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

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0351%/8h= +38.4% APRpaid last 24h +0.195%
Price spread now: Orderly against Deribit+0.043%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Orderly is 0.043% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit FIL_USDC-PERPETUAL0.9968−0.0251get 0.0031% / 1h20m 14s$171K$23K25x
ShortOrderly PERP_FIL_USDC_mythos0.99720.0100get 0.0050% / 4h3h 20m$4K$79810x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Deribit. 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
$73.71
Price spread: +0.043% → 0.000%
$4.31
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Orderly: 3 bp × 2 orders
−$6
Net
$65.02
Costs to cover
0.130%
Break-even
0.8 days
Slippage unknown: Deribit: live order book, 33 min ago; Orderly: 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 Deribit live order book, 33 min ago9.41 bp14.9 bp −$1523.9 bp −$239doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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
Deribit FIL_USDC-PERPETUALlong−0.0251%1h0.9968long leg$171K$23K25x
Coinbase International FIL-PERP-INTX−0.0240%1h0.9951−0.171%$357K$2.1M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9963−0.046%$26K150xas long as short
dYdX FIL-USD0.0000%1h0.9957−0.109%$58K$2K10xas long as short
OKX FIL-USDT-SWAP+0.0009%8h0.9962−0.060%$18.4M$106.2M50xas long as short
KuCoin FILUSDTM+0.0025%8h0.9961−0.070%$7.3M$7.7M50xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9855−1.134%$2K$240K12xas long as short
Kraken Futures PF_FILUSD+0.0067%1h0.9969+0.013%$1.4M$2.3M50xas long as short
Lighter FIL+0.0096%1h0.9955−0.132%$148K$370K5xas long as short
Hyperliquid FIL+0.0100%1h0.9963−0.048%$8.4M$9.4M5xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster FILUSDT+0.0100%8h0.9958−0.098%$508K$613K20xas long as short
Binance FILUSDT+0.0100%8h0.9958−0.100%$57.0M$185.2M75xas long as short
Bybit FILUSDT+0.0100%8h0.9955−0.130%$15.8M$20.4M25xas long as short
Gate FIL_USDT+0.0100%8h0.9960−0.080%$8.4M$16.9M50xas long as short
MEXC FIL_USDC+0.0100%8h0.9958−0.100%$240K$104K50xas long as short
Bitget FILUSDT+0.0100%8h0.9959−0.090%$11.3M$20.5M75xas long as short
BingX FIL-USDC+0.0100%8h0.9962−0.060%$6.5Mas long as short
Variational Omni FIL+0.0100%8h0.9946−0.223%$450K$265Kas long as short
edgeX FILUSDC+0.0100%4h0.9939−0.291%$45K$296K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9965−0.029%$294K$1.1M10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9950−0.181%$30K$182K50xas long as short
Orderly PERP_FIL_USDC_mythosshort+0.0100%4h0.9972+0.043%$4K$79810x
SunX FIL-USDT+0.0100%8h0.9960−0.080%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9961−0.070%$477$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9965−0.030%$619K$5.8M75xas long as short
Phemex FILUSDT+0.0100%8h0.9960−0.080%$1.2M$2.6M50xas long as short
Extended FIL-USD+0.0104%1h0.9959−0.088%$696K$2.2M10xas long as short
BloFin FIL-USDT+0.0220%8h0.9928−0.401%$2.7M$711K75xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0583% / S −0.0253%1h0.9964−0.038%$266K100xas long as short