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

FIL

all FIL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.144%
Price spread now: edgeX against Coinbase International−0.426%7-day average −0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$440.443% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.329%+$33 on $10k
Price spread, last 3 days (all we have)+0.347%+$35 · spread now −0.426%, 7d avg −0.135%
Together, before fees+0.676%+ Points / potential airdropedgeX: Active · farm board+$68 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.291% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.426% now, against its 7-day average of −0.135%). If the spread goes back, that is −$29 on $10k: about 2.7 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.329% in total) that is about 6.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International FIL-PERP-INTX1.0010−0.0256get 0.0032% / 1h54m 44s$379K$2.1M50x
ShortedgeX FILUSDC0.99670.0100get 0.0050% / 4h1h 54m$46K$294K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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
$74.76
Price spread: −0.426% → −0.135%
−$29.09
Slippage, 4 orders
−$25.34
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$1.33
Costs to cover
0.443%
Break-even
6.9 days
Slippage from Coinbase International: live order book, 4 min ago; edgeX: live order book, 8 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 Coinbase International live order book, 4 min ago6.00 bp13.8 bp −$1418.3 bp −$183doesn't fitdoesn't fit
Sell edgeX live order book, 8 min ago3.52 bp9.1 bp −$9148.2 bp −$1,482doesn't fitdoesn't fit

FIL on 28 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−0.0351%1h0.9979−0.310%$172K$23K25xas long as short
Coinbase International FIL-PERP-INTXlong−0.0256%1h1.0010long leg$379K$2.1M50x
Kraken Futures PF_FILUSD−0.0128%1h0.9982−0.276%$1.4M$2.3M50xas long as short
OKX FIL-USDT-SWAP−0.0059%8h0.9977−0.330%$18.9M$98.3M50xas long as short
KuCoin FILUSDTM−0.0040%8h0.9982−0.280%$7.4M$7.2M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9976−0.342%$26K150xas long as short
dYdX FIL-USD0.0000%1h0.9980−0.296%$58K$2K10xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9855−1.548%$2K$240K12xas long as short
Binance FILUSDT+0.0048%8h0.9983−0.270%$57.7M$177.1M75xas long as short
Extended FIL-USD+0.0048%1h0.9987−0.230%$702K$3.3M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC FIL_USDC+0.0084%8h0.9981−0.290%$244K$102K50xas long as short
Lighter FIL+0.0096%1h0.9980−0.302%$159K$352K5xas long as short
Hyperliquid FIL+0.0100%1h0.9982−0.280%$8.6M$9.5M5xas long as short
Aster FILUSDT+0.0100%8h0.9993−0.172%$510K$582K20xas long as short
Bybit FILUSDT+0.0100%8h0.9981−0.290%$15.7M$19.0M25xas long as short
Gate FIL_USDT+0.0100%8h0.9990−0.200%$8.5M$16.3M50xas long as short
Bitget FILUSDT+0.0100%8h0.9976−0.340%$11.0M$20.2M75xas long as short
BingX FIL-USDT+0.0100%8h0.9986−0.240%$11.9Mas long as short
Variational Omni FIL+0.0100%8h1.0031+0.208%$450K$266Kas long as short
edgeX FILUSDCshort+0.0100%4h0.9967−0.426%$46K$294K10x
GRVT FIL_USDT_Perp+0.0100%8h0.9969−0.408%$292K$863K10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9970−0.400%$30K$185K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h0.9982−0.284%$5K10xas long as short
SunX FIL-USDT+0.0100%8h0.9960−0.500%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9977−0.330%$480$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9969−0.410%$638K$5.7M75xas long as short
Phemex FILUSDT+0.0100%8h0.9970−0.400%$1.1M$2.4M50xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0573% / S −0.0237%1h0.9976−0.340%$266K100xas long as short