Funding you earn now, next payment 10:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.139%
Price spread now: Coinbase International against Binance+0.025%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$420.421% of the position
Funding, last 7 days−0.225%−$23 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.025%, 7d avg +0.086%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Coinbase International is 0.061% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.086%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FILUSDT | 0.9828 | 0.0100 | pay 0.0100% / 8h | 5h 55m | $56.9M | $158.6M | 75x |
| Short | Coinbase International FIL-PERP-INTX | 0.9830 | −0.0200 | pay 0.0025% / 1h | 55m 55s | $356K | $2.1M | 50x |
Binance FILUSDT
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- −$63
- Price spread: +0.025% → +0.086%
- −$6.05
- Slippage, 4 orders
- −$22.06
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$111.11
- Costs to cover
- 0.421%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Coinbase International: live order book, 1 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 Binance live order book, 10 min ago | 0.51 bp | 8.2 bp −$8 | 11.8 bp −$118 | 37.7 bp −$3,772 | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 3.05 bp | 14.0 bp −$14 | 19.6 bp −$196 | doesn't fit | doesn't fit |
FIL on 29 exchanges
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-INTXshort | −0.0200% | 1h | 0.9830 | +0.025% | $356K | $2.1M | 50x | |
| Deribit FIL_USDC-PERPETUAL | −0.0055% | 1h | 0.9833 | +0.056% | $168K | $5K | 25x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9839 | +0.113% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9841 | +0.139% | $57K | $923 | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | +0.280% | $2K | $240K | 12x | as long as short |
| Bybit FILUSDT | +0.0085% | 8h | 0.9826 | −0.015% | $15.2M | $18.2M | 25x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9825 | −0.029% | $144K | $249K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9831 | +0.033% | $7.9M | $3.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9830 | +0.025% | $501K | $301K | 20x | as long as short |
| Binance FILUSDTlong | +0.0100% | 8h | 0.9828 | long leg | $56.9M | $158.6M | 75x |
Deribit FIL_USDC-PERPETUAL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Bybit FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9827 | −0.005% | $17.2M | $93.7M | 50x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9826 | −0.015% | $8.2M | $14.1M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9820 | −0.076% | $226K | $90K | 50x | as long as short |
| KuCoin FILUSDTM | +0.0100% | 8h | 0.9824 | −0.036% | $7.1M | $7.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9825 | −0.026% | $11.4M | $17.5M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9825 | −0.026% | — | $11.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9839 | +0.119% | $436K | $261K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9841 | +0.136% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9849 | +0.223% | $286K | $1.7M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9850 | +0.229% | $23K | $180K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9836 | +0.088% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9830 | +0.025% | $3K | $1.0M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9825 | −0.026% | $472 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9834 | +0.066% | $624K | $4.9M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9820 | −0.076% | $1.3M | $2.4M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9822 | −0.059% | $697K | $4.2M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9839 | +0.117% | $2.7M | $613K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0289% | 1h | 0.9830 | +0.028% | $1.3M | $2.1M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0594% / S −0.0280% | 1h | 0.9828 | +0.010% | $263K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
Gate FIL_USDT
MEXC FIL_USDC
KuCoin FILUSDTM
Bitget FILUSDT
BingX FIL-USDT
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
Extended FIL-USD
BloFin FIL-USDT
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]