FIL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0476%/8h= −52.1% APRnext payment −$0.59 per $10,000 · paid last 24h −0.129%

Price spread now: Coinbase International against ApeX Omni+0.161%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$660.660% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.324%−$32 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.161%, 7d avg +0.089%

Together, before fees−0.322%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.072% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.161% now, against its 7-day average of +0.089%): +$7 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.324% in total) that is about 37 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.324% in total (about -16.9% 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	ApeX Omni FILUSDT	0.9930	0.0100	pay 0.0013% / 1h	4m 20s	$30K	$197K	50x
Short	Coinbase International FIL-PERP-INTX	0.9946	−0.0376	pay 0.0047% / 1h	4m 20s	$323K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +0.161%Rate

Funding earned: −$99.96
Price spread: +0.161% → +0.089%: $7.19
Slippage, 4 orders: −$46.04
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$158.8
Costs to cover: 0.660%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 12 min ago; Coinbase International: live order book, 4 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 ApeX Omni live order book, 12 min ago	10.08 bp	19.3 bp −$19	118.4 bp −$1,184	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	6.55 bp	14.1 bp −$14	17.5 bp −$175	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
Kraken Futures PF_FILUSD	−0.0690%	1h	0.9944	+0.141%	$1.3M	$2.3M	50x	as long as short
Deribit FIL_USDC-PERPETUAL	−0.0554%	1h	0.9947	+0.171%	$171K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTXshort	−0.0376%	1h	0.9946	+0.161%	$323K	$1.9M	50x
Injective FIL/USDC PERP	−0.0252%	1h	0.9855	−0.755%	$2K	$240K	12x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9949	+0.193%	$25K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9949	+0.187%	$58K	$2K	10x	as long as short
Bitget FILUSDT	+0.0012%	8h	0.9943	+0.131%	$10.9M	$21.4M	75x	as long as short
KuCoin FILUSDTM	+0.0013%	8h	0.9945	+0.151%	$7.5M	$7.1M	50x	as long as short
Bybit FILUSDT	+0.0036%	8h	0.9946	+0.161%	$15.5M	$18.1M	25x	as long as short
OKX FIL-USDT-SWAP	+0.0037%	8h	0.9943	+0.131%	$18.2M	$98.7M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended FIL-USD	+0.0072%	1h	0.9942	+0.123%	$692K	$2.3M	10x	as long as short
MEXC FIL_USDC	+0.0072%	8h	0.9939	+0.091%	$253K	$105K	50x	as long as short
Binance FILUSDT	+0.0074%	8h	0.9947	+0.171%	$57.5M	$176.2M	75x	as long as short
BingX FIL-USDT	+0.0076%	8h	0.9944	+0.141%	—	$11.9M	—	as long as short
Lighter FIL	+0.0096%	1h	0.9939	+0.094%	$159K	$349K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9943	+0.130%	$8.7M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9950	+0.201%	$500K	$526K	20x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9942	+0.121%	$7.9M	$16.3M	50x	as long as short
Variational Omni FIL	+0.0100%	8h	0.9931	+0.012%	$442K	$277K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9919	−0.107%	$45K	$293K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9919	−0.109%	$288K	$790K	10x	as long as short
ApeX Omni FILUSDTlong	+0.0100%	1h	0.9930	long leg	$30K	$197K	50x
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9956	+0.258%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9940	+0.101%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9939	+0.091%	$491	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9949	+0.191%	$630K	$5.6M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9940	+0.101%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0195%	8h	0.9941	+0.111%	$2.7M	$661K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0601% / S −0.0709%	1h	0.9950	+0.204%	$208K	—	100x	as long as short