FIL

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Funding spread now, next payment 19:00 UTC+0.0694%/8h

next payment, per $10,000+$0.87paid, last 24h−0.083%paid, last 7 days−0.179%to open and closeno order book

Long on Injective Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.179% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.87 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	Injective FIL/USDC PERP	0.9583	0.0033	pay 0.0004% / 1h	1m 06s	$2K	$128K	12x
Short	Kraken Futures PF_FILUSD	0.9634	0.0727	get 0.0091% / 1h	1m 06s	$1.5M	$2.2M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Kraken FuturesbpOrdersRate

Funding earned: $145.66
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $135.64
Break-even: 0.5 days

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.532%
Avg gap 7d: −2.196%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	4.15 bp	13.1 bp −$13	27.4 bp −$274	doesn't fit	doesn't fit

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 28 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International FIL-PERP-INTX	−0.0424%	1h	$310K	$2.0M	50x	as long as short
Deribit FIL_USDC-PERPETUAL	−0.0373%	1h	$166K	$22K	25x	as long as short
Bybit FILUSDT	−0.0119%	8h	$15.6M	$16.8M	25x	as long as short
Variational Omni FIL	−0.0082%	8h	$433K	$264K	—	as long as short
OKX FIL-USDT-SWAP	−0.0012%	8h	$17.7M	$100.0M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	$24K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	$56K	$2K	10x	as long as short
Injective FIL/USDC PERPlong	+0.0033%	1h	$2K	$128K	12x
KuCoin FILUSDTM	+0.0044%	8h	$7.1M	$7.4M	50x	as long as short
Lighter FIL	+0.0056%	1h	$160K	$353K	5x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget FILUSDT	+0.0060%	8h	$10.9M	$23.0M	75x	as long as short
MEXC FIL_USDC	+0.0095%	8h	$246K	$106K	50x	as long as short
Hyperliquid FIL	+0.0100%	1h	$8.5M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	$476K	$553K	20x	as long as short
Binance FILUSDT	+0.0100%	8h	$54.4M	$178.3M	75x	as long as short
Gate FIL_USDT	+0.0100%	8h	$7.7M	$16.9M	50x	as long as short
BingX FIL-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
edgeX FILUSDC	+0.0100%	4h	$44K	$293K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	$43K	$197K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	$4K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	$454	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	$600K	$5.5M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	$1.0M	$2.2M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	$672K	$2.3M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	$2.6M	$561K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0520% / S −0.1305%	1h	$110K	—	100x	as long as short
Kraken Futures PF_FILUSDshort	+0.0727%	1h	$1.5M	$2.2M	50x