Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: SunX against gTrade (Gains Network)−0.033%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 SunX

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—needs both histories

Funding pays, the price is against you. SunX is 0.033% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 25 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	0.9823	L −0.0004% / S +0.0006%	get 0.0000% / 1h	18m 59s	$25K	—	150x
Short	SunX FIL-USDT	0.9820	0.0100	get 0.0100% / 8h	6h 18m	$3K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $21.82
Price spread: −0.033% → 0.000%: −$3.3
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $0.53
Costs to cover: 0.180%
Break-even: 6.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago	25.44 bp	115.3 bp −$115	420.7 bp −$4,207	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 exchanges

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	−0.0157%	1h	0.9828	+0.048%	$168K	$5K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0032%	1h	0.9830	+0.069%	$364K	$2.3M	50x	as long as short
gTrade (Gains Network) FIL/USDlong	L −0.0004% / S +0.0006%	1h	0.9823	long leg	$25K	—	150x
dYdX FIL-USD	0.0000%	1h	0.9824	+0.009%	$57K	$925	10x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	+0.323%	$2K	$240K	12x	as long as short
Bybit FILUSDT	+0.0062%	8h	0.9820	−0.033%	$15.2M	$19.3M	25x	as long as short
Lighter FIL	+0.0096%	1h	0.9820	−0.036%	$144K	$280K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9830	+0.068%	$7.9M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9827	+0.039%	$501K	$438K	20x	as long as short
Binance FILUSDT	+0.0100%	8h	0.9823	−0.007%	$57.1M	$173.8M	75x	as long as short

Show all 29 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX FIL-USDT-SWAP	+0.0100%	8h	0.9821	−0.023%	$17.3M	$101.1M	50x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9824	+0.008%	$8.2M	$15.4M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9819	−0.043%	$227K	$95K	50x	as long as short
KuCoin FILUSDTM	+0.0100%	8h	0.9822	−0.013%	$7.1M	$7.7M	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9823	−0.002%	$11.7M	$19.2M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9823	−0.002%	—	$11.6M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9819	−0.038%	$435K	$277K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9827	+0.036%	$45K	$296K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9823	−0.004%	$296K	$1.7M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9820	−0.033%	$23K	$180K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9836	+0.126%	$4K	$798	10x	as long as short
SunX FIL-USDTshort	+0.0100%	8h	0.9820	−0.033%	$3K	$1.1M	20x
SoDEX FIL-USD	+0.0100%	1h	0.9822	−0.013%	$476	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9833	+0.099%	$626K	$5.2M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9820	−0.033%	$1.3M	$2.5M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9820	−0.037%	$696K	$4.2M	10x	as long as short
Kraken Futures PF_FILUSD	+0.0114%	1h	0.9827	+0.035%	$1.3M	$2.1M	50x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9826	+0.028%	$2.7M	$614K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0595% / S −0.0280%	1h	0.9825	+0.019%	$263K	—	100x	as long as short