Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.002%

Price spread now: Binance against gTrade (Gains Network)−0.080%7-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 Binance

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. Binance is 0.080% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 8.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) FIL/USD	0.9958	L −0.0004% / S +0.0006%	get 0.0001% / 1h	2m 52s	$25K	—	150x
Short	Binance FILUSDT	0.9950	0.0029	get 0.0029% / 8h	7h 02m	$57.7M	$179.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.080%Rate

Funding earned: $6.95
Price spread: −0.080% → 0.000%: −$7.97
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.02
Costs to cover: 0.200%
Break-even: 28.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 10 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 Binance live order book, 10 min ago	0.50 bp	9.1 bp −$9	15.3 bp −$153	54.9 bp −$5,493	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
Deribit FIL_USDC-PERPETUAL	−0.0452%	1h	0.9962	+0.042%	$171K	$23K	25x	as long as short
Kraken Futures PF_FILUSD	−0.0329%	1h	0.9960	+0.026%	$1.4M	$2.4M	50x	as long as short
Coinbase International FIL-PERP-INTX	−0.0328%	1h	0.9970	+0.123%	$340K	$1.9M	50x	as long as short
KuCoin FILUSDTM	−0.0041%	8h	0.9958	+0.002%	$7.4M	$7.2M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0036%	8h	0.9942	−0.159%	$18.3M	$97.8M	50x	as long as short
gTrade (Gains Network) FIL/USDlong	L −0.0004% / S +0.0006%	1h	0.9958	long leg	$25K	—	150x
dYdX FIL-USD	0.0000%	1h	0.9943	−0.152%	$58K	$2K	10x	as long as short
Binance FILUSDTshort	+0.0029%	8h	0.9950	−0.080%	$57.7M	$179.1M	75x
Extended FIL-USD	+0.0032%	1h	0.9958	−0.001%	$698K	$3.3M	10x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−1.032%	$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	+0.0069%	8h	0.9953	−0.048%	$8.2M	$16.4M	50x	as long as short
MEXC FIL_USDC	+0.0069%	8h	0.9959	+0.012%	$246K	$106K	50x	as long as short
Bitget FILUSDT	+0.0079%	8h	0.9947	−0.108%	$11.0M	$21.5M	75x	as long as short
Lighter FIL	+0.0096%	1h	0.9947	−0.108%	$159K	$349K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9950	−0.076%	$8.5M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9957	−0.011%	$509K	$590K	20x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9948	−0.098%	$15.6M	$18.5M	25x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9951	−0.068%	—	$11.8M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9955	−0.032%	$448K	$279K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9983	+0.256%	$46K	$294K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9971	+0.131%	$297K	$823K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9970	+0.123%	$30K	$194K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9961	+0.035%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9950	−0.078%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9951	−0.068%	$493	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9965	+0.072%	$629K	$5.7M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9950	−0.078%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0116%	8h	0.9956	−0.018%	$2.7M	$605K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0570% / S −0.0639%	1h	0.9958	+0.001%	$198K	—	100x	as long as short