Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.047%
Price spread now: Injective against Binance−0.765%87s7-day average +1.914% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.650%−$65 · spread now −0.765%, 7d avg +1.914%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.679% cheaper against Binance than usual: you would sell low and buy high (−$268 if the spread goes back to its 7-day average of +1.914%). Swap the legs. The two prices were read 87 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 | Binance FILUSDT | 0.9931 | 0.0100 | pay 0.0100% / 8h | 3h 23m | $57.1M | $185.1M | 75x |
| Short | Injective FIL/USDC PERP | 0.9855 | 0.0033 | get 0.0004% / 1h | 23m 50s | $2K | $240K | 12x |
Binance FILUSDT
Injective FIL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- Price spread: −0.765% → +1.914%
- −$267.9
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$291.92
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: 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 Binance live order book, 5 min ago | 0.50 bp | 8.5 bp −$8 | 14.1 bp −$141 | 51.9 bp −$5,192 | 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 | −0.0855% | 1h | 0.9945 | +0.141% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9995 | +0.644% | $365K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9952 | +0.215% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9968 | +0.373% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0002% | 8h | 0.9935 | +0.040% | $18.4M | $105.9M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0022% | 8h | 0.9933 | +0.020% | $7.3M | $7.7M | 50x | as long as short |
| Injective FIL/USDC PERPshort | +0.0033% | 1h | 0.9855 | −0.765% | $2K | $240K | 12x | |
| Kraken Futures PF_FILUSD | +0.0067% | 1h | 0.9943 | +0.125% | $1.4M | $2.2M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9938 | +0.070% | $153K | $365K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9939 | +0.076% | $8.4M | $9.4M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Kraken Futures PF_FILUSD
Lighter FIL
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 0.9933 | +0.025% | $507K | $613K | 20x | as long as short |
| Binance FILUSDTlong | +0.0100% | 8h | 0.9931 | long leg | $57.1M | $185.1M | 75x | |
| Bybit FILUSDT | +0.0100% | 8h | 0.9933 | +0.020% | $15.8M | $20.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9933 | +0.020% | $8.4M | $16.8M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9926 | −0.050% | $239K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9936 | +0.050% | $11.4M | $20.4M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9934 | +0.030% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9956 | +0.248% | $450K | $266K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9967 | +0.364% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9987 | +0.567% | $290K | $1.1M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9960 | +0.292% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9955 | +0.243% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9940 | +0.091% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9939 | +0.081% | $474 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9945 | +0.141% | $619K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9940 | +0.091% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9930 | −0.015% | $700K | $2.8M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9950 | +0.191% | $2.7M | $713K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0582% / S −0.0251% | 1h | 0.9951 | +0.201% | $266K | — | 100x | as long as short |
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
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
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]