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

FIL

all FIL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRnext payment $0.40 per $10,000 · paid last 24h +0.027%
Price spread now: Bitget against OKX0.000%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$400.401% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.138%+$14 on $10k
Price spread, last 7 days−0.030%−$3 · spread now 0.000%, 7d avg +0.003%
Together, before fees+0.107%+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.138%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX FIL-USDT-SWAP0.97320.0013pay 0.0013% / 8h2h 49m$17.9M$96.3M50x
ShortBitget FILUSDT0.9732−0.0027pay 0.0027% / 8h2h 49m$10.7M$22.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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
−$8.5
Price spread: 0.000% → +0.003%
−$0.25
Slippage, 4 orders
−$18.08
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$48.83
Costs to cover
0.401%
Break-even
never at this rate
Slippage from OKX: live order book, 5 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 OKX live order book, 5 min ago0.51 bp9.3 bp −$914.0 bp −$140doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago0.51 bp11.2 bp −$1120.3 bp −$20363.6 bp −$6,355doesn'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−0.0980%1h0.9746+0.144%$168K$23K25xas long as short
Kraken Futures PF_FILUSD−0.0629%1h0.9740+0.086%$1.4M$2.3M50xas long as short
Lighter FIL−0.0624%1h0.9727−0.047%$155K$332K5xas long as short
Coinbase International FIL-PERP-INTX−0.0328%1h0.9729−0.031%$311K$1.9M50xas long as short
Bybit FILUSDT−0.0096%8h0.9735+0.031%$15.3M$18.0M25xas long as short
Variational Omni FIL−0.0048%8h0.9723−0.097%$434K$273Kas long as short
Hyperliquid FIL−0.0033%1h0.9736+0.039%$8.5M$9.4M5xas long as short
Bitget FILUSDTshort−0.0027%8h0.97320.000%$10.7M$22.0M75x
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9737+0.054%$24K150xas long as short
dYdX FIL-USD0.0000%1h0.9745+0.134%$57K$2K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX FIL-USDT-SWAPlong+0.0013%8h0.9732long leg$17.9M$96.3M50x
Injective FIL/USDC PERP+0.0033%1h0.9658−0.760%$2K$118K12xas long as short
KuCoin FILUSDTM+0.0042%8h0.9737+0.051%$7.3M$7.2M50xas long as short
Aster FILUSDT+0.0100%8h0.9743+0.116%$483K$507K20xas long as short
Binance FILUSDT+0.0100%8h0.9732+0.002%$55.7M$176.6M75xas long as short
Gate FIL_USDT+0.0100%8h0.9735+0.031%$7.7M$16.2M50xas long as short
MEXC FIL_USDC+0.0100%8h0.9733+0.010%$247K$103K50xas long as short
BingX FIL-USDT+0.0100%8h0.9733+0.010%$11.8Mas long as short
edgeX FILUSDC+0.0100%4h0.9723−0.096%$45K$293K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9727−0.052%$292K$809K10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9720−0.123%$41K$193K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h0.9745+0.132%$4K10xas long as short
SunX FIL-USDT+0.0100%8h0.9730−0.021%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9735+0.031%$470$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9745+0.134%$613K$5.7M75xas long as short
Phemex FILUSDT+0.0100%8h0.9740+0.082%$1.0M$2.2M50xas long as short
Extended FIL-USD+0.0104%1h0.9730−0.019%$678K$2.3M10xas long as short
BloFin FIL-USDT+0.0220%8h0.9735+0.031%$2.6M$617K75xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0610% / S −0.0849%1h0.9740+0.077%$206K100xas long as short