Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.014%

Price spread now: dYdX against Variational Omni+0.026%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.026% dearer against Variational Omni than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni FIL	0.9882	0.0100	pay 0.0100% / 8h	2h 37m	$447K	$264K	—
Short	dYdX FIL-USD	0.9885	0	get 0.0000% / 1h	37m 56s	$58K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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

Position, each leg$Hold fordaysFee Variational OmnibpFee dYdXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$21
Price spread: +0.026% → 0.000%: $2.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$28.42
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 11 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 11 min ago	3.52 bp	doesn't fit	30.7 bp −$307	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit FIL_USDC-PERPETUAL	−0.0760%	1h	0.9890	+0.081%	$170K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0240%	1h	0.9889	+0.071%	$339K	$2.2M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9884	+0.018%	$26K	—	150x	as long as short
dYdX FIL-USDshort	0.0000%	1h	0.9885	+0.026%	$58K	$1K	10x
OKX FIL-USDT-SWAP	+0.0022%	8h	0.9900	+0.182%	$18.0M	$107.7M	50x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.273%	$2K	$240K	12x	as long as short
KuCoin FILUSDTM	+0.0040%	8h	0.9888	+0.061%	$7.2M	$7.9M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9883	+0.014%	$147K	$379K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9892	+0.107%	$8.3M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9894	+0.124%	$505K	$613K	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance FILUSDT	+0.0100%	8h	0.9895	+0.132%	$56.1M	$185.6M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9897	+0.152%	$15.7M	$20.5M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9889	+0.071%	$8.3M	$16.7M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9886	+0.041%	$233K	$103K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9886	+0.041%	$11.1M	$20.0M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9893	+0.112%	—	$11.9M	—	as long as short
Variational Omni FILlong	+0.0100%	8h	0.9882	long leg	$447K	$264K	—
edgeX FILUSDC	+0.0100%	4h	0.9912	+0.306%	$45K	$295K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9883	+0.013%	$289K	$1.1M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9900	+0.182%	$29K	$182K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9894	+0.126%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9880	−0.020%	$2K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9884	+0.021%	$484	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9891	+0.091%	$615K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9880	−0.020%	$1.2M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9884	+0.024%	$693K	$1.4M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9855	−0.273%	$2.6M	$699K	75x	as long as short
Kraken Futures PF_FILUSD	+0.0251%	1h	0.9892	+0.105%	$1.3M	$2.2M	50x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0595% / S −0.0272%	1h	0.9883	+0.014%	$264K	—	100x	as long as short