Funding you earn now, next payment 03:00 UTC+0.0150%/8h= +16.4% APRpaid last 24h +0.159%
Price spread now: Gate against Deribit−0.320%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$1901.897% of the position
Funding, last 7 days+0.306%+$31 on $10k
+Price spread, last 3 days (all we have)+0.231%+$23 · spread now −0.320%, 7d avg −0.056%
=Funding pays, the price is against you. Gate is 0.264% cheaper against Deribit than usual: you would sell low and buy high (spread −0.320% now, against its 7-day average of −0.056%). If the spread goes back, that is −$26 on $10k: about 5.9 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit FIL_USDC-PERPETUAL | 0.9996 | −0.0050 | get 0.0006% / 1h | 57m 39s | $172K | $23K | 25x |
| Short | Gate FIL_USDT | 0.9964 | 0.0100 | get 0.0100% / 8h | 5h 57m | $8.4M | $16.2M | 50x |
Deribit FIL_USDC-PERPETUAL
Gate FIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Deribit. 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
- $31.5
- Price spread: −0.320% → −0.056%
- −$26.38
- Slippage, 4 orders
- −$167.71
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$184.59
- Costs to cover
- 1.897%
- Break-even
- 48.0 days
Slippage from Deribit: live order book, 6 min ago; Gate: live order book, 1 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 Deribit live order book, 6 min ago | 75.24 bp | 78.7 bp −$79 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 1.00 bp | 15.3 bp −$15 | 26.5 bp −$265 | 53.7 bp −$5,370 | 85.9 bp −$42.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0256% | 1h | 0.9997 | +0.010% | $380K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0127% | 1h | 0.9996 | +0.004% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0057% | 8h | 0.9968 | −0.280% | $18.8M | $98.2M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUALlong | −0.0050% | 1h | 0.9996 | long leg | $172K | $23K | 25x | |
| KuCoin FILUSDTM | −0.0038% | 8h | 0.9967 | −0.290% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9992 | −0.043% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9975 | −0.215% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.411% | $2K | $240K | 12x | as long as short |
| Extended FIL-USD | +0.0048% | 1h | 0.9959 | −0.374% | $702K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0048% | 8h | 0.9967 | −0.290% | $57.6M | $177.7M | 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
Injective FIL/USDC PERP
Extended FIL-USD
Binance FILUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0085% | 8h | 0.9964 | −0.320% | $243K | $102K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9969 | −0.273% | $159K | $352K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9974 | −0.221% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9969 | −0.273% | $510K | $582K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9969 | −0.270% | $15.6M | $19.0M | 25x | as long as short |
| Gate FIL_USDTshort | +0.0100% | 8h | 0.9964 | −0.320% | $8.4M | $16.2M | 50x | |
| Bitget FILUSDT | +0.0100% | 8h | 0.9966 | −0.300% | $11.0M | $20.2M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9970 | −0.260% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9994 | −0.022% | $450K | $266K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9988 | −0.079% | $46K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9961 | −0.354% | $291K | $875K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9990 | −0.060% | $30K | $184K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9999 | +0.031% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.060% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9989 | −0.070% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9993 | −0.030% | $639K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9980 | −0.160% | $1.1M | $2.4M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0574% / S −0.0237% | 1h | 0.9990 | −0.061% | $267K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
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
GMX FIL/USD [WBTC.b-USDC]