Funding you earn now, next payment 22:00 UTC−0.0476%/8h= −52.1% APRnext payment −$0.59 per $10,000 · paid last 24h −0.129%
Price spread now: Coinbase International against ApeX Omni+0.548%75s7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as 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−$770.768% of the position
Funding, last 7 days−0.324%−$32 on $10k
+Price spread, last 3 days (all we have)−0.385%−$39 · spread now +0.548%, 7d avg +0.089%
=The price spread pays, funding is against you. Coinbase International is 0.459% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.548% now, against its 7-day average of +0.089%): +$46 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.324% in total) that is about 9.9 days. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.324% in total (about -16.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni FILUSDT | 0.9850 | 0.0100 | pay 0.0013% / 1h | 45m 56s | $30K | $198K | 50x |
| Short | Coinbase International FIL-PERP-INTX | 0.9904 | −0.0376 | pay 0.0047% / 1h | 45m 56s | $317K | $1.9M | 50x |
ApeX Omni FILUSDT
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against ApeX Omni. 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
- −$99.96
- Price spread: +0.548% → +0.089%
- $45.9
- Slippage, 4 orders
- −$56.82
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$130.88
- Costs to cover
- 0.768%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 35 min ago; Coinbase International: live order book, 3 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 ApeX Omni live order book, 35 min ago | 15.25 bp | 25.1 bp −$25 | 113.8 bp −$1,138 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 7.09 bp | 13.0 bp −$13 | 17.4 bp −$174 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_FILUSD | −0.0694% | 1h | 0.9898 | +0.490% | $1.4M | $2.3M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0658% | 1h | 0.9904 | +0.548% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTXshort | −0.0376% | 1h | 0.9904 | +0.548% | $317K | $1.9M | 50x | |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | +0.051% | $2K | $240K | 12x | as long as short |
| Lighter FIL | −0.0088% | 1h | 0.9892 | +0.428% | $159K | $347K | 5x | as long as short |
| Bitget FILUSDT | −0.0022% | 8h | 0.9890 | +0.406% | $10.9M | $21.4M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9895 | +0.461% | $25K | — | 150x | as long as short |
| Bybit FILUSDT | −0.0004% | 8h | 0.9896 | +0.467% | $15.6M | $17.9M | 25x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9887 | +0.376% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0024% | 8h | 0.9894 | +0.447% | $7.4M | $7.0M | 50x | as long as short |
Kraken Futures PF_FILUSD
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
Lighter FIL
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
Bybit FILUSDT
dYdX FIL-USD
KuCoin FILUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0030% | 8h | 0.9895 | +0.457% | $18.3M | $97.0M | 50x | as long as short |
| Variational Omni FIL | +0.0074% | 8h | 0.9831 | −0.196% | $438K | $277K | — | as long as short |
| MEXC FIL_USDC | +0.0075% | 8h | 0.9888 | +0.386% | $251K | $103K | 50x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9890 | +0.405% | $689K | $2.3M | 10x | as long as short |
| Binance FILUSDT | +0.0081% | 8h | 0.9894 | +0.447% | $56.9M | $174.6M | 75x | as long as short |
| BingX FIL-USDC | +0.0086% | 8h | 0.9894 | +0.447% | — | $6.5M | — | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9896 | +0.470% | $8.7M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9898 | +0.492% | $490K | $515K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9894 | +0.447% | $7.8M | $16.1M | 50x | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9834 | −0.160% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9844 | −0.066% | $294K | $814K | 10x | as long as short |
| ApeX Omni FILUSDTlong | +0.0100% | 1h | 0.9850 | long leg | $30K | $198K | 50x | |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9904 | +0.552% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | +0.305% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9897 | +0.477% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9900 | +0.508% | $627K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9890 | +0.406% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0201% | 8h | 0.9881 | +0.315% | $2.6M | $650K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0617% / S −0.0742% | 1h | 0.9896 | +0.468% | $214K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
Variational Omni FIL
MEXC FIL_USDC
Extended FIL-USD
Binance FILUSDT
BingX FIL-USDC
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
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]