Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.026%

Price spread now: BloFin against gTrade (Gains Network)−0.086%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 BloFin

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. BloFin is 0.086% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 31 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) FIL/USD	0.9909	L −0.0004% / S +0.0006%	get 0.0000% / 1h	52m 36s	$26K	—	150x
Short	BloFin FIL-USDT	0.9900	0.0220	get 0.0220% / 8h	2h 52m	$2.7M	$702K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.086%Rate

Funding earned: $46.96
Price spread: −0.086% → 0.000%: −$8.6
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $16.36
Costs to cover: 0.220%
Break-even: 4.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 6 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 BloFin live order book, 6 min ago	1.01 bp	12.6 bp −$13	22.3 bp −$223	51.1 bp −$5,113	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	−0.0758%	1h	0.9911	+0.025%	$171K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0240%	1h	0.9935	+0.267%	$357K	$2.2M	50x	as long as short
gTrade (Gains Network) FIL/USDlong	L −0.0004% / S +0.0006%	1h	0.9909	long leg	$26K	—	150x
dYdX FIL-USD	0.0000%	1h	0.9931	+0.223%	$58K	$1K	10x	as long as short
OKX FIL-USDT-SWAP	+0.0012%	8h	0.9935	+0.267%	$18.0M	$107.7M	50x	as long as short
KuCoin FILUSDTM	+0.0030%	8h	0.9936	+0.277%	$7.2M	$7.9M	50x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.540%	$2K	$240K	12x	as long as short
Lighter FIL	+0.0096%	1h	0.9928	+0.195%	$145K	$376K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9928	+0.195%	$8.4M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9939	+0.309%	$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 FILUSDT	+0.0100%	8h	0.9937	+0.286%	$56.4M	$186.0M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9933	+0.247%	$15.8M	$20.5M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9935	+0.267%	$8.4M	$16.7M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9934	+0.257%	$234K	$103K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9936	+0.277%	$11.2M	$20.6M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9935	+0.267%	—	$11.9M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9930	+0.214%	$449K	$265K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9914	+0.055%	$45K	$296K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9951	+0.428%	$301K	$1.1M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9950	+0.419%	$30K	$182K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9917	+0.085%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9900	−0.086%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9908	−0.005%	$484	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9905	−0.036%	$616K	$5.9M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9910	+0.015%	$1.2M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9939	+0.307%	$696K	$1.4M	10x	as long as short
BloFin FIL-USDTshort	+0.0220%	8h	0.9900	−0.086%	$2.7M	$702K	75x
Kraken Futures PF_FILUSD	+0.0251%	1h	0.9917	+0.084%	$1.4M	$2.2M	50x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0590% / S −0.0265%	1h	0.9911	+0.022%	$264K	—	100x	as long as short