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

FIL

all FIL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.16 per $10,000 · paid last 24h +0.007%
Price spread now: Bitget against MEXC+0.070%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$430.434% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.064%+$6 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.070%, 7d avg +0.029%
Together, before fees+0.093%+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bitget is 0.041% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC FIL_USDC1.00060.0084pay 0.0084% / 8h6h 05m$245K$106K50x
ShortBitget FILUSDT1.00130.0100get 0.0100% / 8h6h 05m$11.0M$20.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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
$3.36
Price spread: +0.070% → +0.029%
$4.08
Slippage, 4 orders
−$31.44
Fee MEXC: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$36
Costs to cover
0.434%
Break-even
82.0 days
Slippage from MEXC: live order book, 44 min ago; Bitget: live order book, 3 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 MEXC live order book, 44 min ago3.50 bp7.7 bp −$813.3 bp −$13367.9 bp −$6,793doesn't fit
Sell Bitget live order book, 3 min ago0.50 bp12.4 bp −$1221.4 bp −$21442.7 bp −$4,271doesn't fit

FIL on 28 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−0.0447%1h1.0029+0.230%$173K$23K25xas long as short
Coinbase International FIL-PERP-INTX−0.0296%1h1.0030+0.240%$381K$2.1M50xas long as short
Kraken Futures PF_FILUSD−0.0191%1h1.0028+0.223%$1.4M$2.3M50xas long as short
OKX FIL-USDT-SWAP−0.0056%8h1.0018+0.120%$18.9M$99.0M50xas long as short
KuCoin FILUSDTM−0.0042%8h1.0018+0.120%$7.4M$7.2M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h1.0023+0.170%$26K150xas long as short
dYdX FIL-USD0.0000%1h1.0014+0.080%$58K$2K10xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9855−1.509%$2K$240K12xas long as short
Binance FILUSDT+0.0044%8h1.0013+0.070%$57.9M$178.1M75xas long as short
Extended FIL-USD+0.0048%1h1.0006+0.003%$705K$3.3M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC FIL_USDClong+0.0084%8h1.0006long leg$245K$106K50x
Lighter FIL+0.0096%1h1.0018+0.116%$160K$354K5xas long as short
Hyperliquid FIL+0.0100%1h1.0018+0.120%$8.6M$9.5M5xas long as short
Aster FILUSDT+0.0100%8h1.0022+0.164%$513K$582K20xas long as short
Bybit FILUSDT+0.0100%8h1.0018+0.120%$15.7M$19.1M25xas long as short
Gate FIL_USDT+0.0100%8h1.0014+0.080%$8.5M$16.5M50xas long as short
Bitget FILUSDTshort+0.0100%8h1.0013+0.070%$11.0M$20.4M75x
BingX FIL-USDT+0.0100%8h1.0013+0.070%$11.9Mas long as short
Variational Omni FIL+0.0100%8h1.0019+0.127%$451K$266Kas long as short
edgeX FILUSDC+0.0100%4h1.0038+0.321%$46K$294K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h1.0017+0.107%$298K$864K10xas long as short
ApeX Omni FILUSDT+0.0100%1h1.0040+0.340%$30K$184K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h1.0030+0.239%$5K10xas long as short
SunX FIL-USDT+0.0100%8h1.0020+0.140%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h1.0019+0.130%$488$11K5xas long as short
HTX FIL-USDT+0.0100%8h1.0025+0.190%$646K$5.8M75xas long as short
Phemex FILUSDT+0.0100%8h1.0020+0.140%$1.1M$2.3M50xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0575% / S −0.0237%1h1.0022+0.165%$267K100xas long as short