Funding you earn now, next payment 00:00 UTC−0.0428%/8h= −46.9% APRpaid last 24h −0.117%
Price spread now: Coinbase International against BingX+0.081%7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.399% of the position
Funding, last 7 days−0.277%−$28 on $10k
+Price spread, last 3 days (all we have)+0.016%+$2 · spread now +0.081%, 7d avg +0.123%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Coinbase International is 0.042% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.123%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.277% in total (about -14.5% a year). A funding rate is set anew for every payment. 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 | BingX FIL-USDT | 0.9861 | 0.0100 | pay 0.0100% / 8h | 7h 34m | — | $11.8M | — |
| Short | Coinbase International FIL-PERP-INTX | 0.9869 | −0.0328 | pay 0.0041% / 1h | 34m 35s | $315K | $1.8M | 50x |
BingX FIL-USDT
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BingX. 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
- −$89.88
- Price spread: +0.081% → +0.123%
- −$4.16
- Slippage, 4 orders
- −$19.94
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$133.99
- Costs to cover
- 0.399%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 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 BingX live order book, 4 min ago | 1.01 bp | 7.9 bp −$8 | 10.9 bp −$109 | 19.6 bp −$1,965 | 43.2 bp −$21.6K |
| Sell Coinbase International live order book, 4 min ago | 5.57 bp | 12.3 bp −$12 | 16.2 bp −$162 | 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-PERPETUAL | −0.0662% | 1h | 0.9864 | +0.030% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0332% | 1h | 0.9866 | +0.048% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTXshort | −0.0328% | 1h | 0.9869 | +0.081% | $315K | $1.8M | 50x | |
| KuCoin FILUSDTM | −0.0042% | 8h | 0.9861 | 0.000% | $7.4M | $7.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0037% | 8h | 0.9861 | 0.000% | $17.9M | $97.8M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9854 | −0.071% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9869 | +0.082% | $58K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0030% | 8h | 0.9860 | −0.011% | $56.8M | $178.3M | 75x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9857 | −0.039% | $691K | $3.5M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.061% | $2K | $240K | 12x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Binance FILUSDT
Extended FIL-USD
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0059% | 8h | 0.9863 | +0.020% | $247K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0063% | 8h | 0.9859 | −0.020% | $10.8M | $21.5M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9858 | −0.026% | $159K | $346K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9863 | +0.025% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9864 | +0.028% | $494K | $553K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9864 | +0.030% | $15.3M | $18.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9863 | +0.020% | $8.2M | $16.1M | 50x | as long as short |
| BingX FIL-USDTlong | +0.0100% | 8h | 0.9861 | long leg | — | $11.8M | — | |
| Variational Omni FIL | +0.0100% | 8h | 0.9849 | −0.122% | $442K | $280K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9845 | −0.164% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9847 | −0.145% | $291K | $812K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9860 | −0.010% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9862 | +0.007% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9840 | −0.213% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9857 | −0.041% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9856 | −0.051% | $630K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9860 | −0.010% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0123% | 8h | 0.9853 | −0.081% | $2.7M | $571K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0539% / S −0.0538% | 1h | 0.9855 | −0.061% | $196K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate 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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]