Funding you earn now, next payment 02:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h +0.006%
Price spread now: Kraken Futures against OKX−0.062%7-day average +0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 3 days (all we have)+0.147%+$15 · spread now −0.062%, 7d avg +0.082%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.144% cheaper against OKX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.082%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX FIL-USDT-SWAP | 1.0036 | −0.0055 | get 0.0055% / 8h | 6h 19m | $18.8M | $100.3M | 50x |
| Short | Kraken Futures PF_FILUSD | 1.0030 | −0.0191 | pay 0.0024% / 1h | 19m 52s | $1.4M | $2.4M | 50x |
OKX FIL-USDT-SWAP
Kraken Futures PF_FILUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$28.56
- Price spread: −0.062% → +0.082%
- −$14.4
- Slippage, 4 orders
- −$37.4
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$100.37
- Costs to cover
- 0.574%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Kraken Futures: live order book, 4 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 OKX live order book, 4 min ago | 0.50 bp | 11.3 bp −$11 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 4.99 bp | 15.3 bp −$15 | 36.8 bp −$368 | doesn't fit | doesn't fit |
FIL on 28 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 | −0.0547% | 1h | 1.0028 | −0.080% | $173K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0296% | 1h | 1.0024 | −0.120% | $380K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSDshort | −0.0191% | 1h | 1.0030 | −0.062% | $1.4M | $2.4M | 50x | |
| OKX FIL-USDT-SWAPlong | −0.0055% | 8h | 1.0036 | long leg | $18.8M | $100.3M | 50x | |
| KuCoin FILUSDTM | −0.0037% | 8h | 1.0036 | 0.000% | $7.5M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0031 | −0.047% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0025 | −0.113% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.804% | $2K | $240K | 12x | as long as short |
| Binance FILUSDT | +0.0040% | 8h | 1.0036 | +0.003% | $58.0M | $180.0M | 75x | as long as short |
| Extended FIL-USD | +0.0040% | 1h | 1.0033 | −0.027% | $706K | $3.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Binance FILUSDT
Extended FIL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0080% | 8h | 1.0032 | −0.040% | $246K | $105K | 50x | as long as short |
| Gate FIL_USDT | +0.0081% | 8h | 1.0037 | +0.010% | $8.5M | $16.4M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0038 | +0.021% | $161K | $352K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0040 | +0.040% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0037 | +0.006% | $513K | $582K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0036 | 0.000% | $15.9M | $19.1M | 25x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0035 | −0.010% | $11.1M | $21.3M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 1.0036 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0039 | +0.026% | $452K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0022 | −0.141% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0020 | −0.163% | $292K | $872K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0020 | −0.159% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0036 | −0.003% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0020 | −0.159% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0022 | −0.139% | $489 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0026 | −0.100% | $650K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0020 | −0.159% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0237% | 1h | 1.0030 | −0.058% | $268K | — | 100x | as long as short |
MEXC FIL_USDC
Gate FIL_USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
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
GMX FIL/USD [WBTC.b-USDC]