Funding arb · Price arb /

FIL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.005%

Price spread now: dYdX against Bitget+0.121%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−0.174%−$17 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 0.121% dearer against Bitget than usual: you sell high and buy low (spread +0.121% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget FILUSDT	0.9939	0.0100	pay 0.0100% / 8h	1h 55m	$11.4M	$20.2M	75x
Short	dYdX FIL-USD	0.9951	0	get 0.0000% / 1h	55m 57s	$58K	$1K	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 +0.121%Rate

Funding earned: −$21
Price spread: +0.121% → 0.000%: $12.07
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$30.93
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	0.50 bp	12.6 bp −$13	19.3 bp −$193	38.2 bp −$3,822	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	−0.0654%	1h	0.9950	+0.111%	$171K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0248%	1h	0.9951	+0.121%	$355K	$2.3M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9947	+0.083%	$26K	—	150x	as long as short
dYdX FIL-USDshort	0.0000%	1h	0.9951	+0.121%	$58K	$1K	10x
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.845%	$2K	$240K	12x	as long as short
OKX FIL-USDT-SWAP	+0.0048%	8h	0.9941	+0.020%	$18.0M	$109.8M	50x	as long as short
KuCoin FILUSDTM	+0.0061%	8h	0.9943	+0.040%	$7.3M	$7.9M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9942	+0.035%	$148K	$355K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9947	+0.084%	$8.4M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9952	+0.127%	$508K	$606K	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	0.9943	+0.040%	$56.2M	$187.8M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9941	+0.020%	$15.6M	$20.6M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9946	+0.070%	$8.3M	$16.6M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9939	0.000%	$234K	$102K	50x	as long as short
Bitget FILUSDTlong	+0.0100%	8h	0.9939	long leg	$11.4M	$20.2M	75x
BingX FIL-USDC	+0.0100%	8h	0.9943	+0.040%	—	$6.5M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9970	+0.308%	$452K	$265K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9965	+0.260%	$45K	$293K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9972	+0.335%	$295K	$1.3M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9980	+0.413%	$29K	$183K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9956	+0.166%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9940	+0.010%	$3K	$1.2M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9940	+0.010%	$486	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9948	+0.091%	$616K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9940	+0.010%	$1.2M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9940	+0.009%	$700K	$1.4M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9974	+0.352%	$2.7M	$700K	75x	as long as short
Kraken Futures PF_FILUSD	+0.0245%	1h	0.9947	+0.080%	$1.4M	$2.2M	50x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0603% / S −0.0280%	1h	0.9945	+0.064%	$266K	—	100x	as long as short