Funding you earn now, next payment 00:00 UTC−0.0135%/8h= −14.8% APRnext payment −$1.35 per $10,000 · paid last 24h −0.003%
Price spread now: Bitget against Gate−0.041%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$480.482% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.041%, 7d avg −0.020%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.021% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.122%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate FIL_USDT | 0.9835 | 0.0100 | pay 0.0100% / 8h | 2h 28m | $7.8M | $16.3M | 50x |
| Short | Bitget FILUSDT | 0.9831 | −0.0035 | pay 0.0035% / 8h | 2h 28m | $10.8M | $21.9M | 75x |
Gate FIL_USDT
Bitget FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- −$28.35
- Price spread: −0.041% → −0.020%
- −$2.09
- Slippage, 4 orders
- −$21.2
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$78.64
- Costs to cover
- 0.482%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Bitget: live order book, 5 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 Gate live order book, 5 min ago | 0.51 bp | 13.8 bp −$14 | 24.7 bp −$247 | 49.9 bp −$4,993 | 79.9 bp −$40.0K |
| Sell Bitget live order book, 5 min ago | 0.51 bp | 9.5 bp −$9 | 14.3 bp −$143 | 37.7 bp −$3,766 | 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 | −0.1374% | 1h | 0.9836 | +0.010% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0623% | 1h | 0.9833 | −0.024% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | −0.0392% | 1h | 0.9827 | −0.077% | $157K | $337K | 5x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9843 | +0.081% | $315K | $1.9M | 50x | as long as short |
| Bybit FILUSDT | −0.0059% | 8h | 0.9837 | +0.020% | $15.5M | $18.0M | 25x | as long as short |
| Bitget FILUSDTshort | −0.0035% | 8h | 0.9831 | −0.041% | $10.8M | $21.9M | 75x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9831 | −0.046% | $24K | — | 150x | as long as short |
| Variational Omni FIL | −0.0002% | 8h | 0.9833 | −0.025% | $435K | $276K | — | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9837 | +0.016% | $57K | $2K | 10x | as long as short |
| Hyperliquid FIL | +0.0002% | 1h | 0.9831 | −0.045% | $8.6M | $9.5M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Lighter FIL
Coinbase International FIL-PERP-INTX
Bybit FILUSDT
gTrade (Gains Network) FIL/USD
Variational Omni FIL
dYdX FIL-USD
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0012% | 8h | 0.9833 | −0.020% | $18.1M | $96.5M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0033% | 8h | 0.9831 | −0.041% | $7.3M | $7.1M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9751 | −0.854% | $2K | $148K | 12x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9835 | −0.004% | $486K | $514K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9833 | −0.016% | $56.4M | $175.8M | 75x | as long as short |
| Gate FIL_USDTlong | +0.0100% | 8h | 0.9835 | long leg | $7.8M | $16.3M | 50x | |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9831 | −0.041% | $250K | $105K | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9834 | −0.010% | — | $6.5M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9825 | −0.106% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9829 | −0.057% | $288K | $813K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9840 | +0.051% | $42K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9838 | +0.029% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9820 | −0.153% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9827 | −0.081% | $478 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9832 | −0.031% | $622K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9830 | −0.051% | $1.1M | $2.2M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9832 | −0.027% | $685K | $2.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9824 | −0.112% | $2.6M | $635K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0614% / S −0.0742% | 1h | 0.9831 | −0.036% | $213K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Injective FIL/USDC PERP
Aster FILUSDT
Binance FILUSDT
MEXC FIL_USDC
BingX FIL-USDC
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]