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

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against edgeX+0.316%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$790.786% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.220%−$22 · spread now +0.316%, 7d avg +0.027%
Together, before fees−0.220%+ Points / potential airdropedgeX: Active · farm board−$22 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: Phemex is 0.289% dearer against edgeX than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX FILUSDC0.98990.0100pay 0.0050% / 4h2h 16m$45K$297K10x
ShortPhemex FILUSDT0.99300.0100get 0.0100% / 8h2h 16m$1.2M$2.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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: +0.316% → +0.027%
$28.9
Slippage, 4 orders
−$57.62
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$49.71
Costs to cover
0.786%
Break-even
never at this rate
Slippage from edgeX: live order book, 31 min ago; Phemex: live order book, 2 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, 31 min ago3.52 bp8.9 bp −$9109.3 bp −$1,093doesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago10.05 bp29.4 bp −$2998.2 bp −$982doesn'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
Deribit FIL_USDC-PERPETUAL−0.0353%1h0.9946+0.477%$171K$23K25xas long as short
Coinbase International FIL-PERP-INTX−0.0240%1h0.9950+0.518%$341K$2.2M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9942+0.438%$26K150xas long as short
dYdX FIL-USD0.0000%1h0.9949+0.510%$58K$1K10xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9855−0.442%$2K$240K12xas long as short
OKX FIL-USDT-SWAP+0.0041%8h0.9942+0.437%$18.0M$109.0M50xas long as short
KuCoin FILUSDTM+0.0058%8h0.9938+0.397%$7.2M$7.9M50xas long as short
Lighter FIL+0.0096%1h0.9940+0.414%$148K$379K5xas long as short
Hyperliquid FIL+0.0100%1h0.9942+0.434%$8.4M$9.4M5xas long as short
Aster FILUSDT+0.0100%8h0.9938+0.393%$507K$613K20xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance FILUSDT+0.0100%8h0.9941+0.427%$56.2M$186.6M75xas long as short
Bybit FILUSDT+0.0100%8h0.9936+0.376%$15.6M$20.6M25xas long as short
Gate FIL_USDT+0.0100%8h0.9939+0.407%$8.3M$16.9M50xas long as short
MEXC FIL_USDC+0.0100%8h0.9938+0.397%$234K$105K50xas long as short
Bitget FILUSDT+0.0100%8h0.9939+0.407%$11.3M$20.1M75xas long as short
BingX FIL-USDT+0.0100%8h0.9939+0.407%$11.9Mas long as short
Variational Omni FIL+0.0100%8h0.9896−0.030%$448K$264Kas long as short
edgeX FILUSDClong+0.0100%4h0.9899long leg$45K$297K10x
GRVT FIL_USDT_Perp+0.0100%8h0.9945+0.465%$298K$1.2M10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9940+0.417%$29K$183K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h0.9952+0.537%$4K$79810xas long as short
SunX FIL-USDT+0.0100%8h0.9950+0.518%$3K$1.2M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9943+0.447%$482$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9947+0.488%$619K$5.8M75xas long as short
Phemex FILUSDTshort+0.0100%8h0.9930+0.316%$1.2M$2.6M50x
Extended FIL-USD+0.0104%1h0.9932+0.340%$696K$1.4M10xas long as short
BloFin FIL-USDT+0.0220%8h0.9946+0.477%$2.7M$694K75xas long as short
Kraken Futures PF_FILUSD+0.0250%1h0.9948+0.494%$1.4M$2.2M50xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0603% / S −0.0280%1h0.9940+0.418%$266K100xas long as short