Funding you earn now, next payment 00:00 UTC+0.0469%/8h= +51.4% APRnext payment +$0.59 per $10,000 · paid last 24h +0.121%
Price spread now: Kraken Futures against Deribit−0.031%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$530.531% of the position
Funding, last 7 days+0.215%+$22 on $10k
+Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.031%, 7d avg −0.017%
=The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.215% in total (about 11.2% 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 | Deribit FIL_USDC-PERPETUAL | 0.9866 | −0.0864 | get 0.0108% / 1h | 38m 43s | $170K | $23K | 25x |
| Short | Kraken Futures PF_FILUSD | 0.9863 | −0.0395 | pay 0.0049% / 1h | 38m 43s | $1.3M | $2.4M | 50x |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $98.59
- Price spread: −0.031% → −0.017%
- −$1.34
- Slippage, 4 orders
- −$36.11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $44.14
- Costs to cover
- 0.531%
- Break-even
- 3.9 days
Slippage from Deribit: live order book, 40 min ago; Kraken Futures: live order book, 5 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, 40 min ago | 3.03 bp | 19.7 bp −$20 | 28.6 bp −$286 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 1.52 bp | 13.3 bp −$13 | 29.7 bp −$297 | 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-PERPETUALlong | −0.0864% | 1h | 0.9866 | long leg | $170K | $23K | 25x | |
| Kraken Futures PF_FILUSDshort | −0.0395% | 1h | 0.9863 | −0.031% | $1.3M | $2.4M | 50x | |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9870 | +0.041% | $316K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | −0.111% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | −0.0012% | 8h | 0.9855 | −0.111% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9860 | −0.058% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9862 | −0.042% | $57K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0018% | 8h | 0.9856 | −0.101% | $18.1M | $98.4M | 50x | as long as short |
| Bitget FILUSDT | +0.0030% | 8h | 0.9856 | −0.101% | $10.9M | $21.6M | 75x | as long as short |
| Bybit FILUSDT | +0.0046% | 8h | 0.9857 | −0.091% | $15.4M | $18.3M | 25x | as long as short |
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Bitget FILUSDT
Bybit FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0053% | 8h | 0.9856 | −0.101% | $57.2M | $178.4M | 75x | as long as short |
| Extended FIL-USD | +0.0056% | 1h | 0.9855 | −0.110% | $689K | $2.3M | 10x | as long as short |
| MEXC FIL_USDC | +0.0057% | 8h | 0.9851 | −0.152% | $250K | $104K | 50x | as long as short |
| BingX FIL-USDC | +0.0061% | 8h | 0.9856 | −0.101% | — | $6.5M | — | as long as short |
| Lighter FIL | +0.0080% | 1h | 0.9852 | −0.141% | $158K | $347K | 5x | as long as short |
| Gate FIL_USDT | +0.0086% | 8h | 0.9856 | −0.101% | $7.9M | $16.2M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9859 | −0.072% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9865 | −0.008% | $497K | $529K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9868 | +0.023% | $439K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9864 | −0.024% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9868 | +0.021% | $294K | $818K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9880 | +0.142% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9866 | +0.001% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9850 | −0.162% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9858 | −0.081% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9865 | −0.010% | $629K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9860 | −0.061% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0174% | 8h | 0.9861 | −0.051% | $2.7M | $566K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0571% / S −0.0666% | 1h | 0.9860 | −0.059% | $196K | — | 100x | as long as short |
Binance FILUSDT
Extended FIL-USD
MEXC FIL_USDC
BingX FIL-USDC
Lighter FIL
Gate FIL_USDT
Hyperliquid FIL
Aster FILUSDT
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]