Funding you earn now, next payment 00:00 UTC+0.0469%/8h= +51.4% APRpaid last 24h +0.021%
Price spread now: Gate against Kraken Futures−0.092%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$650.651% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 3 days (all we have)+0.045%+$4 · spread now −0.092%, 7d avg −0.036%
=Funding pays, the price is against you. Gate is 0.056% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.036%). If the spread goes back, that is −$6 on $10k: about 10 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.071% in total) that is about 5.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% a year). A funding rate is set anew for every payment. 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 | 0.9872 | −0.0394 | get 0.0049% / 1h | 19m 07s | $1.3M | $2.4M | 50x |
| Short | Gate FIL_USDT | 0.9863 | 0.0075 | get 0.0075% / 8h | 19m 07s | $8.1M | $16.4M | 50x |
Kraken Futures PF_FILUSD
Gate FIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $98.52
- Price spread: −0.092% → −0.036%
- −$5.57
- Slippage, 4 orders
- −$40.07
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $27.88
- Costs to cover
- 0.651%
- Break-even
- 5.0 days
Slippage from Kraken Futures: live order book, 5 min ago; Gate: 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 Kraken Futures live order book, 5 min ago | 3.55 bp | 16.4 bp −$16 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 1.02 bp | 13.5 bp −$14 | 26.0 bp −$260 | 61.2 bp −$6,123 | 101.5 bp −$50.8K |
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 | −0.0661% | 1h | 0.9872 | 0.000% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSDlong | −0.0394% | 1h | 0.9872 | long leg | $1.3M | $2.4M | 50x | |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9848 | −0.244% | $315K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | −0.173% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | −0.0029% | 8h | 0.9863 | −0.092% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9868 | −0.038% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9857 | −0.148% | $57K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0006% | 8h | 0.9859 | −0.132% | $18.1M | $99.1M | 50x | as long as short |
| Bitget FILUSDT | +0.0033% | 8h | 0.9859 | −0.132% | $10.9M | $21.6M | 75x | as long as short |
| Extended FIL-USD | +0.0040% | 1h | 0.9861 | −0.111% | $689K | $2.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Bitget FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0043% | 8h | 0.9863 | −0.092% | $57.2M | $179.4M | 75x | as long as short |
| Bybit FILUSDT | +0.0046% | 8h | 0.9863 | −0.092% | $15.4M | $18.4M | 25x | as long as short |
| MEXC FIL_USDC | +0.0048% | 8h | 0.9857 | −0.152% | $250K | $105K | 50x | as long as short |
| BingX FIL-USDT | +0.0049% | 8h | 0.9861 | −0.112% | — | $11.9M | — | as long as short |
| Gate FIL_USDTshort | +0.0075% | 8h | 0.9863 | −0.092% | $8.1M | $16.4M | 50x | |
| Lighter FIL | +0.0096% | 1h | 0.9859 | −0.136% | $158K | $348K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9861 | −0.112% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9864 | −0.085% | $494K | $546K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9853 | −0.191% | $440K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9835 | −0.373% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9843 | −0.291% | $294K | $805K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9840 | −0.325% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9870 | −0.020% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9860 | −0.122% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9865 | −0.071% | $481 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9868 | −0.041% | $629K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9860 | −0.122% | $1.1M | $2.4M | 50x | as long as short |
| BloFin FIL-USDT | +0.0163% | 8h | 0.9857 | −0.152% | $2.7M | $568K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0571% / S −0.0666% | 1h | 0.9869 | −0.026% | $196K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
MEXC FIL_USDC
BingX FIL-USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
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]