Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.004%

Price spread now: MEXC against gTrade (Gains Network)−0.081%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 MEXC

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. MEXC is 0.081% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 5.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) FIL/USD	0.9855	L −0.0004% / S +0.0006%	get 0.0001% / 1h	26m 20s	$24K	—	150x
Short	MEXC FIL_USDC	0.9847	0.0050	get 0.0050% / 8h	26m 20s	$250K	$104K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.081%Rate

Funding earned: $11.38
Price spread: −0.081% → 0.000%: −$8.1
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$6.72
Costs to cover: 0.100%
Break-even: 11.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 33 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 MEXC live order book, 33 min ago	1.01 bp	7.4 bp −$7	14.8 bp −$148	73.6 bp −$7,364	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	−0.0764%	1h	0.9856	+0.010%	$170K	$23K	25x	as long as short
Kraken Futures PF_FILUSD	−0.0395%	1h	0.9851	−0.042%	$1.3M	$2.4M	50x	as long as short
Coinbase International FIL-PERP-INTX	−0.0352%	1h	0.9859	+0.041%	$316K	$1.9M	50x	as long as short
Injective FIL/USDC PERP	−0.0245%	1h	0.9855	0.000%	$2K	$240K	12x	as long as short
KuCoin FILUSDTM	−0.0015%	8h	0.9850	−0.051%	$7.4M	$7.1M	50x	as long as short
gTrade (Gains Network) FIL/USDlong	L −0.0004% / S +0.0006%	1h	0.9855	long leg	$24K	—	150x
dYdX FIL-USD	0.0000%	1h	0.9866	+0.110%	$58K	$2K	10x	as long as short
OKX FIL-USDT-SWAP	+0.0011%	8h	0.9845	−0.101%	$18.1M	$98.7M	50x	as long as short
Bitget FILUSDT	+0.0032%	8h	0.9852	−0.030%	$10.9M	$21.6M	75x	as long as short
Binance FILUSDT	+0.0047%	8h	0.9848	−0.073%	$57.1M	$178.9M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended FIL-USD	+0.0048%	1h	0.9845	−0.103%	$689K	$2.3M	10x	as long as short
Bybit FILUSDT	+0.0049%	8h	0.9850	−0.051%	$15.4M	$18.3M	25x	as long as short
MEXC FIL_USDCshort	+0.0050%	8h	0.9847	−0.081%	$250K	$104K	50x
BingX FIL-USDT	+0.0051%	8h	0.9850	−0.051%	—	$11.9M	—	as long as short
Gate FIL_USDT	+0.0086%	8h	0.9853	−0.020%	$8.0M	$16.4M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9852	−0.031%	$158K	$348K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9852	−0.031%	$8.5M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9852	−0.029%	$497K	$545K	20x	as long as short
Variational Omni FIL	+0.0100%	8h	0.9855	+0.004%	$439K	$277K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9848	−0.075%	$45K	$292K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9835	−0.207%	$293K	$805K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9850	−0.051%	$30K	$197K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9859	+0.045%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9860	+0.051%	$2K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9845	−0.101%	$483	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9872	+0.173%	$630K	$5.7M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9850	−0.051%	$1.1M	$2.4M	50x	as long as short
BloFin FIL-USDT	+0.0168%	8h	0.9853	−0.020%	$2.7M	$570K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0571% / S −0.0666%	1h	0.9853	−0.015%	$196K	—	100x	as long as short