Funding arb · Price arb /

FIL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.039%

Price spread now: SoDEX against Bybit−0.142%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.142% cheaper against Bybit than usual: you would sell low and buy high (spread −0.142% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 5.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit FILUSDT	0.9884	0.0014	pay 0.0014% / 8h	1h 28m	$15.5M	$18.0M	25x
Short	SoDEX FIL-USD	0.9870	0.0100	get 0.0013% / 1h	28m 47s	$490	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bybit. 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 BybitbpFee SoDEXbpOrdersPrice spread, now −0.142%Rate

Funding earned: $18.07
Price spread: −0.142% → 0.000%: −$14.16
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$15.09
Costs to cover: 0.190%
Break-even: 12.8 days

Slippage unknown: Bybit: live order book, 5 min ago; SoDEX: 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 Bybit live order book, 5 min ago	0.51 bp	13.4 bp −$13	36.7 bp −$367	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0964%	1h	0.9874	−0.101%	$170K	$23K	25x	as long as short
Kraken Futures PF_FILUSD	−0.0695%	1h	0.9878	−0.066%	$1.3M	$2.3M	50x	as long as short
Coinbase International FIL-PERP-INTX	−0.0376%	1h	0.9880	−0.040%	$317K	$1.9M	50x	as long as short
Injective FIL/USDC PERP	−0.0252%	1h	0.9855	−0.293%	$2K	$240K	12x	as long as short
Bitget FILUSDT	−0.0014%	8h	0.9879	−0.051%	$11.0M	$21.5M	75x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9873	−0.113%	$25K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9885	+0.007%	$58K	$2K	10x	as long as short
KuCoin FILUSDTM	+0.0009%	8h	0.9880	−0.040%	$7.4M	$7.0M	50x	as long as short
Bybit FILUSDTlong	+0.0014%	8h	0.9884	long leg	$15.5M	$18.0M	25x
OKX FIL-USDT-SWAP	+0.0031%	8h	0.9884	0.000%	$18.1M	$97.5M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter FIL	+0.0064%	1h	0.9878	−0.057%	$158K	$349K	5x	as long as short
Extended FIL-USD	+0.0072%	1h	0.9879	−0.049%	$689K	$2.3M	10x	as long as short
MEXC FIL_USDC	+0.0074%	8h	0.9869	−0.152%	$251K	$104K	50x	as long as short
Binance FILUSDT	+0.0075%	8h	0.9883	−0.013%	$56.7M	$175.3M	75x	as long as short
BingX FIL-USDT	+0.0077%	8h	0.9881	−0.030%	—	$11.9M	—	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9884	+0.002%	$8.6M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9886	+0.019%	$496K	$525K	20x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9884	0.000%	$7.8M	$16.2M	50x	as long as short
Variational Omni FIL	+0.0100%	8h	0.9864	−0.200%	$439K	$277K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9883	−0.011%	$45K	$294K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9852	−0.326%	$286K	$803K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9890	+0.061%	$30K	$198K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9877	−0.068%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9860	−0.243%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USDshort	+0.0100%	1h	0.9870	−0.142%	$490	$11K	5x
HTX FIL-USDT	+0.0100%	8h	0.9871	−0.132%	$626K	$5.6M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9870	−0.142%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0195%	8h	0.9877	−0.071%	$2.7M	$656K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0598% / S −0.0709%	1h	0.9872	−0.117%	$206K	—	100x	as long as short