Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.009%

Price spread now: dYdX against Bitget+0.132%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.132% dearer against Bitget than usual: you sell high and buy low (spread +0.132% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget FILUSDT	0.9846	0.0049	pay 0.0049% / 8h	7h 55m	$10.8M	$21.6M	75x
Short	dYdX FIL-USD	0.9859	0	get 0.0000% / 1h	55m 29s	$57K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$10.29
Price spread: +0.132% → 0.000%: $13.22
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$19.07
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; dYdX: 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 Bitget live order book, 3 min ago	0.51 bp	12.8 bp −$13	17.5 bp −$175	41.9 bp −$4,187	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0560%	1h	0.9873	+0.274%	$170K	$23K	25x	as long as short
Kraken Futures PF_FILUSD	−0.0332%	1h	0.9875	+0.291%	$1.3M	$2.4M	50x	as long as short
Gate FIL_USDT	−0.0331%	8h	0.9852	+0.061%	$8.2M	$16.0M	50x	as long as short
Coinbase International FIL-PERP-INTX	−0.0328%	1h	0.9881	+0.355%	$318K	$1.8M	50x	as long as short
Bybit FILUSDT	−0.0051%	8h	0.9846	0.000%	$15.4M	$18.4M	25x	as long as short
KuCoin FILUSDTM	−0.0035%	8h	0.9855	+0.091%	$7.4M	$7.1M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0025%	8h	0.9842	−0.041%	$18.0M	$98.6M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9866	+0.206%	$25K	—	150x	as long as short
dYdX FIL-USDshort	0.0000%	1h	0.9859	+0.132%	$57K	$2K	10x
Extended FIL-USD	+0.0032%	1h	0.9843	−0.035%	$689K	$2.3M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance FILUSDT	+0.0032%	8h	0.9842	−0.039%	$57.0M	$179.5M	75x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	+0.091%	$2K	$240K	12x	as long as short
BingX FIL-USDT	+0.0046%	8h	0.9847	+0.010%	—	$11.9M	—	as long as short
Bitget FILUSDTlong	+0.0049%	8h	0.9846	long leg	$10.8M	$21.6M	75x
MEXC FIL_USDC	+0.0054%	8h	0.9857	+0.112%	$247K	$103K	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9851	+0.055%	$158K	$345K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9859	+0.137%	$8.5M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9848	+0.019%	$493K	$546K	20x	as long as short
Variational Omni FIL	+0.0100%	8h	0.9866	+0.205%	$440K	$278K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9856	+0.103%	$45K	$293K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9855	+0.094%	$287K	$816K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9850	+0.041%	$30K	$196K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9870	+0.248%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9860	+0.142%	$2K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9869	+0.234%	$484	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9870	+0.244%	$625K	$5.7M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9870	+0.244%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0136%	8h	0.9857	+0.112%	$2.7M	$568K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0539% / S −0.0538%	1h	0.9862	+0.167%	$196K	—	100x	as long as short