Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.008%

Price spread now: Binance against dYdX−0.102%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

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. Binance is 0.102% cheaper against dYdX than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.089% in total) that is about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX FIL-USD	0.9810	0	get 0.0000% / 1h	33m 30s	$57K	$2K	10x
Short	Binance FILUSDT	0.9800	0.0100	get 0.0100% / 8h	2h 33m	$56.1M	$175.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.102%Rate

Funding earned: $21
Price spread: −0.102% → 0.000%: −$10.19
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$9.19
Costs to cover: 0.200%
Break-even: 10.1 days

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 10 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	0.51 bp	5.9 bp −$6	8.8 bp −$88	54.3 bp −$5,430	doesn't fit

dYdX: 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	−0.0768%	1h	0.9811	+0.010%	$169K	$23K	25x	as long as short
Kraken Futures PF_FILUSD	−0.0625%	1h	0.9807	−0.030%	$1.4M	$2.3M	50x	as long as short
Lighter FIL	−0.0424%	1h	0.9796	−0.148%	$156K	$332K	5x	as long as short
Coinbase International FIL-PERP-INTX	−0.0328%	1h	0.9816	+0.061%	$314K	$1.9M	50x	as long as short
Bybit FILUSDT	−0.0071%	8h	0.9803	−0.071%	$15.4M	$18.0M	25x	as long as short
Bitget FILUSDT	−0.0035%	8h	0.9799	−0.112%	$10.8M	$21.9M	75x	as long as short
Hyperliquid FIL	−0.0017%	1h	0.9804	−0.066%	$8.6M	$9.4M	5x	as long as short
Variational Omni FIL	−0.0014%	8h	0.9812	+0.022%	$435K	$276K	—	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9806	−0.036%	$24K	—	150x	as long as short
dYdX FIL-USDlong	0.0000%	1h	0.9810	long leg	$57K	$2K	10x

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX FIL-USDT-SWAP	+0.0013%	8h	0.9801	−0.092%	$18.0M	$96.3M	50x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9751	−0.601%	$2K	$148K	12x	as long as short
KuCoin FILUSDTM	+0.0035%	8h	0.9802	−0.082%	$7.3M	$7.1M	50x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9806	−0.043%	$486K	$514K	20x	as long as short
Binance FILUSDTshort	+0.0100%	8h	0.9800	−0.102%	$56.1M	$175.7M	75x
Gate FIL_USDT	+0.0100%	8h	0.9802	−0.082%	$7.8M	$16.3M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9798	−0.122%	$249K	$104K	50x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9802	−0.082%	—	$11.8M	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9809	−0.009%	$45K	$293K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9812	+0.017%	$287K	$813K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9810	0.000%	$42K	$193K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9813	+0.029%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9810	0.000%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9800	−0.102%	$472	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9809	−0.010%	$619K	$5.7M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9800	−0.102%	$1.0M	$2.2M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9800	−0.097%	$685K	$2.3M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9813	+0.031%	$2.6M	$635K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0613% / S −0.0849%	1h	0.9806	−0.040%	$208K	—	100x	as long as short