Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0428%/8h= −46.9% APRpaid last 24h −0.140%

Price spread now: Coinbase International against edgeX−0.192%77s7-day average +0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as 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−$430.432% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.328%−$33 on $10k

Price spread, last 3 days (all we have)+0.360%+$36 · spread now −0.192%, 7d avg +0.145%

Together, before fees+0.032%+ Points / potential airdropedgeX: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Coinbase International is 0.337% cheaper against edgeX than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.145%). Swap the legs. 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	edgeX FILUSDC	0.9881	0.0100	pay 0.0050% / 4h	3h 40m	$45K	$293K	10x
Short	Coinbase International FIL-PERP-INTX	0.9862	−0.0328	pay 0.0041% / 1h	40m 10s	$316K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.192%Rate

Funding earned: −$89.88
Price spread: −0.192% → +0.145%: −$33.72
Slippage, 4 orders: −$24.16
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$166.76
Costs to cover: 0.432%
Break-even: never at this rate

Slippage from edgeX: live order book, 33 min ago; Coinbase International: live order book, 3 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 edgeX live order book, 33 min ago	3.56 bp	9.0 bp −$9	87.2 bp −$872	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.07 bp	13.1 bp −$13	16.6 bp −$166	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	−0.0763%	1h	0.9861	−0.202%	$170K	$23K	25x	as long as short
Kraken Futures PF_FILUSD	−0.0333%	1h	0.9857	−0.240%	$1.3M	$2.4M	50x	as long as short
Coinbase International FIL-PERP-INTXshort	−0.0328%	1h	0.9862	−0.192%	$316K	$1.8M	50x
KuCoin FILUSDTM	−0.0040%	8h	0.9855	−0.263%	$7.4M	$7.1M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0032%	8h	0.9850	−0.314%	$17.9M	$98.5M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9860	−0.211%	$25K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9860	−0.208%	$57K	$2K	10x	as long as short
Extended FIL-USD	+0.0032%	1h	0.9851	−0.308%	$689K	$3.2M	10x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.263%	$2K	$240K	12x	as long as short
Binance FILUSDT	+0.0035%	8h	0.9850	−0.317%	$56.8M	$179.0M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget FILUSDT	+0.0059%	8h	0.9856	−0.253%	$10.8M	$21.5M	75x	as long as short
MEXC FIL_USDC	+0.0060%	8h	0.9848	−0.334%	$247K	$104K	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9848	−0.331%	$159K	$346K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9854	−0.271%	$8.5M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9860	−0.213%	$493K	$553K	20x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9853	−0.283%	$15.3M	$18.3M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9854	−0.273%	$8.2M	$16.1M	50x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9852	−0.294%	—	$11.9M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9882	+0.010%	$443K	$279K	—	as long as short
edgeX FILUSDClong	+0.0100%	4h	0.9881	long leg	$45K	$293K	10x
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9890	+0.086%	$292K	$812K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9870	−0.111%	$30K	$196K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9867	−0.145%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9850	−0.314%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9851	−0.304%	$483	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9870	−0.111%	$629K	$5.7M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9850	−0.314%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0138%	8h	0.9875	−0.061%	$2.7M	$571K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0538% / S −0.0538%	1h	0.9860	−0.213%	$196K	—	100x	as long as short