Funding you earn now, next payment 03:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.05 per $10,000 · paid last 24h −0.041%
Price spread now: Deribit against Coinbase International+0.060%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$570.567% of the position
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.060%, 7d avg −0.033%
=The price spread pays, funding is against you. Deribit is 0.093% dearer against Coinbase International than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.033%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International FIL-PERP-INTX | 0.9990 | −0.0208 | get 0.0026% / 1h | 14m 36s | $368K | $2.1M | 50x |
| Short | Deribit FIL_USDC-PERPETUAL | 0.9996 | −0.0250 | pay 0.0031% / 1h | 14m 36s | $172K | $23K | 25x |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Coinbase International. 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
- −$8.82
- Price spread: +0.060% → −0.033%
- $9.29
- Slippage, 4 orders
- −$39.7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$56.23
- Costs to cover
- 0.567%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Deribit: live order book, 44 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 Coinbase International live order book, 4 min ago | 6.53 bp | 13.4 bp −$13 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 44 min ago | 3.50 bp | 7.0 bp −$7 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUALshort | −0.0250% | 1h | 0.9996 | +0.060% | $172K | $23K | 25x | |
| Coinbase International FIL-PERP-INTXlong | −0.0208% | 1h | 0.9990 | long leg | $368K | $2.1M | 50x | |
| OKX FIL-USDT-SWAP | −0.0045% | 8h | 0.9997 | +0.070% | $18.5M | $105.0M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0006% | 8h | 0.9994 | +0.040% | $7.3M | $7.6M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9991 | +0.014% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0002 | +0.122% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.351% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 0.9997 | +0.065% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0000 | +0.095% | $155K | $362K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9999 | +0.087% | $8.5M | $9.5M | 5x | as long as short |
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
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 | 0.9998 | +0.079% | $513K | $606K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9998 | +0.080% | $57.5M | $183.4M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9995 | +0.050% | $15.8M | $20.0M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9997 | +0.070% | $8.4M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9992 | +0.020% | $242K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9994 | +0.040% | $11.2M | $20.3M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0001 | +0.110% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9986 | −0.043% | $450K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9975 | −0.146% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9979 | −0.107% | $291K | $984K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9980 | −0.100% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0001 | +0.113% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | 0.000% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9988 | −0.020% | $481 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0002 | +0.120% | $626K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9980 | −0.100% | $1.2M | $2.5M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9999 | +0.093% | $708K | $3.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9986 | −0.040% | $2.7M | $666K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0574% / S −0.0237% | 1h | 0.9993 | +0.031% | $267K | — | 100x | as long as short |
Aster FILUSDT
Binance 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]