Funding arb · Price arb /

FIL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.056%

Price spread now: SoDEX against OKX−0.050%7-day average — · you buy dearer than you sell

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

Long on OKX Short on SoDEX

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. SoDEX is 0.050% cheaper against OKX than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 47 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX FIL-USDT-SWAP	0.9913	0.0015	pay 0.0015% / 8h	2h 45m	$17.9M	$107.5M	50x
Short	SoDEX FIL-USD	0.9908	0.0100	get 0.0013% / 1h	45m 03s	$481	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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 OKXbpFee SoDEXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $17.85
Price spread: −0.050% → 0.000%: −$5.04
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$5.19
Costs to cover: 0.180%
Break-even: 9.0 days

Slippage unknown: OKX: live order book, 4 min ago; SoDEX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	0.50 bp	9.0 bp −$9	13.7 bp −$137	92.5 bp −$9,254	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0758%	1h	0.9915	+0.020%	$171K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0240%	1h	0.9958	+0.454%	$351K	$2.2M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9915	+0.016%	$26K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9922	+0.088%	$58K	$1K	10x	as long as short
OKX FIL-USDT-SWAPlong	+0.0015%	8h	0.9913	long leg	$17.9M	$107.5M	50x
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.585%	$2K	$240K	12x	as long as short
KuCoin FILUSDTM	+0.0035%	8h	0.9911	−0.020%	$7.2M	$7.9M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9906	−0.070%	$145K	$376K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9912	−0.010%	$8.4M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9916	+0.026%	$506K	$613K	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance FILUSDT	+0.0100%	8h	0.9909	−0.036%	$56.3M	$185.9M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9909	−0.040%	$15.7M	$20.5M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9913	0.000%	$8.4M	$16.7M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9912	−0.010%	$234K	$103K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9911	−0.020%	$11.1M	$20.3M	75x	as long as short
BingX FIL-USDC	+0.0100%	8h	0.9911	−0.020%	—	$6.5M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9913	−0.002%	$448K	$265K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9937	+0.246%	$45K	$297K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9936	+0.234%	$291K	$1.1M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9940	+0.272%	$30K	$182K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9922	+0.093%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9910	−0.030%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USDshort	+0.0100%	1h	0.9908	−0.050%	$481	$11K	5x
HTX FIL-USDT	+0.0100%	8h	0.9919	+0.061%	$616K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9910	−0.030%	$1.2M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9909	−0.044%	$696K	$1.4M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9913	0.000%	$2.7M	$703K	75x	as long as short
Kraken Futures PF_FILUSD	+0.0251%	1h	0.9917	+0.043%	$1.4M	$2.2M	50x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0593% / S −0.0268%	1h	0.9916	+0.033%	$265K	—	100x	as long as short