Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.010%

Price spread now: GRVT against dYdX−0.113%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 GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.190%+$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.113% cheaper against dYdX than usual: you would sell low and buy high (spread −0.113% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.8 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	0.9933	0	get 0.0000% / 1h	10m 46s	$58K	$2K	10x
Short	GRVT FIL_USDT_Perp	0.9921	0.0100	get 0.0100% / 8h	1h 10m	$288K	$790K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.113%Rate

Funding earned: $21
Price spread: −0.113% → 0.000%: −$11.34
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$9.34
Costs to cover: 0.190%
Break-even: 10.1 days

Slippage unknown: dYdX: no order-book sample; GRVT: live order book, 7 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 GRVT live order book, 7 min ago	5.05 bp	36.0 bp −$36	322.3 bp −$3,223	doesn't fit	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
Kraken Futures PF_FILUSD	−0.0691%	1h	0.9931	−0.019%	$1.3M	$2.3M	50x	as long as short
Deribit FIL_USDC-PERPETUAL	−0.0655%	1h	0.9935	+0.024%	$171K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0376%	1h	0.9929	−0.036%	$319K	$1.9M	50x	as long as short
Injective FIL/USDC PERP	−0.0252%	1h	0.9855	−0.781%	$2K	$240K	12x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9932	−0.005%	$25K	—	150x	as long as short
dYdX FIL-USDlong	0.0000%	1h	0.9933	long leg	$58K	$2K	10x
Bitget FILUSDT	+0.0007%	8h	0.9920	−0.127%	$10.8M	$21.6M	75x	as long as short
KuCoin FILUSDTM	+0.0013%	8h	0.9926	−0.067%	$7.4M	$7.0M	50x	as long as short
Bybit FILUSDT	+0.0033%	8h	0.9924	−0.087%	$15.4M	$18.1M	25x	as long as short
OKX FIL-USDT-SWAP	+0.0039%	8h	0.9922	−0.107%	$18.2M	$98.3M	50x	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	+0.0076%	8h	0.9923	−0.097%	$252K	$105K	50x	as long as short
Binance FILUSDT	+0.0078%	8h	0.9920	−0.127%	$57.4M	$176.3M	75x	as long as short
Extended FIL-USD	+0.0080%	1h	0.9921	−0.116%	$692K	$2.3M	10x	as long as short
BingX FIL-USDT	+0.0080%	8h	0.9920	−0.127%	—	$11.9M	—	as long as short
Lighter FIL	+0.0096%	1h	0.9916	−0.171%	$159K	$349K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9924	−0.086%	$8.7M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9930	−0.026%	$499K	$525K	20x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9923	−0.097%	$7.9M	$16.3M	50x	as long as short
Variational Omni FIL	+0.0100%	8h	0.9909	−0.235%	$441K	$277K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9918	−0.148%	$45K	$292K	10x	as long as short
GRVT FIL_USDT_Perpshort	+0.0100%	8h	0.9921	−0.113%	$288K	$790K	10x
ApeX Omni FILUSDT	+0.0100%	1h	0.9920	−0.127%	$30K	$197K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9937	+0.039%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9920	−0.127%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9926	−0.067%	$492	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9932	−0.006%	$628K	$5.6M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9930	−0.026%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0198%	8h	0.9923	−0.097%	$2.7M	$659K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0601% / S −0.0709%	1h	0.9932	−0.009%	$208K	—	100x	as long as short