Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h −0.003%

Price spread now: gTrade (Gains Network) against Binance+0.067%7-day average — · you sell dearer than you buy

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

Long on Binance Short on gTrade (Gains Network)

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.067% dearer against Binance than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance FILUSDT	0.9942	0.0029	pay 0.0029% / 8h	7h 02m	$57.6M	$179.3M	75x
Short	gTrade (Gains Network) FIL/USD	0.9949	L −0.0004% / S +0.0006%	pay 0.0001% / 1h	2m 07s	$25K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.067%Rate

Funding earned: −$7.32
Price spread: +0.067% → 0.000%: $6.75
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$20.57
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 min ago; gTrade (Gains Network): 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 Binance live order book, 11 min ago	0.50 bp	7.5 bp −$7	13.4 bp −$134	46.2 bp −$4,617	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0453%	1h	0.9954	+0.121%	$171K	$23K	25x	as long as short
Kraken Futures PF_FILUSD	−0.0329%	1h	0.9948	+0.060%	$1.4M	$2.4M	50x	as long as short
Coinbase International FIL-PERP-INTX	−0.0328%	1h	0.9949	+0.070%	$341K	$1.9M	50x	as long as short
KuCoin FILUSDTM	−0.0041%	8h	0.9943	+0.010%	$7.4M	$7.2M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0041%	8h	0.9942	0.000%	$18.3M	$97.8M	50x	as long as short
gTrade (Gains Network) FIL/USDshort	L −0.0004% / S +0.0006%	1h	0.9949	+0.067%	$25K	—	150x
dYdX FIL-USD	0.0000%	1h	0.9955	+0.129%	$58K	$2K	10x	as long as short
Binance FILUSDTlong	+0.0029%	8h	0.9942	long leg	$57.6M	$179.3M	75x
Extended FIL-USD	+0.0032%	1h	0.9940	−0.024%	$698K	$3.3M	10x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.875%	$2K	$240K	12x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate FIL_USDT	+0.0063%	8h	0.9943	+0.010%	$8.2M	$16.4M	50x	as long as short
MEXC FIL_USDC	+0.0069%	8h	0.9938	−0.040%	$246K	$106K	50x	as long as short
Bitget FILUSDT	+0.0080%	8h	0.9944	+0.020%	$11.0M	$21.5M	75x	as long as short
Lighter FIL	+0.0096%	1h	0.9942	−0.003%	$159K	$349K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9943	+0.013%	$8.5M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9937	−0.051%	$508K	$590K	20x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9944	+0.020%	$15.6M	$18.5M	25x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9947	+0.050%	—	$11.8M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9955	+0.127%	$448K	$279K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9983	+0.415%	$46K	$294K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9971	+0.290%	$297K	$823K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9970	+0.282%	$30K	$194K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9954	+0.123%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9930	−0.121%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9940	−0.020%	$488	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9938	−0.040%	$628K	$5.7M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9940	−0.020%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0116%	8h	0.9956	+0.141%	$2.7M	$605K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0570% / S −0.0639%	1h	0.9949	+0.071%	$197K	—	100x	as long as short