Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

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: Deribit against edgeX+0.292%75s7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.456% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.462%−$46 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.292%, 7d avg +0.100%

Together, before fees−0.620%+ Points / potential airdropedgeX: Active · farm board−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.192% dearer against edgeX than usual: you sell high and buy low (spread +0.292% now, against its 7-day average of +0.100%): +$19 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 44 hours. The two prices were read 75 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	edgeX FILUSDC	0.9939	0.0100	pay 0.0050% / 4h	3h 19m	$45K	$296K	10x
Short	Deribit FIL_USDC-PERPETUAL	0.9968	−0.0251	pay 0.0031% / 1h	19m 50s	$171K	$23K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against edgeX. 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 edgeXbpFee DeribitbpOrdersPrice spread, now +0.292%Rate

Funding earned: −$73.71
Price spread: +0.292% → +0.100%: $19.21
Slippage, 4 orders: −$29.59
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$100.1
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from edgeX: live order book, 33 min ago; Deribit: live order book, 34 min ago.

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 edgeX live order book, 33 min ago	3.47 bp	8.4 bp −$8	86.5 bp −$865	doesn't fit	doesn't fit
Sell Deribit live order book, 34 min ago	9.41 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit

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-PERPETUALshort	−0.0251%	1h	0.9968	+0.292%	$171K	$23K	25x
Coinbase International FIL-PERP-INTX	−0.0240%	1h	0.9951	+0.121%	$357K	$2.1M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9963	+0.246%	$26K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9957	+0.183%	$58K	$2K	10x	as long as short
OKX FIL-USDT-SWAP	+0.0009%	8h	0.9960	+0.212%	$18.4M	$106.2M	50x	as long as short
KuCoin FILUSDTM	+0.0025%	8h	0.9958	+0.192%	$7.3M	$7.7M	50x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.845%	$2K	$240K	12x	as long as short
Kraken Futures PF_FILUSD	+0.0067%	1h	0.9969	+0.305%	$1.4M	$2.3M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9955	+0.160%	$148K	$370K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9958	+0.192%	$8.4M	$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	0.9959	+0.206%	$508K	$613K	20x	as long as short
Binance FILUSDT	+0.0100%	8h	0.9959	+0.202%	$57.0M	$185.3M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9958	+0.192%	$15.8M	$20.4M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9960	+0.212%	$8.4M	$16.9M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9958	+0.192%	$236K	$105K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9955	+0.162%	$11.3M	$20.5M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9960	+0.212%	—	$11.8M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9946	+0.069%	$450K	$265K	—	as long as short
edgeX FILUSDClong	+0.0100%	4h	0.9939	long leg	$45K	$296K	10x
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9965	+0.263%	$294K	$1.1M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9950	+0.111%	$30K	$182K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9972	+0.336%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9960	+0.212%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9961	+0.222%	$477	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9965	+0.262%	$619K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9960	+0.212%	$1.2M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9957	+0.185%	$696K	$2.1M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9928	−0.110%	$2.7M	$711K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0583% / S −0.0253%	1h	0.9964	+0.254%	$266K	—	100x	as long as short