Settings8H · net · $10k
Funding arb · Price arb /

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%
Price spread now: Hyperliquid against edgeX+0.405%7-day average +0.191% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$360.360% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.144%+$14 on $10k
Price spread, last 3 days (all we have)−0.393%−$39 · spread now +0.405%, 7d avg +0.191%
Together, before fees−0.249%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.214% dearer against edgeX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.191%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX FILUSDC0.98650.0100pay 0.0050% / 4h1h 21m$45K$293K10x
ShortHyperliquid FIL0.99050.0100get 0.0013% / 1h21m 05s$8.7M$9.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.405% → +0.191%
$21.43
Slippage, 4 orders
−$18.03
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$14.6
Costs to cover
0.360%
Break-even
never at this rate
Slippage from edgeX: live order book, 62 min ago; Hyperliquid: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 62 min ago3.56 bp8.9 bp −$990.8 bp −$908doesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago1.47 bp10.8 bp −$11doesn't fitdoesn't fitdoesn't fit

FIL on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_FILUSD−0.0693%1h0.9910+0.459%$1.3M$2.3M50xas long as short
Deribit FIL_USDC-PERPETUAL−0.0657%1h0.9911+0.470%$171K$23K25xas long as short
Coinbase International FIL-PERP-INTX−0.0376%1h0.9904+0.399%$318K$1.9M50xas long as short
Injective FIL/USDC PERP−0.0252%1h0.9855−0.098%$2K$240K12xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9904+0.400%$25K150xas long as short
Bitget FILUSDT−0.0003%8h0.9902+0.379%$10.8M$21.6M75xas long as short
dYdX FIL-USD0.0000%1h0.9904+0.395%$58K$2K10xas long as short
KuCoin FILUSDTM+0.0011%8h0.9909+0.450%$7.4M$7.0M50xas long as short
Bybit FILUSDT+0.0024%8h0.9908+0.439%$15.4M$18.1M25xas long as short
OKX FIL-USDT-SWAP+0.0032%8h0.9905+0.409%$18.1M$98.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC FIL_USDC+0.0077%8h0.9901+0.368%$252K$104K50xas long as short
BingX FIL-USDC+0.0078%8h0.9904+0.399%$6.5Mas long as short
Binance FILUSDT+0.0080%8h0.9908+0.439%$57.1M$175.8M75xas long as short
Extended FIL-USD+0.0080%1h0.9904+0.396%$689K$2.3M10xas long as short
Lighter FIL+0.0096%1h0.9902+0.381%$159K$349K5xas long as short
Hyperliquid FILshort+0.0100%1h0.9905+0.405%$8.7M$9.5M5x
Aster FILUSDT+0.0100%8h0.9907+0.432%$498K$525K20xas long as short
Gate FIL_USDT+0.0100%8h0.9904+0.399%$7.9M$16.3M50xas long as short
Variational Omni FIL+0.0100%8h0.9867+0.027%$439K$277Kas long as short
edgeX FILUSDClong+0.0100%4h0.9865long leg$45K$293K10x
GRVT FIL_USDT_Perp+0.0100%8h0.9876+0.119%$287K$790K10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9870+0.054%$30K$197K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h0.9911+0.475%$5K10xas long as short
SunX FIL-USDT+0.0100%8h0.9900+0.358%$2K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9904+0.399%$488$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9902+0.379%$628K$5.6M75xas long as short
Phemex FILUSDT+0.0100%8h0.9910+0.460%$1.1M$2.3M50xas long as short
BloFin FIL-USDT+0.0200%8h0.9896+0.318%$2.7M$657K75xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0598% / S −0.0709%1h0.9902+0.375%$207K100xas long as short