Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.252%

Price spread now: GMX against Orderly−0.136%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on GMX

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. GMX is 0.136% cheaper against Orderly than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.5 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_FIL_USDC_mythos	1.0017	0.0100	pay 0.0050% / 4h	2h 06m	$4K	$798	10x
Short	GMX FIL/USD [WBTC.b-USDC]	1.0003	L +0.0604% / S −0.0280%	get 0.0035% / 1h	6m 35s	$268K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee OrderlybpFee GMXbpOrdersPrice spread, now −0.136%Rate

Funding earned: $37.83
Price spread: −0.136% → 0.000%: −$13.61
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $6.22
Costs to cover: 0.180%
Break-even: 5.8 days

Slippage unknown: Orderly: no order-book sample; GMX: 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 Orderly no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Orderly and GMX: 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	−0.0240%	1h	1.0001	−0.161%	$357K	$2.3M	50x	as long as short
Deribit FIL_USDC-PERPETUAL	−0.0050%	1h	1.0012	−0.051%	$172K	$23K	25x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	1.0003	−0.137%	$26K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	1.0000	−0.170%	$58K	$1K	10x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−1.618%	$2K	$240K	12x	as long as short
OKX FIL-USDT-SWAP	+0.0048%	8h	0.9995	−0.221%	$18.2M	$110.4M	50x	as long as short
KuCoin FILUSDTM	+0.0063%	8h	0.9996	−0.211%	$7.3M	$7.9M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9993	−0.241%	$148K	$385K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9998	−0.195%	$8.4M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	1.0001	−0.160%	$510K	$605K	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	0.9996	−0.208%	$56.5M	$187.7M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9994	−0.231%	$15.7M	$20.7M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9997	−0.201%	$8.4M	$16.9M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9996	−0.211%	$236K	$105K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9994	−0.231%	$11.4M	$20.1M	75x	as long as short
BingX FIL-USDC	+0.0100%	8h	0.9999	−0.181%	—	$6.5M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9976	−0.413%	$451K	$264K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9983	−0.342%	$45K	$294K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9979	−0.376%	$289K	$1.2M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9990	−0.271%	$29K	$184K	50x	as long as short
Orderly PERP_FIL_USDC_mythoslong	+0.0100%	4h	1.0017	long leg	$4K	$798	10x
SunX FIL-USDT	+0.0100%	8h	1.0000	−0.171%	$3K	$1.2M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	1.0006	−0.111%	$489	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	1.0008	−0.091%	$622K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	1.0000	−0.171%	$1.2M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9997	−0.199%	$704K	$1.4M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9998	−0.191%	$2.6M	$701K	75x	as long as short
Kraken Futures PF_FILUSD	+0.0248%	1h	1.0009	−0.076%	$1.4M	$2.2M	50x	as long as short
GMX FIL/USD [WBTC.b-USDC]short	L +0.0604% / S −0.0280%	1h	1.0003	−0.136%	$268K	—	100x