Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h +0.004%

Price spread now: gTrade (Gains Network) against Bybit+0.082%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 0.082% dearer against Bybit than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit FILUSDT	1.0033	0.0100	pay 0.0100% / 8h	5h 28m	$15.8M	$19.4M	25x
Short	gTrade (Gains Network) FIL/USD	1.0041	L −0.0003% / S +0.0006%	pay 0.0001% / 1h	28m 10s	$27K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.082%Rate

Funding earned: −$22.25
Price spread: +0.082% → 0.000%: $8.17
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$35.08
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, just now; 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 Bybit live order book, just now	0.50 bp	13.0 bp −$13	36.4 bp −$364	doesn't fit	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	−0.0447%	1h	1.0041	+0.080%	$173K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0256%	1h	1.0036	+0.030%	$379K	$2.1M	50x	as long as short
Kraken Futures PF_FILUSD	−0.0127%	1h	1.0040	+0.072%	$1.4M	$2.3M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0062%	8h	1.0029	−0.040%	$18.9M	$101.1M	50x	as long as short
KuCoin FILUSDTM	−0.0032%	8h	1.0031	−0.020%	$7.4M	$7.2M	50x	as long as short
gTrade (Gains Network) FIL/USDshort	L −0.0003% / S +0.0006%	1h	1.0041	+0.082%	$27K	—	150x
dYdX FIL-USD	0.0000%	1h	1.0040	+0.070%	$59K	$2K	10x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−1.774%	$2K	$240K	12x	as long as short
Binance FILUSDT	+0.0062%	8h	1.0032	−0.009%	$58.5M	$178.7M	75x	as long as short
Extended FIL-USD	+0.0064%	1h	1.0034	+0.009%	$708K	$3.3M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC FIL_USDC	+0.0083%	8h	1.0030	−0.030%	$243K	$104K	50x	as long as short
Lighter FIL	+0.0096%	1h	1.0032	−0.009%	$159K	$353K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	1.0035	+0.024%	$8.6M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	1.0040	+0.070%	$510K	$578K	20x	as long as short
Bybit FILUSDTlong	+0.0100%	8h	1.0033	long leg	$15.8M	$19.4M	25x
Gate FIL_USDT	+0.0100%	8h	1.0033	0.000%	$8.5M	$16.5M	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	1.0028	−0.050%	$10.9M	$19.9M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	1.0030	−0.030%	—	$11.8M	—	as long as short
Variational Omni FIL	+0.0100%	8h	1.0058	+0.254%	$453K	$265K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	1.0061	+0.282%	$46K	$295K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	1.0061	+0.283%	$292K	$880K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	1.0070	+0.369%	$30K	$183K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	1.0045	+0.120%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	1.0030	−0.030%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	1.0031	−0.020%	$486	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	1.0034	+0.010%	$632K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	1.0030	−0.030%	$1.1M	$2.5M	50x	as long as short
BloFin FIL-USDT	+0.0181%	8h	1.0049	+0.159%	$2.7M	$639K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0575% / S −0.0237%	1h	1.0041	+0.084%	$268K	—	100x	as long as short