Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.012%

Price spread now: gTrade (Gains Network) against GRVT+0.305%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on gTrade (Gains Network)

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.305% dearer against GRVT than usual: you sell high and buy low (spread +0.305% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT FIL_USDT_Perp	0.9884	0.0100	pay 0.0100% / 8h	51m 15s	$293K	$798K	10x
Short	gTrade (Gains Network) FIL/USD	0.9914	L −0.0004% / S +0.0006%	pay 0.0001% / 1h	51m 15s	$25K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against GRVT. 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 GRVTbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.305%Rate

Funding earned: −$22.25
Price spread: +0.305% → 0.000%: $30.46
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$10.8
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: GRVT: live order book, 27 min ago; gTrade (Gains Network): no order-book sample. 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 GRVT live order book, 27 min ago	5.05 bp	9.5 bp −$10	66.7 bp −$667	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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	−0.0959%	1h	0.9916	+0.323%	$171K	$23K	25x	as long as short
Kraken Futures PF_FILUSD	−0.0393%	1h	0.9913	+0.294%	$1.4M	$2.4M	50x	as long as short
Coinbase International FIL-PERP-INTX	−0.0352%	1h	0.9927	+0.434%	$320K	$1.9M	50x	as long as short
Injective FIL/USDC PERP	−0.0245%	1h	0.9855	−0.294%	$2K	$240K	12x	as long as short
gTrade (Gains Network) FIL/USDshort	L −0.0004% / S +0.0006%	1h	0.9914	+0.305%	$25K	—	150x
KuCoin FILUSDTM	−0.0002%	8h	0.9910	+0.262%	$7.4M	$7.1M	50x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9911	+0.273%	$58K	$2K	10x	as long as short
Bitget FILUSDT	+0.0023%	8h	0.9913	+0.292%	$11.0M	$21.6M	75x	as long as short
OKX FIL-USDT-SWAP	+0.0026%	8h	0.9909	+0.252%	$18.2M	$98.9M	50x	as long as short
Bybit FILUSDT	+0.0044%	8h	0.9912	+0.282%	$15.5M	$18.2M	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC FIL_USDC	+0.0063%	8h	0.9904	+0.201%	$252K	$103K	50x	as long as short
Extended FIL-USD	+0.0064%	1h	0.9905	+0.212%	$693K	$2.3M	10x	as long as short
Binance FILUSDT	+0.0065%	8h	0.9909	+0.252%	$57.4M	$177.8M	75x	as long as short
BingX FIL-USDT	+0.0074%	8h	0.9908	+0.242%	—	$11.9M	—	as long as short
Lighter FIL	+0.0088%	1h	0.9905	+0.209%	$159K	$347K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9910	+0.259%	$8.6M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9914	+0.306%	$499K	$529K	20x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9913	+0.292%	$7.9M	$16.2M	50x	as long as short
Variational Omni FIL	+0.0100%	8h	0.9896	+0.122%	$441K	$277K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9884	+0.001%	$45K	$293K	10x	as long as short
GRVT FIL_USDT_Perplong	+0.0100%	8h	0.9884	long leg	$293K	$798K	10x
ApeX Omni FILUSDT	+0.0100%	1h	0.9920	+0.363%	$30K	$197K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9918	+0.343%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9900	+0.161%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9909	+0.252%	$485	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9914	+0.302%	$632K	$5.6M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9920	+0.363%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0185%	8h	0.9910	+0.262%	$2.7M	$556K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0573% / S −0.0666%	1h	0.9913	+0.289%	$197K	—	100x	as long as short