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

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.003%
Price spread now: BloFin against Orderly−0.271%52s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. BloFin is 0.271% cheaper against Orderly than usual: you would sell low and buy high (spread −0.271% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 7.5 days of funding at the current rate (+$4 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_FIL_USDC_mythos0.98510.0100pay 0.0050% / 4h2h 27m$5K10x
ShortBloFin FIL-USDT0.98240.0220get 0.0220% / 8h2h 27m$2.6M$635K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Orderly. 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
$25.2
Price spread: −0.271% → 0.000%
−$27.1
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$19.9
Costs to cover
0.180%
Break-even
12.5 days
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell BloFin live order book, 5 min ago1.02 bp7.9 bp −$811.3 bp −$11335.6 bp −$3,557doesn't fit
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit FIL_USDC-PERPETUAL−0.1169%1h0.9851+0.003%$169K$23K25xas long as short
Kraken Futures PF_FILUSD−0.0622%1h0.9849−0.015%$1.4M$2.3M50xas long as short
Lighter FIL−0.0392%1h0.9838−0.134%$157K$337K5xas long as short
Coinbase International FIL-PERP-INTX−0.0328%1h0.9843−0.078%$315K$1.9M50xas long as short
Bybit FILUSDT−0.0058%8h0.9841−0.098%$15.5M$17.9M25xas long as short
Bitget FILUSDT−0.0035%8h0.9843−0.078%$10.8M$21.9M75xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9846−0.053%$24K150xas long as short
Variational Omni FIL−0.0002%8h0.9833−0.184%$435K$276Kas long as short
dYdX FIL-USD0.0000%1h0.9846−0.048%$57K$2K10xas long as short
Hyperliquid FIL+0.0006%1h0.9841−0.093%$8.6M$9.5M5xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX FIL-USDT-SWAP+0.0012%8h0.9837−0.139%$18.1M$96.5M50xas long as short
KuCoin FILUSDTM+0.0031%8h0.9840−0.109%$7.3M$7.1M50xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9751−1.012%$2K$148K12xas long as short
Aster FILUSDT+0.0100%8h0.9847−0.034%$487K$514K20xas long as short
Binance FILUSDT+0.0100%8h0.9838−0.128%$56.4M$176.0M75xas long as short
Gate FIL_USDT+0.0100%8h0.9847−0.038%$7.8M$16.3M50xas long as short
MEXC FIL_USDC+0.0100%8h0.9841−0.098%$250K$105K50xas long as short
BingX FIL-USDT+0.0100%8h0.9842−0.088%$11.8Mas long as short
edgeX FILUSDC+0.0100%4h0.9825−0.265%$45K$294K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9829−0.217%$288K$813K10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9840−0.109%$42K$193K50xas long as short
Orderly PERP_FIL_USDC_mythoslong+0.0100%4h0.9851long leg$5K10x
SunX FIL-USDT+0.0100%8h0.9830−0.210%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9848−0.027%$475$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9860+0.094%$624K$5.7M75xas long as short
Phemex FILUSDT+0.0100%8h0.9850−0.007%$1.1M$2.2M50xas long as short
Extended FIL-USD+0.0104%1h0.9843−0.078%$685K$2.3M10xas long as short
BloFin FIL-USDTshort+0.0220%8h0.9824−0.271%$2.6M$635K75x
GMX FIL/USD [WBTC.b-USDC]L +0.0615% / S −0.0742%1h0.9846−0.044%$213K100xas long as short