Funding you earn now, next payment 01:00 UTC−0.0313%/8h= −34.3% APRpaid last 24h −0.112%
Price spread now: Deribit against OKX0.000%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days−0.268%−$27 on $10k
+Price spread, last 3 days (all we have)+0.143%+$14 · spread now 0.000%, 7d avg +0.097%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Deribit is 0.097% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.097%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX FIL-USDT-SWAP | 0.9889 | −0.0043 | get 0.0043% / 8h | 7h 25m | $18.0M | $97.7M | 50x |
| Short | Deribit FIL_USDC-PERPETUAL | 0.9889 | −0.0356 | pay 0.0044% / 1h | 25m 53s | $170K | $23K | 25x |
OKX FIL-USDT-SWAP
Deribit FIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against OKX. 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
- −$65.8
- Price spread: 0.000% → +0.097%
- −$9.71
- Slippage, 4 orders
- −$28.83
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$121.34
- Costs to cover
- 0.458%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Deribit: live order book, 47 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 OKX live order book, 3 min ago | 0.51 bp | 7.8 bp −$8 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 47 min ago | 4.06 bp | 7.6 bp −$8 | doesn't fit | 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 | −0.0356% | 1h | 0.9889 | 0.000% | $170K | $23K | 25x | |
| Kraken Futures PF_FILUSD | −0.0331% | 1h | 0.9892 | +0.032% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9880 | −0.091% | $316K | $1.8M | 50x | as long as short |
| OKX FIL-USDT-SWAPlong | −0.0043% | 8h | 0.9889 | long leg | $18.0M | $97.7M | 50x | |
| KuCoin FILUSDTM | −0.0040% | 8h | 0.9887 | −0.020% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9886 | −0.030% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9869 | −0.198% | $58K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0029% | 8h | 0.9890 | +0.010% | $57.0M | $177.5M | 75x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9886 | −0.026% | $691K | $3.6M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.344% | $2K | $240K | 12x | as long as short |
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Binance FILUSDT
Extended FIL-USD
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0063% | 8h | 0.9890 | +0.010% | $244K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0067% | 8h | 0.9888 | −0.010% | $10.9M | $21.3M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9880 | −0.091% | $159K | $346K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9890 | +0.010% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9888 | −0.014% | $504K | $553K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9891 | +0.020% | $15.4M | $18.2M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9890 | +0.010% | $8.2M | $16.1M | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9889 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9880 | −0.092% | $445K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9857 | −0.325% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9863 | −0.267% | $291K | $812K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9870 | −0.192% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9891 | +0.022% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | −0.091% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9887 | −0.020% | $487 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9894 | +0.051% | $631K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9890 | +0.010% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0115% | 8h | 0.9868 | −0.212% | $2.6M | $583K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0539% / S −0.0538% | 1h | 0.9885 | −0.044% | $196K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
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]