Funding you earn now, next payment 03:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.120%
Price spread now: Coinbase International against dYdX−0.117%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 0.117% cheaper against dYdX than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 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 | dYdX FIL-USD | 0.9991 | 0 | get 0.0000% / 1h | 16m 32s | $58K | $2K | 10x |
| Short | Coinbase International FIL-PERP-INTX | 0.9979 | −0.0208 | pay 0.0026% / 1h | 16m 32s | $367K | $2.1M | 50x |
dYdX FIL-USD
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against dYdX. 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
- −$43.68
- Price spread: −0.117% → 0.000%
- −$11.71
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$75.39
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: dYdX: no order-book sample; Coinbase International: live order book, 2 min ago. 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 2 min ago | 6.53 bp | 13.4 bp −$13 | 16.9 bp −$169 | doesn't fit | doesn't fit |
dYdX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0250% | 1h | 0.9987 | −0.037% | $172K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTXshort | −0.0208% | 1h | 0.9979 | −0.117% | $367K | $2.1M | 50x | |
| OKX FIL-USDT-SWAP | −0.0048% | 8h | 0.9998 | +0.073% | $18.5M | $105.0M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0007% | 8h | 0.9998 | +0.073% | $7.3M | $7.6M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9991 | +0.007% | $26K | — | 150x | as long as short |
| dYdX FIL-USDlong | 0.0000% | 1h | 0.9991 | long leg | $58K | $2K | 10x | |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.358% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 0.9991 | 0.000% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9985 | −0.061% | $155K | $362K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0000 | +0.092% | $8.5M | $9.5M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Lighter FIL
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 0.9990 | −0.006% | $513K | $606K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9998 | +0.073% | $57.5M | $183.2M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9995 | +0.043% | $15.8M | $20.1M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9986 | −0.047% | $8.4M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9987 | −0.037% | $242K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9993 | +0.023% | $11.2M | $20.3M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9988 | −0.027% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9974 | −0.171% | $449K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9972 | −0.188% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9973 | −0.178% | $290K | $984K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9970 | −0.207% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9991 | +0.002% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9980 | −0.107% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9984 | −0.067% | $482 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9983 | −0.077% | $625K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9980 | −0.107% | $1.2M | $2.5M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9982 | −0.085% | $708K | $3.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9967 | −0.237% | $2.7M | $664K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0574% / S −0.0237% | 1h | 0.9985 | −0.059% | $266K | — | 100x | as long as short |
Aster FILUSDT
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
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
GMX FIL/USD [WBTC.b-USDC]