Funding you earn now, next payment 04:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.017%
Price spread now: Binance against Kraken Futures−0.148%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$540.535% of the position
Funding, last 7 days+0.117%+$12 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.148%, 7d avg −0.041%
=Funding pays, the price is against you. Binance is 0.106% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.148% now, against its 7-day average of −0.041%). If the spread goes back, that is −$11 on $10k: about 10 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FILUSD | 0.9929 | 0.0044 | pay 0.0005% / 1h | 46m 28s | $1.4M | $2.3M | 50x |
| Short | Binance FILUSDT | 0.9914 | 0.0078 | get 0.0078% / 8h | 4h 46m | $57.5M | $182.3M | 75x |
Kraken Futures PF_FILUSD
Binance FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- $7.28
- Price spread: −0.148% → −0.041%
- −$10.63
- Slippage, 4 orders
- −$33.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$56.86
- Costs to cover
- 0.535%
- Break-even
- 61.7 days
Slippage from Kraken Futures: live order book, 2 min ago; Binance: live order book, 12 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 Kraken Futures live order book, 2 min ago | 4.02 bp | 19.2 bp −$19 | 37.4 bp −$374 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.50 bp | 7.2 bp −$7 | 15.1 bp −$151 | 45.7 bp −$4,570 | 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 | −0.0656% | 1h | 0.9925 | −0.037% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 0.9912 | −0.168% | $375K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0064% | 8h | 0.9915 | −0.138% | $18.6M | $103.2M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0020% | 8h | 0.9919 | −0.097% | $7.4M | $7.4M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9927 | −0.017% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9925 | −0.035% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.742% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSDlong | +0.0044% | 1h | 0.9929 | long leg | $1.4M | $2.3M | 50x | |
| Binance FILUSDTshort | +0.0078% | 8h | 0.9914 | −0.148% | $57.5M | $182.3M | 75x | |
| Extended FIL-USD | +0.0080% | 1h | 0.9915 | −0.133% | $704K | $3.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0082% | 8h | 0.9924 | −0.047% | $241K | $103K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9917 | −0.120% | $154K | $360K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9911 | −0.177% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9920 | −0.085% | $511K | $597K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9915 | −0.138% | $15.6M | $19.9M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9914 | −0.148% | $8.4M | $16.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9919 | −0.097% | $11.1M | $20.4M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9917 | −0.118% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9967 | +0.384% | $449K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9939 | +0.100% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9939 | +0.106% | $296K | $948K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9950 | +0.215% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9930 | +0.018% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9940 | +0.114% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9922 | −0.067% | $470 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9927 | −0.017% | $620K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9920 | −0.087% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0197% | 8h | 0.9920 | −0.087% | $2.7M | $644K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0571% / S −0.0237% | 1h | 0.9931 | +0.020% | $265K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]