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

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Hyperliquid against SoDEX+0.196%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.196% dearer against SoDEX than usual: you sell high and buy low, +$20 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX FIL-USD0.99470.0100pay 0.0013% / 1h16m 50s$491$11K5x
ShortHyperliquid FIL0.99670.0100get 0.0013% / 1h16m 50s$8.6M$9.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SoDEX. 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: +0.196% → 0.000%
$19.6
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$2.6
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 6 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 SoDEX no order-book sample
Sell Hyperliquid live order book, 6 min ago0.86 bp9.2 bp −$9doesn't fitdoesn't fitdoesn't fit
SoDEX: 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
Kraken Futures PF_FILUSD−0.0329%1h0.9955+0.077%$1.4M$2.4M50xas long as short
Coinbase International FIL-PERP-INTX−0.0328%1h0.9960+0.131%$320K$1.8M50xas long as short
Deribit FIL_USDC-PERPETUAL−0.0252%1h0.9958+0.111%$171K$23K25xas long as short
OKX FIL-USDT-SWAP−0.0041%8h0.9968+0.211%$18.2M$97.9M50xas long as short
KuCoin FILUSDTM−0.0037%8h0.9961+0.141%$7.5M$7.1M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9954+0.069%$25K150xas long as short
dYdX FIL-USD0.0000%1h0.9968+0.209%$58K$2K10xas long as short
Binance FILUSDT+0.0030%8h0.9970+0.230%$57.7M$177.7M75xas long as short
Extended FIL-USD+0.0032%1h0.9957+0.105%$695K$3.3M10xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9855−0.925%$2K$240K12xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC FIL_USDC+0.0066%8h0.9951+0.040%$246K$105K50xas long as short
Bitget FILUSDT+0.0072%8h0.9961+0.141%$11.0M$21.2M75xas long as short
Lighter FIL+0.0096%1h0.9965+0.182%$159K$347K5xas long as short
Hyperliquid FILshort+0.0100%1h0.9967+0.196%$8.6M$9.5M5x
Aster FILUSDT+0.0100%8h0.9963+0.160%$508K$566K20xas long as short
Bybit FILUSDT+0.0100%8h0.9972+0.251%$15.6M$18.2M25xas long as short
Gate FIL_USDT+0.0100%8h0.9958+0.111%$8.3M$16.2M50xas long as short
BingX FIL-USDT+0.0100%8h0.9959+0.121%$11.8Mas long as short
Variational Omni FIL+0.0100%8h0.9922−0.253%$446K$279Kas long as short
edgeX FILUSDC+0.0100%4h0.9917−0.303%$46K$294K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9921−0.260%$295K$837K10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9920−0.271%$30K$195K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h0.9961+0.143%$5K10xas long as short
SunX FIL-USDT+0.0100%8h0.9950+0.030%$3K$1.1M20xas long as short
SoDEX FIL-USDlong+0.0100%1h0.9947long leg$491$11K5x
HTX FIL-USDT+0.0100%8h0.9961+0.141%$636K$5.6M75xas long as short
Phemex FILUSDT+0.0100%8h0.9950+0.030%$1.1M$2.3M50xas long as short
BloFin FIL-USDT+0.0121%8h0.9957+0.101%$2.7M$590K75xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0543% / S −0.0538%1h0.9955+0.081%$198K100xas long as short