Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.3% APRpaid last 24h +0.002%

Price spread now: Binance against gTrade (Gains Network)−0.034%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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. Binance is 0.034% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) FIL/USD	0.9934	L −0.0004% / S +0.0006%	get 0.0000% / 1h	55m 54s	$26K	—	150x
Short	Binance FILUSDT	0.9931	0.0100	get 0.0100% / 8h	2h 55m	$56.5M	$186.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.034%Rate

Funding earned: $21.76
Price spread: −0.034% → 0.000%: −$3.43
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1.68
Costs to cover: 0.200%
Break-even: 7.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 2 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	0.50 bp	9.5 bp −$9	18.3 bp −$183	61.2 bp −$6,119	doesn't fit

gTrade (Gains Network): 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
Deribit FIL_USDC-PERPETUAL	−0.0655%	1h	0.9938	+0.036%	$171K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0240%	1h	0.9937	+0.026%	$357K	$2.2M	50x	as long as short
gTrade (Gains Network) FIL/USDlong	L −0.0004% / S +0.0006%	1h	0.9934	long leg	$26K	—	150x
dYdX FIL-USD	0.0000%	1h	0.9940	+0.056%	$58K	$1K	10x	as long as short
OKX FIL-USDT-SWAP	+0.0011%	8h	0.9931	−0.034%	$18.0M	$107.4M	50x	as long as short
KuCoin FILUSDTM	+0.0029%	8h	0.9935	+0.006%	$7.2M	$7.8M	50x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.799%	$2K	$240K	12x	as long as short
Lighter FIL	+0.0096%	1h	0.9927	−0.079%	$145K	$376K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9930	−0.046%	$8.4M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9935	+0.009%	$507K	$613K	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance FILUSDTshort	+0.0100%	8h	0.9931	−0.034%	$56.5M	$186.0M	75x
Bybit FILUSDT	+0.0100%	8h	0.9933	−0.014%	$15.8M	$20.5M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9935	+0.006%	$8.4M	$16.7M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9934	−0.004%	$234K	$102K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9930	−0.044%	$11.2M	$20.5M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9933	−0.014%	—	$11.9M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9930	−0.047%	$449K	$265K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9894	−0.402%	$45K	$297K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9898	−0.367%	$287K	$1.1M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9900	−0.346%	$30K	$182K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9940	+0.057%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9920	−0.145%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9930	−0.044%	$479	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9937	+0.026%	$617K	$5.9M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9920	−0.145%	$1.2M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9930	−0.041%	$696K	$1.4M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9905	−0.296%	$2.7M	$703K	75x	as long as short
Kraken Futures PF_FILUSD	+0.0250%	1h	0.9937	+0.024%	$1.4M	$2.2M	50x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0590% / S −0.0264%	1h	0.9934	−0.001%	$265K	—	100x	as long as short