Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.005%

Price spread now: Bitget against dYdX−0.119%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 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. Bitget is 0.119% cheaper against dYdX than usual: you would sell low and buy high (spread −0.119% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.0 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	dYdX FIL-USD	1.0099	0	get 0.0000% / 1h	16m 24s	$59K	$2K	10x
Short	Bitget FILUSDT	1.0087	0.0100	get 0.0100% / 8h	5h 16m	$11.0M	$19.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.119%Rate

Funding earned: $21
Price spread: −0.119% → 0.000%: −$11.92
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.92
Costs to cover: 0.220%
Break-even: 11.3 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.99 bp	11.1 bp −$11	17.4 bp −$174	38.9 bp −$3,887	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
Coinbase International FIL-PERP-INTX	−0.0256%	1h	1.0100	+0.010%	$380K	$2.2M	50x	as long as short
Kraken Futures PF_FILUSD	−0.0126%	1h	1.0106	+0.066%	$1.4M	$2.3M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0060%	8h	1.0089	−0.099%	$19.2M	$102.0M	50x	as long as short
KuCoin FILUSDTM	−0.0020%	8h	1.0091	−0.080%	$7.5M	$7.2M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0003% / S +0.0006%	1h	1.0092	−0.065%	$27K	—	150x	as long as short
dYdX FIL-USDlong	0.0000%	1h	1.0099	long leg	$59K	$2K	10x
Deribit FIL_USDC-PERPETUAL	0.0000%	1h	1.0108	+0.089%	$174K	$23K	25x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−2.416%	$2K	$240K	12x	as long as short
Extended FIL-USD	+0.0072%	1h	1.0088	−0.111%	$712K	$3.3M	10x	as long as short
Binance FILUSDT	+0.0073%	8h	1.0092	−0.070%	$58.8M	$178.6M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC FIL_USDC	+0.0090%	8h	1.0086	−0.129%	$245K	$104K	50x	as long as short
Lighter FIL	+0.0096%	1h	1.0091	−0.085%	$160K	$353K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	1.0090	−0.090%	$8.7M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	1.0096	−0.026%	$513K	$577K	20x	as long as short
Bybit FILUSDT	+0.0100%	8h	1.0088	−0.109%	$15.9M	$19.5M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	1.0096	−0.030%	$8.6M	$16.5M	50x	as long as short
Bitget FILUSDTshort	+0.0100%	8h	1.0087	−0.119%	$11.0M	$19.9M	75x
BingX FIL-USDT	+0.0100%	8h	1.0089	−0.099%	—	$11.8M	—	as long as short
Variational Omni FIL	+0.0100%	8h	1.0078	−0.207%	$454K	$265K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	1.0080	−0.189%	$46K	$296K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	1.0082	−0.172%	$293K	$896K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	1.0090	−0.090%	$30K	$182K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	1.0102	+0.027%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	1.0090	−0.090%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	1.0096	−0.030%	$484	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	1.0096	−0.030%	$637K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	1.0100	+0.010%	$1.1M	$2.5M	50x	as long as short
BloFin FIL-USDT	+0.0192%	8h	1.0103	+0.039%	$2.8M	$651K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0577% / S −0.0237%	1h	1.0095	−0.041%	$269K	—	100x	as long as short