.9851 | −0.042% | $263K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
Gate FIL_USDT
MEXC FIL_USDC
KuCoin FILUSDTM
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
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]