Funding arb · Price arb /

FIL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0104%/8hnext payment +$0.13 per $10,000 · paid last 24h +0.031%

Price spread now: ApeX Omni against gTrade (Gains Network)−0.205%67s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on ApeX Omni

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

Funding pays, the price is against you. ApeX Omni is 0.205% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.205% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 6.5 days of funding at the current rate (+$3 a day). The two prices were read 67 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	gTrade (Gains Network) FIL/USD	0.9670	L −0.0004% / S +0.0006%	get 0.0001% / 1h	21m 43s	$24K	—	150x
Short	ApeX Omni FILUSDT	0.9650	0.0100	get 0.0013% / 1h	21m 43s	$43K	$196K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ApeX OmnibpOrdersPrice spread, now −0.205%Rate

Funding earned: $21.89
Price spread: −0.205% → 0.000%: −$20.48
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$18.59
Costs to cover: 0.200%
Break-even: 12.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; ApeX Omni: live order book, 8 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 8 min ago	15.55 bp	25.2 bp −$25	125.4 bp −$1,254	doesn't fit	doesn't fit

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
Coinbase International FIL-PERP-INTX	−0.0400%	1h	0.9674	+0.043%	$326K	$2.0M	50x	as long as short
Bybit FILUSDT	−0.0154%	8h	0.9660	−0.101%	$15.6M	$16.8M	25x	as long as short
Variational Omni FIL	−0.0096%	8h	0.9627	−0.438%	$422K	$271K	—	as long as short
Injective FIL/USDC PERP	−0.0066%	1h	0.9611	−0.608%	$2K	$118K	12x	as long as short
gTrade (Gains Network) FIL/USDlong	L −0.0004% / S +0.0006%	1h	0.9670	long leg	$24K	—	150x
dYdX FIL-USD	0.0000%	1h	0.9675	+0.055%	$56K	$2K	10x	as long as short
Deribit FIL_USDC-PERPETUAL	0.0000%	1h	0.9670	+0.002%	$166K	$22K	25x	as long as short
Lighter FIL	+0.0008%	1h	0.9660	−0.099%	$161K	$351K	5x	as long as short
OKX FIL-USDT-SWAP	+0.0009%	8h	0.9661	−0.091%	$17.7M	$98.7M	50x	as long as short
Bitget FILUSDT	+0.0037%	8h	0.9664	−0.060%	$10.8M	$22.9M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin FILUSDTM	+0.0058%	8h	0.9663	−0.070%	$7.1M	$7.4M	50x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9663	−0.068%	$8.5M	$9.3M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9669	−0.010%	$478K	$549K	20x	as long as short
Binance FILUSDT	+0.0100%	8h	0.9672	+0.023%	$55.2M	$178.2M	75x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9664	−0.060%	$7.7M	$16.9M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9658	−0.122%	$247K	$105K	50x	as long as short
BingX FIL-USDC	+0.0100%	8h	0.9662	−0.081%	—	$6.5M	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9647	−0.235%	$44K	$292K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9655	−0.156%	$286K	$721K	10x	as long as short
ApeX Omni FILUSDTshort	+0.0100%	1h	0.9650	−0.205%	$43K	$196K	50x
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9676	+0.067%	$4K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9660	−0.101%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9664	−0.060%	$459	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9671	+0.012%	$603K	$5.6M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9660	−0.101%	$1.0M	$2.2M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9663	−0.069%	$675K	$2.4M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9657	−0.132%	$2.6M	$571K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0531% / S −0.0922%	1h	0.9670	+0.005%	$120K	—	100x	as long as short
Kraken Futures PF_FILUSD	+0.0602%	1h	0.9671	+0.007%	$1.5M	$2.2M	50x	as long as short