Funding you earn now, next payment 06:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.167%
Price spread now: Deribit against KuCoin+0.391%53s7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$630.630% of the position
Funding, last 7 days−0.280%−$28 on $10k
+Price spread, last 4 days (all we have)−0.342%−$34 · spread now +0.391%, 7d avg +0.046%
=The price spread pays, funding is against you. Deribit is 0.346% dearer against KuCoin than usual: you sell high and buy low (spread +0.391% now, against its 7-day average of +0.046%): +$35 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 5.4 days. The two prices were read 53 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 | KuCoin FILUSDTM | 0.9972 | 0.0063 | pay 0.0063% / 8h | 2h 12m | $7.3M | $7.9M | 50x |
| Short | Deribit FIL_USDC-PERPETUAL | 1.0011 | −0.0149 | pay 0.0019% / 1h | 12m 21s | $172K | $23K | 25x |
KuCoin FILUSDTM
Deribit FIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against KuCoin. 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
- −$44.52
- Price spread: +0.391% → +0.046%
- $34.56
- Slippage, 4 orders
- −$43.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$72.94
- Costs to cover
- 0.630%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Deribit: live order book, 36 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 KuCoin live order book, 1 min ago | 4.00 bp | 18.5 bp −$19 | 44.6 bp −$446 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 36 min ago | 11.06 bp | 14.6 bp −$15 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9982 | +0.100% | $341K | $2.2M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUALshort | −0.0149% | 1h | 1.0011 | +0.391% | $172K | $23K | 25x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9974 | +0.025% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9982 | +0.096% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.173% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAP | +0.0048% | 8h | 0.9978 | +0.060% | $18.1M | $109.8M | 50x | as long as short |
| KuCoin FILUSDTMlong | +0.0063% | 8h | 0.9972 | long leg | $7.3M | $7.9M | 50x | |
| Lighter FIL | +0.0096% | 1h | 0.9974 | +0.017% | $149K | $379K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9974 | +0.023% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9975 | +0.025% | $509K | $613K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
OKX FIL-USDT-SWAP
Lighter FIL
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9974 | +0.023% | $56.5M | $187.5M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9976 | +0.040% | $15.7M | $20.6M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9970 | −0.020% | $8.4M | $16.9M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9967 | −0.050% | $235K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9974 | +0.020% | $11.4M | $20.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9973 | +0.010% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9941 | −0.312% | $450K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9945 | −0.267% | $45K | $298K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9961 | −0.109% | $289K | $1.2M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9950 | −0.221% | $29K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9985 | +0.131% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0000 | +0.281% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0005 | +0.331% | $490 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0022 | +0.501% | $623K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0000 | +0.281% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9971 | −0.006% | $704K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 1.0009 | +0.371% | $2.7M | $698K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0248% | 1h | 1.0011 | +0.394% | $1.4M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0603% / S −0.0280% | 1h | 0.9973 | +0.008% | $267K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
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]