FIL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0652%/8h= −71.4% APRnext payment −$0.82 per $10,000 · paid last 24h −0.166%

Price spread now: Deribit against Kraken Futures+0.016%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.249%−$25 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.016%, 7d avg +0.017%

Together, before fees−0.220%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$20 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 -0.249% in total (about -13.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.82 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	Kraken Futures PF_FILUSD	0.9914	0.0197	pay 0.0025% / 1h	58m 25s	$1.4M	$2.1M	50x
Short	Deribit FIL_USDC-PERPETUAL	0.9916	−0.0455	pay 0.0057% / 1h	58m 25s	$171K	$23K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee DeribitbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$136.96
Price spread: +0.016% → +0.017%: −$0.13
Slippage, 4 orders: −$39.77
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$193.86
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Deribit: live order book, 45 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, 5 min ago	2.52 bp	20.2 bp −$20	36.0 bp −$360	doesn't fit	doesn't fit
Sell Deribit live order book, 45 min ago	5.05 bp	10.5 bp −$11	19.2 bp −$192	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-PERPETUALshort	−0.0455%	1h	0.9916	+0.016%	$171K	$23K	25x
Coinbase International FIL-PERP-INTX	−0.0176%	1h	0.9940	+0.258%	$349K	$2.2M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9912	−0.020%	$26K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9907	−0.080%	$58K	$1K	10x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.599%	$2K	$240K	12x	as long as short
KuCoin FILUSDTM	+0.0070%	8h	0.9904	−0.105%	$7.0M	$8.0M	50x	as long as short
OKX FIL-USDT-SWAP	+0.0087%	8h	0.9913	−0.014%	$17.8M	$108.5M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9904	−0.107%	$147K	$353K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9911	−0.029%	$8.3M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9911	−0.033%	$505K	$606K	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance FILUSDT	+0.0100%	8h	0.9911	−0.034%	$55.8M	$186.0M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9910	−0.045%	$15.5M	$20.5M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9910	−0.045%	$8.2M	$16.5M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9906	−0.085%	$229K	$98K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9908	−0.065%	$11.2M	$19.7M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9910	−0.045%	—	$11.8M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9911	−0.037%	$441K	$283K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9913	−0.016%	$45K	$296K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9911	−0.034%	$292K	$1.4M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9920	+0.056%	$27K	$184K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9920	+0.056%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9910	−0.045%	$3K	$1.2M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9911	−0.034%	$483	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9920	+0.056%	$616K	$5.6M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9910	−0.045%	$1.2M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9908	−0.063%	$697K	$1.4M	10x	as long as short
Kraken Futures PF_FILUSDlong	+0.0197%	1h	0.9914	long leg	$1.4M	$2.1M	50x
BloFin FIL-USDT	+0.0220%	8h	0.9912	−0.024%	$2.7M	$674K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0601% / S −0.0280%	1h	0.9912	−0.023%	$265K	—	100x	as long as short