Funding you earn now, next payment 08:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.136%
Price spread now: Coinbase International against KuCoin−0.010%7-day average +0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$590.590% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.010%, 7d avg +0.083%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.093% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.083%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin FILUSDTM | 0.9995 | 0.0096 | pay 0.0096% / 8h | 7h 21m | $7.1M | $7.8M | 50x |
| Short | Coinbase International FIL-PERP-INTX | 0.9994 | −0.0056 | pay 0.0007% / 1h | 21m 02s | $355K | $2.1M | 50x |
KuCoin FILUSDTM
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. 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
- −$31.92
- Price spread: −0.010% → +0.083%
- −$9.29
- Slippage, 4 orders
- −$37.01
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$100.22
- Costs to cover
- 0.590%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; Coinbase International: live order book, 3 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 KuCoin live order book, 7 min ago | 2.53 bp | 16.9 bp −$17 | 43.6 bp −$436 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 5.02 bp | 12.8 bp −$13 | 16.5 bp −$165 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTXshort | −0.0056% | 1h | 0.9994 | −0.010% | $355K | $2.1M | 50x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9983 | −0.120% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9973 | −0.220% | $58K | $887 | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0000 | +0.050% | $172K | $23K | 25x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.401% | $2K | $240K | 12x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9992 | −0.033% | $145K | $345K | 5x | as long as short |
| KuCoin FILUSDTMlong | +0.0096% | 8h | 0.9995 | long leg | $7.1M | $7.8M | 50x | |
| Kraken Futures PF_FILUSD | +0.0097% | 1h | 1.0001 | +0.062% | $1.4M | $2.1M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9998 | +0.026% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9997 | +0.017% | $509K | $552K | 20x | as long as short |
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
Lighter FIL
Kraken Futures PF_FILUSD
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9993 | −0.016% | $56.9M | $182.3M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9991 | −0.040% | $15.4M | $20.2M | 25x | as long as short |
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9989 | −0.060% | $17.8M | $105.6M | 50x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9998 | +0.030% | $8.3M | $16.4M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9992 | −0.030% | $231K | $99K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9990 | −0.050% | $11.4M | $19.3M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9997 | +0.020% | — | $11.7M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9884 | −1.115% | $440K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9949 | −0.462% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9954 | −0.412% | $294K | $1.5M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9950 | −0.450% | $23K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0005 | +0.096% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.050% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9996 | +0.010% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0003 | +0.080% | $627K | $5.5M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9990 | −0.050% | $1.3M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9992 | −0.034% | $700K | $4.2M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9980 | −0.150% | $2.7M | $648K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0602% / S −0.0280% | 1h | 0.9995 | −0.001% | $267K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
OKX FIL-USDT-SWAP
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]