Funding you earn now, next payment 02:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h +0.123%
Price spread now: OKX against Deribit−0.140%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$450.448% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.140%, 7d avg −0.099%
=Funding pays, the price is against you. OKX is 0.041% cheaper against Deribit than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.099%). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit FIL_USDC-PERPETUAL | 1.0011 | −0.0249 | get 0.0031% / 1h | 16m 41s | $172K | $23K | 25x |
| Short | OKX FIL-USDT-SWAP | 0.9997 | −0.0052 | pay 0.0052% / 8h | 6h 16m | $18.7M | $100.1M | 50x |
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $41.41
- Price spread: −0.140% → −0.099%
- −$4.11
- Slippage, 4 orders
- −$27.78
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$7.48
- Costs to cover
- 0.448%
- Break-even
- 8.3 days
Slippage from Deribit: live order book, 52 min ago; OKX: live order book, 2 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, 52 min ago | 4.00 bp | 19.5 bp −$19 | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.50 bp | 8.8 bp −$9 | 17.0 bp −$170 | 104.1 bp −$10.4K | doesn't fit |
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 | −0.0296% | 1h | 1.0000 | −0.110% | $380K | $2.1M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUALlong | −0.0249% | 1h | 1.0011 | long leg | $172K | $23K | 25x | |
| Kraken Futures PF_FILUSD | −0.0191% | 1h | 1.0010 | −0.010% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAPshort | −0.0052% | 8h | 0.9997 | −0.140% | $18.7M | $100.1M | 50x | |
| KuCoin FILUSDTM | −0.0034% | 8h | 1.0003 | −0.080% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0003 | −0.077% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0005 | −0.059% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.558% | $2K | $240K | 12x | as long as short |
| Extended FIL-USD | +0.0040% | 1h | 0.9988 | −0.227% | $702K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0041% | 8h | 1.0006 | −0.050% | $57.8M | $180.3M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
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 | +0.0081% | 8h | 0.9992 | −0.190% | $245K | $105K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0007 | −0.042% | $160K | $352K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0016 | +0.050% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0005 | −0.058% | $512K | $582K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0001 | −0.100% | $15.7M | $19.1M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0004 | −0.070% | $8.4M | $16.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0012 | +0.010% | $11.0M | $21.3M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 1.0002 | −0.090% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0039 | +0.276% | $452K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0030 | +0.193% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0033 | +0.220% | $299K | $865K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0030 | +0.190% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0013 | +0.017% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.210% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0001 | −0.100% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0000 | −0.110% | $645K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0000 | −0.110% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0237% | 1h | 1.0006 | −0.051% | $267K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDC
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]