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

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%
Price spread now: Hyperliquid against SunX+0.089%7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2082.076% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.144%+$14 on $10k
Price spread, last 3 days (all we have)+0.029%+$3 · spread now +0.089%, 7d avg +0.144%
Together, before fees+0.173%+ Points / potential airdropHyperliquid: Season 2 · farm board+$17 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: Hyperliquid is 0.055% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.144%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX FIL-USDT0.99500.0100pay 0.0100% / 8h1h 00m$3K$1.1M20x
ShortHyperliquid FIL0.99590.0100get 0.0013% / 1h0m 56s$8.7M$9.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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: +0.089% → +0.144%
−$5.49
Slippage, 4 orders
−$190.59
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$213.08
Costs to cover
2.076%
Break-even
never at this rate
Slippage from SunX: live order book, 2 min ago; Hyperliquid: live order book, 11 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 SunX live order book, 2 min ago25.11 bp67.6 bp −$68136.2 bp −$1,362doesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago1.31 bp8.6 bp −$9doesn't fitdoesn'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
Kraken Futures PF_FILUSD−0.0689%1h0.9957+0.071%$1.4M$2.4M50xas long as short
Coinbase International FIL-PERP-INTX−0.0376%1h0.9956+0.060%$323K$1.9M50xas long as short
Deribit FIL_USDC-PERPETUAL−0.0352%1h0.9959+0.090%$171K$23K25xas long as short
Injective FIL/USDC PERP−0.0252%1h0.9855−0.955%$2K$240K12xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9954+0.038%$25K150xas long as short
dYdX FIL-USD0.0000%1h0.9956+0.056%$58K$2K10xas long as short
KuCoin FILUSDTM+0.0011%8h0.9954+0.040%$7.5M$7.1M50xas long as short
Bitget FILUSDT+0.0014%8h0.9956+0.060%$10.9M$21.5M75xas long as short
OKX FIL-USDT-SWAP+0.0035%8h0.9957+0.070%$18.2M$99.0M50xas long as short
Bybit FILUSDT+0.0039%8h0.9960+0.101%$15.5M$18.1M25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC FIL_USDC+0.0071%8h0.9949−0.010%$253K$106K50xas long as short
Extended FIL-USD+0.0072%1h0.9959+0.087%$692K$2.3M10xas long as short
Binance FILUSDT+0.0075%8h0.9961+0.111%$57.7M$176.4M75xas long as short
BingX FIL-USDC+0.0077%8h0.9960+0.101%$6.5Mas long as short
Lighter FIL+0.0096%1h0.9947−0.035%$159K$349K5xas long as short
Hyperliquid FILshort+0.0100%1h0.9959+0.089%$8.7M$9.5M5x
Aster FILUSDT+0.0100%8h0.9958+0.079%$500K$526K20xas long as short
Gate FIL_USDT+0.0100%8h0.9960+0.101%$8.0M$16.3M50xas long as short
Variational Omni FIL+0.0100%8h0.9931−0.189%$442K$277Kas long as short
edgeX FILUSDC+0.0100%4h0.9942−0.080%$45K$294K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9938−0.116%$289K$790K10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9940−0.101%$30K$197K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h0.9964+0.143%$5K10xas long as short
SunX FIL-USDTlong+0.0100%8h0.9950long leg$3K$1.1M20x
SoDEX FIL-USD+0.0100%1h0.9954+0.040%$489$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9956+0.060%$631K$5.6M75xas long as short
Phemex FILUSDT+0.0100%8h0.99500.000%$1.1M$2.3M50xas long as short
BloFin FIL-USDT+0.0195%8h0.9947−0.030%$2.7M$662K75xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0602% / S −0.0709%1h0.9953+0.031%$208K100xas long as short