Funding you earn now, next payment 03:00 UTC+0.0227%/8h= +24.8% APRpaid last 24h +0.026%
Price spread now: BingX against Kraken Futures−0.184%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$550.550% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.184%, 7d avg −0.072%
=Funding pays, the price is against you. BingX is 0.112% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.184% now, against its 7-day average of −0.072%). If the spread goes back, that is −$11 on $10k: about 39 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.180% in total) that is about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FILUSD | 1.0049 | −0.0127 | get 0.0016% / 1h | 4m 17s | $1.4M | $2.3M | 50x |
| Short | BingX FIL-USDC | 1.0031 | 0.0100 | get 0.0100% / 8h | 5h 04m | — | $6.5M | — |
Kraken Futures PF_FILUSD
BingX FIL-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- $47.63
- Price spread: −0.184% → −0.072%
- −$11.2
- Slippage, 4 orders
- −$35.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$18.58
- Costs to cover
- 0.550%
- Break-even
- 9.7 days
Slippage from Kraken Futures: live order book, 4 min ago; BingX: live order book, 11 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 Kraken Futures live order book, 4 min ago | 4.98 bp | 18.8 bp −$19 | 29.7 bp −$297 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 0.99 bp | 8.9 bp −$9 | 25.0 bp −$250 | 224.6 bp −$22.5K | 647.6 bp −$323.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0256% | 1h | 1.0040 | −0.094% | $378K | $2.2M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0248% | 1h | 1.0042 | −0.074% | $173K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSDlong | −0.0127% | 1h | 1.0049 | long leg | $1.4M | $2.3M | 50x | |
| OKX FIL-USDT-SWAP | −0.0064% | 8h | 1.0034 | −0.154% | $18.9M | $102.2M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0012% | 8h | 1.0027 | −0.223% | $7.4M | $7.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0003% / S +0.0006% | 1h | 1.0037 | −0.119% | $27K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0047 | −0.020% | $59K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.935% | $2K | $240K | 12x | as long as short |
| Extended FIL-USD | +0.0072% | 1h | 1.0030 | −0.189% | $705K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0076% | 8h | 1.0033 | −0.164% | $58.7M | $180.0M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Extended FIL-USD
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0089% | 8h | 1.0033 | −0.164% | $243K | $105K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0043 | −0.063% | $158K | $354K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0033 | −0.164% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0046 | −0.035% | $519K | $586K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0033 | −0.164% | $15.8M | $19.6M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0037 | −0.124% | $8.6M | $16.6M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0030 | −0.194% | $11.1M | $20.3M | 75x | as long as short |
| BingX FIL-USDCshort | +0.0100% | 8h | 1.0031 | −0.184% | — | $6.5M | — | |
| Variational Omni FIL | +0.0100% | 8h | 1.0024 | −0.258% | $451K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0025 | −0.241% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0044 | −0.056% | $291K | $914K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0050 | +0.005% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0047 | −0.024% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0040 | −0.094% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0035 | −0.144% | $481 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0042 | −0.074% | $628K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0030 | −0.194% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0196% | 8h | 1.0035 | −0.144% | $2.8M | $652K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0237% | 1h | 1.0039 | −0.108% | $268K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget 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]