Funding you earn now, next payment 23:00 UTC−0.0269%/8h= −29.5% APRnext payment −$0.34 per $10,000 · paid last 24h −0.123%
Price spread now: Deribit against Kraken Futures−0.036%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$600.596% of the position
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 3 days (all we have)+0.008%+$1 · spread now −0.036%, 7d avg +0.018%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 0.054% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FILUSD | 0.9878 | −0.0695 | get 0.0087% / 1h | 28m 39s | $1.3M | $2.3M | 50x |
| Short | Deribit FIL_USDC-PERPETUAL | 0.9874 | −0.0964 | pay 0.0120% / 1h | 28m 39s | $170K | $23K | 25x |
Kraken Futures PF_FILUSD
Deribit FIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$56.49
- Price spread: −0.036% → +0.018%
- −$5.36
- Slippage, 4 orders
- −$42.61
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$121.47
- Costs to cover
- 0.596%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Deribit: live order book, 55 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, 5 min ago | 3.54 bp | 15.8 bp −$16 | 27.0 bp −$270 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 55 min ago | 6.59 bp | 10.1 bp −$10 | doesn't fit | 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-PERPETUALshort | −0.0964% | 1h | 0.9874 | −0.036% | $170K | $23K | 25x | |
| Kraken Futures PF_FILUSDlong | −0.0695% | 1h | 0.9878 | long leg | $1.3M | $2.3M | 50x | |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9880 | +0.025% | $317K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.228% | $2K | $240K | 12x | as long as short |
| Bitget FILUSDT | −0.0012% | 8h | 0.9880 | +0.025% | $11.0M | $21.5M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9873 | −0.048% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9885 | +0.073% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0010% | 8h | 0.9880 | +0.025% | $7.4M | $7.0M | 50x | as long as short |
| Bybit FILUSDT | +0.0014% | 8h | 0.9881 | +0.035% | $15.5M | $18.0M | 25x | as long as short |
| OKX FIL-USDT-SWAP | +0.0031% | 8h | 0.9877 | −0.005% | $18.1M | $97.4M | 50x | as long as short |
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTM
Bybit FILUSDT
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter FIL | +0.0064% | 1h | 0.9878 | +0.009% | $158K | $349K | 5x | as long as short |
| Extended FIL-USD | +0.0072% | 1h | 0.9880 | +0.025% | $689K | $2.3M | 10x | as long as short |
| MEXC FIL_USDC | +0.0074% | 8h | 0.9875 | −0.026% | $251K | $104K | 50x | as long as short |
| Binance FILUSDT | +0.0076% | 8h | 0.9881 | +0.032% | $56.7M | $175.3M | 75x | as long as short |
| BingX FIL-USDT | +0.0077% | 8h | 0.9880 | +0.025% | — | $11.9M | — | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9884 | +0.068% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9887 | +0.091% | $496K | $525K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9883 | +0.055% | $7.8M | $16.2M | 50x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9864 | −0.134% | $439K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9883 | +0.055% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9852 | −0.261% | $286K | $803K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9890 | +0.126% | $30K | $198K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9877 | −0.002% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9860 | −0.177% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9870 | −0.076% | $490 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9871 | −0.066% | $626K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9870 | −0.076% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0195% | 8h | 0.9877 | −0.005% | $2.7M | $656K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0598% / S −0.0709% | 1h | 0.9872 | −0.051% | $206K | — | 100x | as long as short |
Lighter FIL
Extended FIL-USD
MEXC FIL_USDC
Binance FILUSDT
BingX FIL-USDT
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
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]