Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.0% APRpaid last 24h +0.022%

Price spread now: Orderly against Binance−0.034%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.034% cheaper against Binance than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance FILUSDT	0.9899	0.0081	pay 0.0081% / 8h	1h 42m	$56.9M	$174.7M	75x
Short	Orderly PERP_FIL_USDC_mythos	0.9896	0.0100	get 0.0050% / 4h	1h 42m	$5K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee OrderlybpOrdersPrice spread, now −0.034%Rate

Funding earned: $3.93
Price spread: −0.034% → 0.000%: −$3.4
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$15.47
Costs to cover: 0.160%
Break-even: 34.6 days

Slippage unknown: Binance: live order book, 16 min ago; Orderly: no order-book sample. Net counts fees only.

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 Binance live order book, 16 min ago	0.51 bp	8.6 bp −$9	12.9 bp −$129	46.0 bp −$4,600	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0760%	1h	0.9895	−0.045%	$170K	$23K	25x	as long as short
Kraken Futures PF_FILUSD	−0.0694%	1h	0.9896	−0.036%	$1.4M	$2.3M	50x	as long as short
Coinbase International FIL-PERP-INTX	−0.0376%	1h	0.9916	+0.167%	$317K	$1.9M	50x	as long as short
Injective FIL/USDC PERP	−0.0252%	1h	0.9855	−0.449%	$2K	$240K	12x	as long as short
Lighter FIL	−0.0064%	1h	0.9892	−0.071%	$159K	$348K	5x	as long as short
Bitget FILUSDT	−0.0020%	8h	0.9898	−0.015%	$10.9M	$21.4M	75x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9893	−0.067%	$25K	—	150x	as long as short
Bybit FILUSDT	−0.0002%	8h	0.9900	+0.005%	$15.6M	$18.0M	25x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9904	+0.049%	$58K	$2K	10x	as long as short
KuCoin FILUSDTM	+0.0018%	8h	0.9900	+0.005%	$7.4M	$7.0M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX FIL-USDT-SWAP	+0.0031%	8h	0.9899	−0.005%	$18.3M	$97.1M	50x	as long as short
MEXC FIL_USDC	+0.0076%	8h	0.9903	+0.036%	$252K	$103K	50x	as long as short
Extended FIL-USD	+0.0080%	1h	0.9904	+0.048%	$692K	$2.3M	10x	as long as short
Binance FILUSDTlong	+0.0081%	8h	0.9899	long leg	$56.9M	$174.7M	75x
Variational Omni FIL	+0.0085%	8h	0.9879	−0.211%	$440K	$277K	—	as long as short
BingX FIL-USDC	+0.0086%	8h	0.9901	+0.016%	—	$6.5M	—	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9906	+0.069%	$8.7M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9913	+0.139%	$490K	$515K	20x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9905	+0.056%	$7.8M	$16.1M	50x	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9891	−0.081%	$45K	$294K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9893	−0.066%	$296K	$814K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9900	+0.005%	$30K	$198K	50x	as long as short
Orderly PERP_FIL_USDC_mythosshort	+0.0100%	4h	0.9896	−0.034%	$5K	—	10x
SunX FIL-USDT	+0.0100%	8h	0.9880	−0.197%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9891	−0.086%	$484	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9894	−0.055%	$627K	$5.6M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9890	−0.096%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0201%	8h	0.9891	−0.086%	$2.6M	$657K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0618% / S −0.0742%	1h	0.9894	−0.051%	$215K	—	100x	as long as short