Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.152%

Price spread now: edgeX against Coinbase International+0.016%77s7-day average −0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.412% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.332%+$33 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.016%, 7d avg −0.131%

Together, before fees+0.115%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and edgeX is 0.148% dearer against Coinbase International than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.131%. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International FIL-PERP-INTX	0.9947	−0.0240	get 0.0030% / 1h	7m 52s	$357K	$2.1M	50x
Short	edgeX FILUSDC	0.9949	0.0100	get 0.0050% / 4h	3h 07m	$45K	$295K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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 Coinbase InternationalbpFee edgeXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $71.4
Price spread: +0.016% → −0.131%: $14.78
Slippage, 4 orders: −$22.23
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $44.94
Costs to cover: 0.412%
Break-even: 2.6 days

Slippage from Coinbase International: live order book, 1 min ago; edgeX: live order book, 45 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 Coinbase International live order book, 1 min ago	6.05 bp	12.6 bp −$13	16.8 bp −$168	doesn't fit	doesn't fit
Sell edgeX live order book, 45 min ago	3.47 bp	8.4 bp −$8	88.8 bp −$888	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-PERPETUAL	−0.0655%	1h	0.9937	−0.101%	$171K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTXlong	−0.0240%	1h	0.9947	long leg	$357K	$2.1M	50x
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9932	−0.151%	$26K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9920	−0.271%	$58K	$2K	10x	as long as short
OKX FIL-USDT-SWAP	+0.0002%	8h	0.9939	−0.080%	$18.2M	$106.1M	50x	as long as short
KuCoin FILUSDTM	+0.0023%	8h	0.9934	−0.131%	$7.3M	$7.8M	50x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.925%	$2K	$240K	12x	as long as short
Kraken Futures PF_FILUSD	+0.0067%	1h	0.9940	−0.067%	$1.4M	$2.2M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9936	−0.112%	$148K	$370K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9937	−0.098%	$8.4M	$9.5M	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster FILUSDT	+0.0100%	8h	0.9943	−0.038%	$507K	$613K	20x	as long as short
Binance FILUSDT	+0.0100%	8h	0.9939	−0.085%	$56.8M	$184.9M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9936	−0.111%	$15.8M	$20.4M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9938	−0.090%	$8.4M	$16.9M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9940	−0.070%	$234K	$105K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9934	−0.131%	$11.2M	$20.4M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9936	−0.111%	—	$11.8M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9934	−0.134%	$450K	$265K	—	as long as short
edgeX FILUSDCshort	+0.0100%	4h	0.9949	+0.016%	$45K	$295K	10x
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9949	+0.016%	$288K	$1.1M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9960	+0.131%	$30K	$182K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9943	−0.041%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9920	−0.271%	$2K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9932	−0.151%	$478	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9929	−0.181%	$616K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9930	−0.171%	$1.2M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9934	−0.129%	$696K	$1.4M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9930	−0.171%	$2.7M	$704K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0586% / S −0.0258%	1h	0.9932	−0.152%	$265K	—	100x	as long as short