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

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Phemex+0.081%7-day average +0.169% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1401.404% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.159%+$16 on $10k
Price spread, last 4 days (all we have)+0.520%+$52 · spread now +0.081%, 7d avg +0.169%
Together, before fees+0.679%+$68 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: HTX is 0.088% cheaper against Phemex than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.169%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex FILUSDT0.98800.0100pay 0.0100% / 8h6h 58m$1.3M$2.6M50x
ShortHTX FIL-USDT0.98880.0100get 0.0100% / 8h6h 58m$624K$5.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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
Price spread: +0.081% → +0.169%
−$8.78
Slippage, 4 orders
−$116.44
Fee Phemex: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$149.22
Costs to cover
1.404%
Break-even
never at this rate
Slippage from Phemex: live order book, 5 min ago; HTX: live order book, 1 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 Phemex live order book, 5 min ago15.13 bp60.5 bp −$60153.3 bp −$1,533doesn't fitdoesn't fit
Sell HTX live order book, 1 min ago1.52 bp14.6 bp −$1534.4 bp −$344doesn't fitdoesn'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−0.1064%1h0.9883+0.030%$170K$17K25xas long as short
Coinbase International FIL-PERP-INTX−0.0032%1h0.9882+0.020%$395K$2.4M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9930+0.506%$25K150xas long as short
dYdX FIL-USD0.0000%1h0.9877−0.027%$57K$91710xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9855−0.253%$2K$240K12xas long as short
Lighter FIL+0.0096%1h0.9877−0.035%$144K$278K5xas long as short
Hyperliquid FIL+0.0100%1h0.9887+0.066%$8.2M$9.4M5xas long as short
Aster FILUSDT+0.0100%8h0.9882+0.016%$504K$529K20xas long as short
Binance FILUSDT+0.0100%8h0.9880+0.004%$57.6M$179.4M75xas long as short
Bybit FILUSDT+0.0100%8h0.9876−0.040%$15.2M$19.9M25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX FIL-USDT-SWAP+0.0100%8h0.9881+0.010%$17.9M$103.6M50xas long as short
Gate FIL_USDT+0.0100%8h0.98800.000%$8.6M$14.2M50xas long as short
MEXC FIL_USDC+0.0100%8h0.9872−0.081%$229K$93K50xas long as short
KuCoin FILUSDTM+0.0100%8h0.9875−0.051%$7.1M$7.8M50xas long as short
Bitget FILUSDT+0.0100%8h0.9879−0.010%$11.7M$19.5M75xas long as short
BingX FIL-USDT+0.0100%8h0.98800.000%$11.6Mas long as short
Variational Omni FIL+0.0100%8h0.9919+0.391%$442K$271Kas long as short
edgeX FILUSDC+0.0100%4h0.9918+0.386%$45K$297K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9931+0.512%$289K$1.6M10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9930+0.506%$23K$181K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h0.9890+0.106%$4K$79810xas long as short
SunX FIL-USDT+0.0100%8h0.9870−0.101%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9879−0.010%$476$11K5xas long as short
HTX FIL-USDTshort+0.0100%8h0.9888+0.081%$624K$5.4M75x
Phemex FILUSDTlong+0.0100%8h0.9880long leg$1.3M$2.6M50x
Extended FIL-USD+0.0104%1h0.9878−0.021%$700K$4.2M10xas long as short
Kraken Futures PF_FILUSD+0.0113%1h0.9882+0.022%$1.4M$2.2M50xas long as short
BloFin FIL-USDT+0.0220%8h0.9906+0.263%$2.7M$629K75xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0598% / S −0.0280%1h0.9929+0.497%$265K100xas long as short