Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0104%/8hpaid last 24h +0.031%

Price spread now: SunX against gTrade (Gains Network)−0.088%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 SunX

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. SunX is 0.088% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) FIL/USD	0.9669	L −0.0004% / S +0.0006%	get 0.0001% / 1h	23m 26s	$24K	—	150x
Short	SunX FIL-USDT	0.9660	0.0100	get 0.0100% / 8h	4h 23m	$3K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $21.89
Price spread: −0.088% → 0.000%: −$8.8
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$4.91
Costs to cover: 0.180%
Break-even: 8.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago	20.77 bp	129.9 bp −$130	420.3 bp −$4,203	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	0.9667	−0.016%	$324K	$2.0M	50x	as long as short
Bybit FILUSDT	−0.0154%	8h	0.9658	−0.109%	$15.6M	$16.8M	25x	as long as short
Variational Omni FIL	−0.0096%	8h	0.9627	−0.425%	$422K	$271K	—	as long as short
Injective FIL/USDC PERP	−0.0066%	1h	0.9611	−0.595%	$2K	$118K	12x	as long as short
gTrade (Gains Network) FIL/USDlong	L −0.0004% / S +0.0006%	1h	0.9669	long leg	$24K	—	150x
Lighter FIL	0.0000%	1h	0.9655	−0.138%	$161K	$351K	5x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9665	−0.040%	$56K	$2K	10x	as long as short
Deribit FIL_USDC-PERPETUAL	0.0000%	1h	0.9669	+0.005%	$166K	$22K	25x	as long as short
OKX FIL-USDT-SWAP	+0.0008%	8h	0.9662	−0.067%	$17.7M	$98.7M	50x	as long as short
Bitget FILUSDT	+0.0038%	8h	0.9658	−0.109%	$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	+0.0059%	8h	0.9659	−0.098%	$7.1M	$7.4M	50x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9658	−0.106%	$8.5M	$9.3M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9664	−0.050%	$478K	$549K	20x	as long as short
Binance FILUSDT	+0.0100%	8h	0.9666	−0.026%	$55.0M	$178.2M	75x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9663	−0.057%	$7.7M	$16.9M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9652	−0.171%	$246K	$105K	50x	as long as short
BingX FIL-USDC	+0.0100%	8h	0.9659	−0.098%	—	$6.5M	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9647	−0.222%	$44K	$292K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9655	−0.143%	$286K	$721K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9650	−0.191%	$43K	$196K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9673	+0.047%	$4K	—	10x	as long as short
SunX FIL-USDTshort	+0.0100%	8h	0.9660	−0.088%	$3K	$1.1M	20x
SoDEX FIL-USD	+0.0100%	1h	0.9654	−0.150%	$458	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9669	+0.005%	$603K	$5.6M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9660	−0.088%	$1.0M	$2.2M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9665	−0.035%	$671K	$2.4M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9646	−0.233%	$2.6M	$570K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0531% / S −0.0922%	1h	0.9667	−0.016%	$120K	—	100x	as long as short
Kraken Futures PF_FILUSD	+0.0601%	1h	0.9671	+0.029%	$1.5M	$2.2M	50x	as long as short