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 +0.030%

Price spread now: SunX against dYdX−0.175%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 SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 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. SunX is 0.175% cheaper against dYdX than usual: you would sell low and buy high (spread −0.175% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.8 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	1.0028	0	get 0.0000% / 1h	36m 32s	$58K	$2K	10x
Short	SunX FIL-USDT	1.0010	0.0100	get 0.0100% / 8h	5h 36m	$3K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.175%Rate

Funding earned: $21
Price spread: −0.175% → 0.000%: −$17.5
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.5
Costs to cover: 0.180%
Break-even: 11.8 days

Slippage unknown: dYdX: no order-book sample; SunX: 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 SunX live order book, 7 min ago	24.84 bp	137.9 bp −$138	424.1 bp −$4,241	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
Coinbase International FIL-PERP-INTX	−0.0256%	1h	1.0029	+0.014%	$379K	$2.1M	50x	as long as short
Kraken Futures PF_FILUSD	−0.0127%	1h	1.0024	−0.035%	$1.4M	$2.3M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0059%	8h	1.0029	+0.014%	$18.8M	$100.4M	50x	as long as short
Deribit FIL_USDC-PERPETUAL	−0.0049%	1h	1.0023	−0.045%	$172K	$23K	25x	as long as short
KuCoin FILUSDTM	−0.0035%	8h	1.0020	−0.075%	$7.4M	$7.2M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0003% / S +0.0006%	1h	1.0020	−0.073%	$27K	—	150x	as long as short
dYdX FIL-USDlong	0.0000%	1h	1.0028	long leg	$58K	$2K	10x
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−1.721%	$2K	$240K	12x	as long as short
Binance FILUSDT	+0.0056%	8h	1.0032	+0.044%	$58.2M	$177.9M	75x	as long as short
Extended FIL-USD	+0.0056%	1h	1.0030	+0.027%	$708K	$3.3M	10x	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	+0.0081%	8h	1.0020	−0.075%	$243K	$103K	50x	as long as short
Lighter FIL	+0.0096%	1h	1.0029	+0.014%	$159K	$352K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	1.0024	−0.035%	$8.6M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	1.0032	+0.049%	$510K	$577K	20x	as long as short
Bybit FILUSDT	+0.0100%	8h	1.0031	+0.034%	$15.6M	$19.3M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	1.0036	+0.084%	$8.5M	$16.4M	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	1.0031	+0.034%	$11.0M	$20.1M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	1.0035	+0.074%	—	$11.9M	—	as long as short
Variational Omni FIL	+0.0100%	8h	1.0054	+0.259%	$453K	$266K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	1.0050	+0.220%	$46K	$294K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	1.0009	−0.187%	$291K	$880K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	1.0020	−0.075%	$30K	$187K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	1.0028	+0.009%	$5K	—	10x	as long as short
SunX FIL-USDTshort	+0.0100%	8h	1.0010	−0.175%	$3K	$1.1M	20x
SoDEX FIL-USD	+0.0100%	1h	1.0016	−0.115%	$486	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	1.0022	−0.055%	$634K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	1.0010	−0.175%	$1.1M	$2.5M	50x	as long as short
BloFin FIL-USDT	+0.0176%	8h	1.0026	−0.015%	$2.7M	$638K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0574% / S −0.0237%	1h	1.0022	−0.059%	$267K	—	100x	as long as short