Funding arb · Price arb /

FIL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.003%

Price spread now: dYdX against KuCoin−0.040%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

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. dYdX is 0.040% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 9.5 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FILUSDTM	1.0073	−0.0014	get 0.0014% / 8h	5h 10m	$7.5M	$7.3M	50x
Short	dYdX FIL-USD	1.0069	0	get 0.0000% / 1h	10m 17s	$59K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. 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 KuCoinbpFee dYdXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $2.94
Price spread: −0.040% → 0.000%: −$3.98
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$23.04
Costs to cover: 0.220%
Break-even: 61.9 days

Slippage unknown: KuCoin: live order book, 8 min ago; dYdX: 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 KuCoin live order book, 8 min ago	1.98 bp	17.1 bp −$17	42.9 bp −$429	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0445%	1h	1.0071	−0.020%	$173K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0256%	1h	1.0070	−0.030%	$377K	$2.2M	50x	as long as short
Kraken Futures PF_FILUSD	−0.0127%	1h	1.0069	−0.039%	$1.4M	$2.3M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0062%	8h	1.0061	−0.119%	$19.0M	$102.3M	50x	as long as short
KuCoin FILUSDTMlong	−0.0014%	8h	1.0073	long leg	$7.5M	$7.3M	50x
gTrade (Gains Network) FIL/USD	L −0.0003% / S +0.0006%	1h	1.0065	−0.076%	$27K	—	150x	as long as short
dYdX FIL-USDshort	0.0000%	1h	1.0069	−0.040%	$59K	$2K	10x
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−2.164%	$2K	$240K	12x	as long as short
Extended FIL-USD	+0.0072%	1h	1.0058	−0.148%	$712K	$3.3M	10x	as long as short
Binance FILUSDT	+0.0075%	8h	1.0061	−0.122%	$58.6M	$179.8M	75x	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	+0.0091%	8h	1.0073	0.000%	$244K	$105K	50x	as long as short
Lighter FIL	+0.0096%	1h	1.0062	−0.105%	$159K	$353K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	1.0069	−0.040%	$8.7M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	1.0078	+0.047%	$512K	$586K	20x	as long as short
Bybit FILUSDT	+0.0100%	8h	1.0060	−0.129%	$15.9M	$19.6M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	1.0064	−0.089%	$8.6M	$16.6M	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	1.0061	−0.119%	$11.2M	$20.3M	75x	as long as short
BingX FIL-USDC	+0.0100%	8h	1.0064	−0.089%	—	$6.5M	—	as long as short
Variational Omni FIL	+0.0100%	8h	1.0047	−0.263%	$452K	$265K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	1.0083	+0.104%	$46K	$294K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	1.0073	+0.004%	$299K	$905K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	1.0090	+0.169%	$30K	$182K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	1.0073	+0.004%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	1.0060	−0.129%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	1.0061	−0.119%	$482	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	1.0054	−0.189%	$630K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	1.0060	−0.129%	$1.1M	$2.5M	50x	as long as short
BloFin FIL-USDT	+0.0195%	8h	1.0050	−0.228%	$2.8M	$649K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0576% / S −0.0237%	1h	1.0065	−0.079%	$269K	—	100x	as long as short