Settings8H · net · $10k
Funding arb · Price arb /

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.006%
Price spread now: Bitget against Lighter−0.029%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$490.490% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.053%+$5 on $10k
Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.029%, 7d avg −0.008%
Together, before fees+0.067%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.021% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter FIL0.98630.0096pay 0.0012% / 1h40m 05s$147K$379K5x
ShortBitget FILUSDT0.98600.0100get 0.0100% / 8h2h 40m$11.1M$20.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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

Funding earned
$0.84
Price spread: −0.029% → −0.008%
−$2.13
Slippage, 4 orders
−$37.04
Fee Lighter: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$50.33
Costs to cover
0.490%
Break-even
426.5 days
Slippage from Lighter: live order book, 64 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 64 min ago7.86 bp15.9 bp −$1630.4 bp −$304doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago0.50 bp12.8 bp −$1320.5 bp −$20547.5 bp −$4,749doesn't fit

FIL on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit FIL_USDC-PERPETUAL−0.0863%1h0.9871+0.082%$170K$23K25xas long as short
Coinbase International FIL-PERP-INTX−0.0240%1h0.9864+0.011%$338K$2.2M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9865+0.020%$26K150xas long as short
dYdX FIL-USD0.0000%1h0.9866+0.027%$58K$1K10xas long as short
OKX FIL-USDT-SWAP+0.0019%8h0.9866+0.031%$18.0M$107.3M50xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9855−0.080%$2K$240K12xas long as short
KuCoin FILUSDTM+0.0036%8h0.9860−0.029%$7.2M$7.9M50xas long as short
Lighter FILlong+0.0096%1h0.9863long leg$147K$379K5x
Hyperliquid FIL+0.0100%1h0.9871+0.084%$8.3M$9.5M5xas long as short
Aster FILUSDT+0.0100%8h0.9870+0.077%$503K$613K20xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance FILUSDT+0.0100%8h0.9868+0.052%$55.9M$185.4M75xas long as short
Bybit FILUSDT+0.0100%8h0.9868+0.052%$15.7M$20.5M25xas long as short
Gate FIL_USDT+0.0100%8h0.9868+0.052%$8.3M$16.7M50xas long as short
MEXC FIL_USDC+0.0100%8h0.9872+0.092%$233K$103K50xas long as short
Bitget FILUSDTshort+0.0100%8h0.9860−0.029%$11.1M$20.0M75x
BingX FIL-USDT+0.0100%8h0.9866+0.031%$11.9Mas long as short
Variational Omni FIL+0.0100%8h0.9882+0.193%$447K$264Kas long as short
edgeX FILUSDC+0.0100%4h0.9912+0.500%$45K$295K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9911+0.488%$294K$1.1M10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9910+0.478%$30K$182K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h0.9873+0.102%$4K$79810xas long as short
SunX FIL-USDT+0.0100%8h0.9860−0.029%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9867+0.042%$480$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9873+0.102%$613K$5.8M75xas long as short
Phemex FILUSDT+0.0100%8h0.9860−0.029%$1.2M$2.6M50xas long as short
Extended FIL-USD+0.0104%1h0.9865+0.018%$693K$1.4M10xas long as short
BloFin FIL-USDT+0.0220%8h0.9882+0.194%$2.6M$701K75xas long as short
Kraken Futures PF_FILUSD+0.0252%1h0.9873+0.105%$1.3M$2.2M50xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0594% / S −0.0272%1h0.9865+0.022%$264K100xas long as short