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

FIL

all FIL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.020%
Price spread now: Bitget against BloFin+0.120%85s7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$450.445% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.145%−$15 on $10k
Price spread, last 3 days (all we have)−0.153%−$15 · spread now +0.120%, 7d avg −0.038%
Together, before fees−0.298%−$30 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.158% dearer against BloFin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.038%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin FIL-USDT0.99930.0093pay 0.0093% / 8h6h 47m$2.7M$610K75x
ShortBitget FILUSDT1.00050.0094get 0.0094% / 8h6h 47m$11.2M$22.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
$0.11
Price spread: +0.120% → −0.038%
$15.77
Slippage, 4 orders
−$20.54
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$28.65
Costs to cover
0.445%
Break-even
1843.8 days
Slippage from BloFin: live order book, 5 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago0.50 bp6.5 bp −$710.4 bp −$10425.0 bp −$2,498doesn't fit
Sell Bitget live order book, 1 min ago2.00 bp9.7 bp −$1018.9 bp −$18960.8 bp −$6,080doesn't fit

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
Coinbase International FIL-PERP-INTX−0.0296%1h1.0000+0.070%$376K$2.1M50xas long as short
Kraken Futures PF_FILUSD−0.0191%1h1.0009+0.156%$1.4M$2.4M50xas long as short
OKX FIL-USDT-SWAP−0.0061%8h1.0002+0.090%$18.4M$100.2M50xas long as short
KuCoin FILUSDTM−0.0042%8h1.0010+0.170%$7.4M$7.3M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0005% / S +0.0006%1h0.9993+0.005%$36K150xas long as short
dYdX FIL-USD0.0000%1h0.9992−0.010%$58K$2K10xas long as short
Deribit FIL_USDC-PERPETUAL0.0000%1h1.0005+0.120%$172K$23K25xas long as short
Extended FIL-USD+0.0024%1h1.0006+0.127%$699K$3.3M10xas long as short
Binance FILUSDT+0.0025%8h1.0004+0.114%$57.5M$181.9M75xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9855−1.381%$2K$240K12xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate FIL_USDT+0.0037%8h1.0004+0.110%$8.3M$15.9M50xas long as short
MEXC FIL_USDC+0.0064%8h1.0003+0.100%$245K$103K50xas long as short
BloFin FIL-USDTlong+0.0093%8h0.9993long leg$2.7M$610K75x
Bitget FILUSDTshort+0.0094%8h1.0005+0.120%$11.2M$22.0M75x
Lighter FIL+0.0096%1h0.9987−0.059%$161K$342K5xas long as short
Hyperliquid FIL+0.0100%1h1.0004+0.110%$8.6M$9.5M5xas long as short
Aster FILUSDT+0.0100%8h1.0013+0.196%$511K$611K20xas long as short
Bybit FILUSDT+0.0100%8h1.0007+0.140%$15.7M$18.8M25xas long as short
BingX FIL-USDT+0.0100%8h1.0004+0.110%$11.9Mas long as short
Variational Omni FIL+0.0100%8h0.9935−0.581%$447K$269Kas long as short
edgeX FILUSDC+0.0100%4h0.9940−0.525%$46K$294K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9947−0.458%$292K$836K10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9940−0.530%$30K$193K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h0.9997+0.044%$5K10xas long as short
SunX FIL-USDT+0.0100%8h0.9990−0.030%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9996+0.030%$492$11K5xas long as short
HTX FIL-USDT+0.0100%8h1.0013+0.200%$643K$5.8M75xas long as short
Phemex FILUSDT+0.0100%8h1.0000+0.070%$1.1M$2.3M50xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0572% / S −0.0592%1h0.9995+0.025%$202K100xas long as short