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

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.036%
Price spread now: Bybit against Orderly−0.135%50s7-day average · you buy dearer than you sell
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.135% cheaper against Orderly than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_FIL_USDC_mythos0.98780.0100pay 0.0050% / 4h3h 30m$5K10x
ShortBybit FILUSDT0.98650.0100get 0.0100% / 8h7h 30m$15.3M$18.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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
$0
Price spread: −0.135% → 0.000%
−$13.46
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$30.46
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 3 min ago. 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 Orderly no order-book sample
Sell Bybit live order book, 3 min ago0.51 bp9.5 bp −$1039.1 bp −$391doesn't fitdoesn't fit
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
Deribit FIL_USDC-PERPETUAL−0.0661%1h0.9871−0.074%$170K$23K25xas long as short
Kraken Futures PF_FILUSD−0.0332%1h0.9869−0.094%$1.3M$2.4M50xas long as short
Coinbase International FIL-PERP-INTX−0.0328%1h0.9869−0.094%$315K$1.8M50xas long as short
KuCoin FILUSDTM−0.0040%8h0.9866−0.125%$7.4M$7.1M50xas long as short
OKX FIL-USDT-SWAP−0.0040%8h0.9864−0.145%$17.9M$97.7M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9870−0.088%$25K150xas long as short
dYdX FIL-USD0.0000%1h0.9875−0.029%$58K$2K10xas long as short
Binance FILUSDT+0.0029%8h0.9865−0.135%$56.9M$177.8M75xas long as short
Extended FIL-USD+0.0032%1h0.9866−0.127%$691K$3.6M10xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9855−0.236%$2K$240K12xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC FIL_USDC+0.0061%8h0.9862−0.165%$244K$105K50xas long as short
Bitget FILUSDT+0.0065%8h0.9866−0.125%$10.9M$21.4M75xas long as short
Lighter FIL+0.0096%1h0.9862−0.169%$159K$346K5xas long as short
Hyperliquid FIL+0.0100%1h0.9869−0.089%$8.5M$9.5M5xas long as short
Aster FILUSDT+0.0100%8h0.9869−0.098%$503K$553K20xas long as short
Bybit FILUSDTshort+0.0100%8h0.9865−0.135%$15.3M$18.2M25x
Gate FIL_USDT+0.0100%8h0.9869−0.094%$8.2M$16.1M50xas long as short
BingX FIL-USDT+0.0100%8h0.9867−0.114%$11.8Mas long as short
Variational Omni FIL+0.0100%8h0.9865−0.135%$443K$280Kas long as short
edgeX FILUSDC+0.0100%4h0.9847−0.315%$45K$294K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9856−0.230%$291K$812K10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9870−0.084%$30K$195K50xas long as short
Orderly PERP_FIL_USDC_mythoslong+0.0100%4h0.9878long leg$5K10x
SunX FIL-USDT+0.0100%8h0.9870−0.084%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9863−0.155%$485$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9876−0.023%$629K$5.6M75xas long as short
Phemex FILUSDT+0.0100%8h0.9860−0.185%$1.1M$2.3M50xas long as short
BloFin FIL-USDT+0.0116%8h0.9864−0.145%$2.6M$575K75xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0539% / S −0.0538%1h0.9869−0.094%$196K100xas long as short