Funding you earn now, next payment 02:00 UTC−0.0449%/8h= −49.2% APRpaid last 24h −0.179%
Price spread now: Deribit against SunX+0.020%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$258as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$2132.129% of the position
Funding, last 7 days−0.453%−$45 on $10k
+Price spread, last 3 days (all we have)+0.014%+$1 · spread now +0.020%, 7d avg +0.051%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Deribit is 0.031% cheaper against SunX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.051%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX FIL-USDT | 1.0010 | 0.0100 | pay 0.0100% / 8h | 6h 28m | $2K | $1.1M | 20x |
| Short | Deribit FIL_USDC-PERPETUAL | 1.0012 | −0.0349 | pay 0.0044% / 1h | 28m 51s | $172K | $23K | 25x |
SunX FIL-USDT
Deribit FIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against SunX. 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
- −$94.29
- Price spread: +0.020% → +0.051%
- −$3.11
- Slippage, 4 orders
- −$197.93
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$310.34
- Costs to cover
- 2.129%
- Break-even
- never at this rate
Slippage from SunX: live order book, 4 min ago; Deribit: live order book, 40 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 SunX live order book, 4 min ago | 25.01 bp | 63.2 bp −$63 | 94.3 bp −$943 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 40 min ago | 4.00 bp | 7.5 bp −$8 | 15.8 bp −$158 | 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-PERPETUALshort | −0.0349% | 1h | 1.0012 | +0.020% | $172K | $23K | 25x | |
| Coinbase International FIL-PERP-INTX | −0.0296% | 1h | 0.9999 | −0.110% | $367K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0191% | 1h | 1.0008 | −0.023% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0056% | 8h | 1.0010 | 0.000% | $18.5M | $99.7M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0037% | 8h | 1.0016 | +0.060% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0007 | −0.035% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0022 | +0.121% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 1.0012 | +0.023% | $702K | $3.3M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.548% | $2K | $240K | 12x | as long as short |
| Binance FILUSDT | +0.0035% | 8h | 1.0014 | +0.036% | $57.9M | $180.9M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Injective FIL/USDC PERP
Binance FILUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0076% | 8h | 1.0008 | −0.020% | $245K | $104K | 50x | as long as short |
| Gate FIL_USDT | +0.0089% | 8h | 1.0018 | +0.080% | $8.4M | $16.2M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0003 | −0.070% | $160K | $352K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0013 | +0.030% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0020 | +0.101% | $512K | $605K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0015 | +0.050% | $15.9M | $19.0M | 25x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0014 | +0.040% | $11.0M | $21.8M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 1.0016 | +0.060% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0007 | −0.030% | $451K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0001 | −0.089% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9985 | −0.246% | $294K | $865K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0000 | −0.100% | $30K | $189K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0015 | +0.047% | $5K | — | 10x | as long as short |
| SunX FIL-USDTlong | +0.0100% | 8h | 1.0010 | long leg | $2K | $1.1M | 20x | |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9999 | −0.110% | $497 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0009 | −0.010% | $649K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0000 | −0.100% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0574% / S −0.0237% | 1h | 1.0008 | −0.018% | $267K | — | 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
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
GMX FIL/USD [WBTC.b-USDC]