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

FIL

all FIL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.253%
Price spread now: GMX against ApeX Omni+0.102%68s7-day average +0.020% · 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)+1.252%+$125 on $10k
Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.102%, 7d avg +0.020%
Together, before fees+1.275%+$128 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.081% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.020%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni FILUSDT1.00000.0100pay 0.0013% / 1h3m 50s$29K$183K50x
ShortGMX FIL/USD [WBTC.b-USDC]1.0010L +0.0604% / S −0.0280%get 0.0035% / 1h3m 50s$268K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against ApeX 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

Funding earned
$37.83
Price spread: +0.102% → +0.020%
$8.13
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$23.96
Costs to cover
0.220%
Break-even
2.6 days
Slippage unknown: ApeX Omni: live order book, 42 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 42 min ago10.08 bp20.0 bp −$20121.6 bp −$1,216doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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
Coinbase International FIL-PERP-INTX−0.0240%1h1.0012+0.120%$357K$2.3M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h1.0010+0.100%$26K150xas long as short
dYdX FIL-USD0.0000%1h1.0001+0.006%$58K$1K10xas long as short
Deribit FIL_USDC-PERPETUAL0.0000%1h1.0013+0.130%$172K$23K25xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9855−1.450%$2K$240K12xas long as short
OKX FIL-USDT-SWAP+0.0046%8h0.9991−0.090%$18.2M$110.4M50xas long as short
KuCoin FILUSDTM+0.0064%8h0.9999−0.010%$7.3M$7.9M50xas long as short
Lighter FIL+0.0096%1h1.0001+0.011%$149K$385K5xas long as short
Hyperliquid FIL+0.0100%1h1.0006+0.060%$8.4M$9.4M5xas long as short
Aster FILUSDT+0.0100%8h1.0004+0.035%$510K$605K20xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance FILUSDT+0.0100%8h0.9997−0.035%$56.5M$187.9M75xas long as short
Bybit FILUSDT+0.0100%8h0.9994−0.060%$15.7M$20.7M25xas long as short
Gate FIL_USDT+0.0100%8h0.9996−0.040%$8.4M$16.9M50xas long as short
MEXC FIL_USDC+0.0100%8h1.0002+0.020%$236K$105K50xas long as short
Bitget FILUSDT+0.0100%8h0.9999−0.010%$11.4M$20.1M75xas long as short
BingX FIL-USDC+0.0100%8h0.9997−0.030%$6.5Mas long as short
Variational Omni FIL+0.0100%8h0.9992−0.082%$453K$265Kas long as short
edgeX FILUSDC+0.0100%4h1.0000+0.002%$45K$295K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h1.0005+0.047%$301K$1.2M10xas long as short
ApeX Omni FILUSDTlong+0.0100%1h1.0000long leg$29K$183K50x
Orderly PERP_FIL_USDC_mythos+0.0100%4h1.0019+0.192%$4K$79810xas long as short
SunX FIL-USDT+0.0100%8h1.00000.000%$2K$1.2M20xas long as short
SoDEX FIL-USD+0.0100%1h1.0002+0.020%$485$11K5xas long as short
HTX FIL-USDT+0.0100%8h1.0009+0.090%$621K$5.8M75xas long as short
Phemex FILUSDT+0.0100%8h1.00000.000%$1.2M$2.6M50xas long as short
Extended FIL-USD+0.0104%1h0.9997−0.027%$704K$1.4M10xas long as short
BloFin FIL-USDT+0.0220%8h1.0001+0.010%$2.6M$701K75xas long as short
Kraken Futures PF_FILUSD+0.0248%1h1.0008+0.084%$1.4M$2.2M50xas long as short
GMX FIL/USD [WBTC.b-USDC]shortL +0.0604% / S −0.0280%1h1.0010+0.102%$268K100x