Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h −0.096%
Price spread now: Coinbase International against Kraken Futures−0.108%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$700.701% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 3 days (all we have)+0.144%+$14 · spread now −0.108%, 7d avg +0.055%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.163% cheaper against Kraken Futures than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FILUSD | 0.9928 | −0.0330 | get 0.0041% / 1h | 1m 18s | $1.4M | $2.4M | 50x |
| Short | Coinbase International FIL-PERP-INTX | 0.9917 | −0.0328 | pay 0.0041% / 1h | 1m 18s | $339K | $1.9M | 50x |
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Kraken Futures. 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
- $0.45
- Price spread: −0.108% → +0.055%
- −$16.29
- Slippage, 4 orders
- −$50.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$85.92
- Costs to cover
- 0.701%
- Break-even
- 1337.0 days
Slippage from Kraken Futures: live order book, 2 min ago; Coinbase International: live order book, 2 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 Kraken Futures live order book, 2 min ago | 6.53 bp | 19.0 bp −$19 | 39.6 bp −$396 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 6.53 bp | 14.2 bp −$14 | 18.0 bp −$180 | 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 | −0.0555% | 1h | 0.9936 | +0.083% | $171K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSDlong | −0.0330% | 1h | 0.9928 | long leg | $1.4M | $2.4M | 50x | |
| Coinbase International FIL-PERP-INTXshort | −0.0328% | 1h | 0.9917 | −0.108% | $339K | $1.9M | 50x | |
| OKX FIL-USDT-SWAP | −0.0041% | 8h | 0.9927 | −0.008% | $18.3M | $97.8M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0041% | 8h | 0.9946 | +0.184% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9934 | +0.060% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9955 | +0.272% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0024% | 1h | 0.9930 | +0.021% | $696K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0027% | 8h | 0.9924 | −0.038% | $57.4M | $179.4M | 75x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.733% | $2K | $240K | 12x | as long as short |
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Binance FILUSDT
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate FIL_USDT | +0.0067% | 8h | 0.9943 | +0.154% | $8.1M | $16.4M | 50x | as long as short |
| MEXC FIL_USDC | +0.0067% | 8h | 0.9947 | +0.194% | $246K | $106K | 50x | as long as short |
| Bitget FILUSDT | +0.0081% | 8h | 0.9921 | −0.068% | $11.0M | $21.6M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9923 | −0.049% | $159K | $349K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9947 | +0.191% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9954 | +0.260% | $509K | $590K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9929 | +0.013% | $15.5M | $18.5M | 25x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9929 | +0.013% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9938 | +0.101% | $447K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9949 | +0.213% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9971 | +0.434% | $297K | $823K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9950 | +0.224% | $30K | $194K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9943 | +0.155% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9920 | −0.078% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9925 | −0.028% | $491 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9939 | +0.113% | $628K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9930 | +0.023% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0108% | 8h | 0.9928 | +0.002% | $2.7M | $606K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0570% / S −0.0639% | 1h | 0.9944 | +0.164% | $198K | — | 100x | as long as short |
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
BingX FIL-USDC
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]