Settings8H · net · $10k
Funding arb · Price arb /

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.030%
Price spread now: Hyperliquid against BingX+0.030%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$360.356% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.195%+$20 on $10k
Price spread, last 7 days+0.032%+$3 · spread now +0.030%, 7d avg +0.118%
Together, before fees+0.227%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.088% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.118%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX FIL-USDT0.98900.0100pay 0.0100% / 8h6h 57m$11.9M
ShortHyperliquid FIL0.98930.0100get 0.0013% / 1h57m 01s$8.5M$9.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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

Funding earned
$0
Price spread: +0.030% → +0.118%
−$8.78
Slippage, 4 orders
−$16.6
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$44.38
Costs to cover
0.356%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; Hyperliquid: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 11 min ago1.00 bp7.7 bp −$811.4 bp −$11422.2 bp −$2,21647.0 bp −$23.5K
Sell Hyperliquid live order book, 5 min ago1.56 bp10.6 bp −$11doesn't fitdoesn't fitdoesn't fit

FIL on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International FIL-PERP-INTX−0.0296%1h0.9928+0.384%$380K$2.1M50xas long as short
Lighter FIL−0.0200%1h0.9909+0.187%$158K$340K5xas long as short
Kraken Futures PF_FILUSD−0.0193%1h0.9923+0.338%$1.4M$2.4M50xas long as short
Deribit FIL_USDC-PERPETUAL−0.0153%1h0.9924+0.344%$171K$23K25xas long as short
OKX FIL-USDT-SWAP−0.0048%8h0.9887−0.030%$18.0M$98.1M50xas long as short
KuCoin FILUSDTM−0.0040%8h0.9882−0.081%$7.3M$7.3M50xas long as short
Gate FIL_USDT−0.0021%8h0.9892+0.020%$8.1M$15.6M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0005% / S +0.0006%1h0.9922+0.322%$35K150xas long as short
dYdX FIL-USD0.0000%1h0.9921+0.308%$58K$2K10xas long as short
Binance FILUSDT+0.0024%8h0.9889−0.010%$57.2M$180.8M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended FIL-USD+0.0024%1h0.9887−0.035%$692K$3.3M10xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9855−0.354%$2K$240K12xas long as short
MEXC FIL_USDC+0.0063%8h0.9883−0.071%$243K$103K50xas long as short
Bitget FILUSDT+0.0084%8h0.9891+0.010%$11.2M$21.9M75xas long as short
BloFin FIL-USDT+0.0096%8h0.9918+0.283%$2.7M$606K75xas long as short
Hyperliquid FILshort+0.0100%1h0.9893+0.030%$8.5M$9.5M5x
Aster FILUSDT+0.0100%8h0.9921+0.315%$505K$610K20xas long as short
Bybit FILUSDT+0.0100%8h0.9889−0.010%$15.5M$18.7M25xas long as short
BingX FIL-USDTlong+0.0100%8h0.9890long leg$11.9M
Variational Omni FIL+0.0100%8h0.9938+0.483%$447K$269Kas long as short
edgeX FILUSDC+0.0100%4h0.9893+0.033%$46K$293K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9907+0.171%$291K$836K10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9900+0.101%$30K$194K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h0.9927+0.370%$5K10xas long as short
SunX FIL-USDT+0.0100%8h0.9910+0.202%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9910+0.202%$487$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9936+0.465%$636K$5.7M75xas long as short
Phemex FILUSDT+0.0100%8h0.9910+0.202%$1.1M$2.3M50xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0569% / S −0.0592%1h0.9918+0.281%$200K100xas long as short