Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: SoDEX against Variational Omni−0.042%60s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on SoDEX

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.042% cheaper against Variational Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni FIL	0.9920	0.0100	pay 0.0100% / 8h	7h 58m	$442K	$281K	—
Short	SoDEX FIL-USD	0.9916	0.0100	get 0.0013% / 1h	58m 20s	$472	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → 0.000%: −$4.19
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$12.19
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 41 min ago; SoDEX: 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, 41 min ago	3.53 bp	doesn't fit	32.8 bp −$328	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit FIL_USDC-PERPETUAL	−0.3275%	1h	0.9894	−0.264%	$170K	$23K	25x	as long as short
Bybit FILUSDT	−0.0138%	8h	0.9923	+0.029%	$15.4M	$20.4M	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0056%	1h	0.9930	+0.099%	$355K	$2.2M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9930	+0.099%	$25K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9929	+0.085%	$58K	$1K	10x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.657%	$2K	$240K	12x	as long as short
KuCoin FILUSDTM	+0.0085%	8h	0.9925	+0.049%	$7.1M	$7.8M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9923	+0.031%	$145K	$344K	5x	as long as short
Kraken Futures PF_FILUSD	+0.0098%	1h	0.9922	+0.014%	$1.4M	$2.1M	50x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9930	+0.102%	$8.3M	$9.4M	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster FILUSDT	+0.0100%	8h	0.9928	+0.082%	$506K	$557K	20x	as long as short
Binance FILUSDT	+0.0100%	8h	0.9926	+0.056%	$56.0M	$183.5M	75x	as long as short
OKX FIL-USDT-SWAP	+0.0100%	8h	0.9925	+0.049%	$17.6M	$107.6M	50x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9927	+0.069%	$8.3M	$16.1M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9922	+0.019%	$230K	$97K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9923	+0.029%	$11.1M	$19.4M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9926	+0.059%	—	$11.8M	—	as long as short
Variational Omni FILlong	+0.0100%	8h	0.9920	long leg	$442K	$281K	—
edgeX FILUSDC	+0.0100%	4h	0.9913	−0.076%	$45K	$296K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9925	+0.049%	$292K	$1.5M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9920	−0.002%	$27K	$182K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9938	+0.183%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9910	−0.102%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USDshort	+0.0100%	1h	0.9916	−0.042%	$472	$11K	5x
HTX FIL-USDT	+0.0100%	8h	0.9929	+0.089%	$618K	$5.5M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9920	−0.002%	$1.2M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9923	+0.031%	$697K	$4.2M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9916	−0.042%	$2.6M	$659K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0602% / S −0.0280%	1h	0.9927	+0.069%	$266K	—	100x	as long as short