Funding arb · Price arb /

FIL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: edgeX against gTrade (Gains Network)−0.278%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 edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.278% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.278% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 8.9 days 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	0.9923	L −0.0004% / S +0.0006%	get 0.0000% / 1h	49m 03s	$25K	—	150x
Short	edgeX FILUSDC	0.9895	0.0100	get 0.0050% / 4h	3h 49m	$45K	$296K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.278%Rate

Funding earned: $21.79
Price spread: −0.278% → 0.000%: −$27.84
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$25.05
Costs to cover: 0.190%
Break-even: 15.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 49 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 edgeX live order book, 49 min ago	3.54 bp	8.7 bp −$9	106.1 bp −$1,061	doesn't fit	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	−0.0153%	1h	0.9927	+0.043%	$171K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0056%	1h	0.9919	−0.037%	$355K	$2.2M	50x	as long as short
gTrade (Gains Network) FIL/USDlong	L −0.0004% / S +0.0006%	1h	0.9923	long leg	$25K	—	150x
dYdX FIL-USD	0.0000%	1h	0.9917	−0.055%	$58K	$2K	10x	as long as short
Bybit FILUSDT	+0.0022%	8h	0.9919	−0.037%	$15.4M	$20.3M	25x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.682%	$2K	$240K	12x	as long as short
KuCoin FILUSDTM	+0.0083%	8h	0.9921	−0.017%	$7.1M	$7.8M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9917	−0.054%	$144K	$345K	5x	as long as short
Kraken Futures PF_FILUSD	+0.0098%	1h	0.9926	+0.030%	$1.4M	$2.1M	50x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9926	+0.030%	$8.3M	$9.4M	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster FILUSDT	+0.0100%	8h	0.9924	+0.013%	$506K	$552K	20x	as long as short
Binance FILUSDT	+0.0100%	8h	0.9922	−0.007%	$56.1M	$183.5M	75x	as long as short
OKX FIL-USDT-SWAP	+0.0100%	8h	0.9919	−0.037%	$17.6M	$107.3M	50x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9920	−0.027%	$8.3M	$16.2M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9917	−0.058%	$230K	$98K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9919	−0.037%	$11.2M	$19.6M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9917	−0.058%	—	$11.8M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9910	−0.129%	$440K	$279K	—	as long as short
edgeX FILUSDCshort	+0.0100%	4h	0.9895	−0.278%	$45K	$296K	10x
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9897	−0.256%	$287K	$1.5M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9910	−0.128%	$27K	$181K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9931	+0.088%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9920	−0.027%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9920	−0.027%	$475	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9929	+0.063%	$618K	$5.5M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9910	−0.128%	$1.2M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9919	−0.039%	$697K	$4.2M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9922	−0.007%	$2.7M	$659K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0601% / S −0.0280%	1h	0.9923	+0.002%	$265K	—	100x	as long as short