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

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.017%
Price spread now: Orderly against Injective+1.853%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 +$2 a day on $10k at the current rate, and Orderly is 1.853% dearer against Injective than usual: you sell high and buy low: +$185 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective FIL/USDC PERP0.98550.0033pay 0.0004% / 1h4m 26s$2K$240K12x
ShortOrderly PERP_FIL_USDC_mythos1.00380.0100get 0.0050% / 4h1h 04m$4K$79810x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Injective. 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
$14
Price spread: +1.853% → 0.000%
$185.29
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Orderly: 3 bp × 2 orders
−$6
Net
$193.27
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample
Sell Orderly no order-book sample
Injective and 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
Coinbase International FIL-PERP-INTX−0.0256%1h1.0035+1.826%$378K$2.1M50xas long as short
Deribit FIL_USDC-PERPETUAL−0.0248%1h1.0034+1.816%$173K$23K25xas long as short
Kraken Futures PF_FILUSD−0.0127%1h1.0031+1.791%$1.4M$2.3M50xas long as short
OKX FIL-USDT-SWAP−0.0064%8h1.0026+1.735%$18.9M$102.2M50xas long as short
KuCoin FILUSDTM−0.0012%8h1.0027+1.745%$7.4M$7.3M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0003% / S +0.0006%1h1.0027+1.749%$27K150xas long as short
dYdX FIL-USD0.0000%1h1.0047+1.953%$59K$2K10xas long as short
Injective FIL/USDC PERPlong+0.0033%1h0.9855long leg$2K$240K12x
Extended FIL-USD+0.0072%1h1.0035+1.829%$705K$3.3M10xas long as short
Binance FILUSDT+0.0076%8h1.0035+1.822%$58.7M$180.0M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC FIL_USDC+0.0089%8h1.0033+1.806%$243K$105K50xas long as short
Lighter FIL+0.0096%1h1.0043+1.909%$158K$354K5xas long as short
Hyperliquid FIL+0.0100%1h1.0033+1.806%$8.6M$9.5M5xas long as short
Aster FILUSDT+0.0100%8h1.0048+1.955%$519K$586K20xas long as short
Bybit FILUSDT+0.0100%8h1.0027+1.745%$15.8M$19.6M25xas long as short
Gate FIL_USDT+0.0100%8h1.0039+1.867%$8.6M$16.6M50xas long as short
Bitget FILUSDT+0.0100%8h1.0028+1.755%$11.1M$20.3M75xas long as short
BingX FIL-USDC+0.0100%8h1.0035+1.826%$6.5Mas long as short
Variational Omni FIL+0.0100%8h1.0024+1.710%$451K$265Kas long as short
edgeX FILUSDC+0.0100%4h1.0025+1.728%$46K$295K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h1.0044+1.916%$291K$914K10xas long as short
ApeX Omni FILUSDT+0.0100%1h1.0050+1.979%$30K$182K50xas long as short
Orderly PERP_FIL_USDC_mythosshort+0.0100%4h1.0038+1.853%$4K$79810x
SunX FIL-USDT+0.0100%8h1.0010+1.573%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h1.0026+1.735%$480$11K5xas long as short
HTX FIL-USDT+0.0100%8h1.0035+1.826%$629K$5.8M75xas long as short
Phemex FILUSDT+0.0100%8h1.0030+1.776%$1.1M$2.5M50xas long as short
BloFin FIL-USDT+0.0196%8h1.0035+1.826%$2.8M$652K75xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0575% / S −0.0237%1h1.0027+1.749%$268K100xas long as short