Funding you earn now, next payment 21:00 UTC−0.0806%/8h= −88.2% APRnext payment −$1.01 per $10,000 · paid last 24h −0.090%
Price spread now: Deribit against Kraken Futures+0.010%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$530.528% of the position
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.010%, 7d avg +0.019%
=The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.191% in total (about -10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.01 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 | Kraken Futures PF_FILUSD | 0.9774 | 0.0136 | pay 0.0017% / 1h | 31m 47s | $1.4M | $2.3M | 50x |
| Short | Deribit FIL_USDC-PERPETUAL | 0.9775 | −0.0670 | pay 0.0084% / 1h | 31m 47s | $168K | $22K | 25x |
Kraken Futures PF_FILUSD
Deribit FIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$169.17
- Price spread: +0.010% → +0.019%
- −$0.88
- Slippage, 4 orders
- −$35.79
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$222.84
- Costs to cover
- 0.528%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Deribit: live order book, 17 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 | 2.05 bp | 8.9 bp −$9 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 17 min ago | 9.31 bp | 14.9 bp −$15 | 23.6 bp −$236 | 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-PERPETUALshort | −0.0670% | 1h | 0.9775 | +0.010% | $168K | $22K | 25x | |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9770 | −0.041% | $324K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0196% | 1h | 0.9658 | −1.187% | $2K | $118K | 12x | as long as short |
| Bybit FILUSDT | −0.0160% | 8h | 0.9767 | −0.072% | $15.8M | $16.9M | 25x | as long as short |
| Variational Omni FIL | −0.0114% | 8h | 0.9744 | −0.311% | $428K | $271K | — | as long as short |
| Lighter FIL | −0.0064% | 1h | 0.9763 | −0.113% | $156K | $359K | 5x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9768 | −0.063% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9772 | −0.019% | $57K | $2K | 10x | as long as short |
| Bitget FILUSDT | +0.0005% | 8h | 0.9765 | −0.092% | $10.8M | $22.7M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0040% | 8h | 0.9778 | +0.041% | $18.0M | $98.8M | 50x | as long as short |
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
Bybit FILUSDT
Variational Omni FIL
Lighter FIL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Bitget FILUSDT
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FILUSDTM | +0.0067% | 8h | 0.9773 | −0.010% | $7.3M | $7.3M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9770 | −0.040% | $8.6M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9767 | −0.071% | $484K | $554K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9771 | −0.035% | $55.9M | $178.9M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9770 | −0.041% | $7.8M | $16.9M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9767 | −0.072% | $249K | $104K | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9766 | −0.082% | — | $6.5M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9742 | −0.324% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9748 | −0.270% | $282K | $772K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9750 | −0.246% | $42K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9777 | +0.031% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9770 | −0.041% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9768 | −0.062% | $466 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9774 | 0.000% | $621K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9770 | −0.041% | $1.1M | $2.2M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9761 | −0.135% | $682K | $2.4M | 10x | as long as short |
| Kraken Futures PF_FILUSDlong | +0.0136% | 1h | 0.9774 | long leg | $1.4M | $2.3M | 50x | |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9754 | −0.205% | $2.6M | $587K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0603% / S −0.0671% | 1h | 0.9767 | −0.076% | $171K | — | 100x | as long as short |
KuCoin FILUSDTM
Hyperliquid FIL
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
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]