Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.4% APRpaid last 24h +0.055%
Price spread now: Injective against KuCoin−1.351%70s7-day average +2.068% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 3 days (all we have)−0.745%−$74 · spread now −1.351%, 7d avg +2.068%
=Funding pays, the price is against you. Injective is 3.419% cheaper against KuCoin than usual: you would sell low and buy high (spread −1.351% now, against its 7-day average of +2.068%). If the spread goes back, that is −$342 on $10k: about 6 months of funding at the current rate (+$2 a day). The two prices were read 70 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 | 0.9990 | −0.0034 | get 0.0034% / 8h | 7h 08m | $7.4M | $7.1M | 50x |
| Short | Injective FIL/USDC PERP | 0.9855 | 0.0033 | get 0.0004% / 1h | 8m 05s | $2K | $240K | 12x |
KuCoin FILUSDTM
Injective FIL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $14.14
- Price spread: −1.351% → +2.068%
- −$341.91
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$339.79
- Costs to cover
- 0.120%
- Break-even
- 175.2 days
Slippage unknown: KuCoin: live order book, 5 min ago; Injective: no order-book sample. 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 KuCoin live order book, 5 min ago | 2.50 bp | 16.9 bp −$17 | 43.9 bp −$439 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −0.0450% | 1h | 0.9996 | +0.060% | $172K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9990 | 0.000% | $342K | $1.9M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0328% | 1h | 0.9997 | +0.067% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0037% | 8h | 0.9985 | −0.050% | $18.4M | $98.3M | 50x | as long as short |
| KuCoin FILUSDTMlong | −0.0034% | 8h | 0.9990 | long leg | $7.4M | $7.1M | 50x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9993 | +0.029% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9971 | −0.188% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9986 | −0.040% | $698K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0033% | 8h | 0.9987 | −0.030% | $57.8M | $178.9M | 75x | as long as short |
| Injective FIL/USDC PERPshort | +0.0033% | 1h | 0.9855 | −1.351% | $2K | $240K | 12x |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0069% | 8h | 0.9989 | −0.010% | $247K | $106K | 50x | as long as short |
| Bitget FILUSDT | +0.0080% | 8h | 0.9981 | −0.090% | $11.0M | $21.5M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9986 | −0.042% | $160K | $349K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9987 | −0.035% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0002 | +0.123% | $511K | $574K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9990 | 0.000% | $15.7M | $18.4M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9994 | +0.040% | $8.3M | $16.4M | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9986 | −0.040% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9995 | +0.049% | $450K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9983 | −0.066% | $46K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9985 | −0.048% | $297K | $823K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9990 | 0.000% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9995 | +0.050% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9960 | −0.300% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9990 | 0.000% | $499 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0001 | +0.110% | $632K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9990 | 0.000% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0132% | 8h | 0.9972 | −0.180% | $2.7M | $594K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0545% / S −0.0538% | 1h | 0.9992 | +0.020% | $198K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
BingX 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]