Funding you earn now, next payment 02:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.201%
Price spread now: Injective against Deribit−1.509%63s7-day average +1.990% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.389%+$39 on $10k
+Price spread, last 3 days (all we have)−1.142%−$114 · spread now −1.509%, 7d avg +1.990%
=Funding pays, the price is against you. Injective is 3.499% cheaper against Deribit than usual: you would sell low and buy high (spread −1.509% now, against its 7-day average of +1.990%). If the spread goes back, that is −$350 on $10k: about 12 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.389% in total) that is about 2 months. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit FIL_USDC-PERPETUAL | 1.0006 | 0 | get 0.0000% / 1h | 44m 23s | $172K | $23K | 25x |
| Short | Injective FIL/USDC PERP | 0.9855 | 0.0033 | get 0.0004% / 1h | 44m 23s | $2K | $240K | 12x |
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Deribit. 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
- $7
- Price spread: −1.509% → +1.990%
- −$349.87
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$349.89
- Costs to cover
- 0.070%
- Break-even
- 356.9 days
Slippage unknown: Deribit: live order book, 24 min ago; Injective: no order-book sample. Net counts fees only.
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 Deribit live order book, 24 min ago | 4.00 bp | 19.5 bp −$19 | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0296% | 1h | 1.0005 | −0.010% | $376K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0191% | 1h | 1.0003 | −0.029% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0062% | 8h | 0.9999 | −0.070% | $18.4M | $100.3M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0047% | 8h | 0.9992 | −0.140% | $7.4M | $7.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9994 | −0.124% | $36K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9986 | −0.200% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUALlong | 0.0000% | 1h | 1.0006 | long leg | $172K | $23K | 25x | |
| Extended FIL-USD | +0.0024% | 1h | 0.9992 | −0.143% | $699K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0026% | 8h | 0.9993 | −0.126% | $58.0M | $183.0M | 75x | as long as short |
| Injective FIL/USDC PERPshort | +0.0033% | 1h | 0.9855 | −1.509% | $2K | $240K | 12x |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate FIL_USDT | +0.0067% | 8h | 0.9994 | −0.120% | $8.3M | $16.0M | 50x | as long as short |
| MEXC FIL_USDC | +0.0068% | 8h | 0.9989 | −0.170% | $245K | $104K | 50x | as long as short |
| BloFin FIL-USDT | +0.0093% | 8h | 0.9993 | −0.130% | $2.7M | $610K | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9987 | −0.190% | $158K | $345K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9994 | −0.120% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9992 | −0.142% | $510K | $612K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9998 | −0.080% | $15.7M | $18.9M | 25x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9999 | −0.070% | $11.2M | $22.0M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9994 | −0.120% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0029 | +0.229% | $449K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9992 | −0.142% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9996 | −0.104% | $298K | $849K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0000 | −0.060% | $30K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9993 | −0.125% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.160% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0000 | −0.060% | $490 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0019 | +0.130% | $644K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0010 | +0.040% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0237% | 1h | 0.9991 | −0.147% | $267K | — | 100x | as long as short |
Gate FIL_USDT
MEXC FIL_USDC
BloFin FIL-USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
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
GMX FIL/USD [WBTC.b-USDC]