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

FIL

all FIL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.179%
Price spread now: Orderly against Deribit+0.078%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.078% dearer against Deribit than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit FIL_USDC-PERPETUAL1.00260get 0.0000% / 1h55m 36s$172K$23K25x
ShortOrderly PERP_FIL_USDC_mythos1.00340.0100get 0.0050% / 4h1h 55m$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Deribit. 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
$21
Price spread: +0.078% → 0.000%
$7.78
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Orderly: 3 bp × 2 orders
−$6
Net
$15.78
Costs to cover
0.130%
Break-even
1.7 days
Slippage unknown: Deribit: live order book, 8 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 8 min ago75.24 bp78.7 bp −$79doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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 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
Coinbase International FIL-PERP-INTX−0.0256%1h1.0010−0.160%$379K$2.1M50xas long as short
Kraken Futures PF_FILUSD−0.0127%1h1.0011−0.154%$1.4M$2.3M50xas long as short
OKX FIL-USDT-SWAP−0.0059%8h0.9966−0.598%$18.9M$98.3M50xas long as short
KuCoin FILUSDTM−0.0037%8h0.9975−0.509%$7.4M$7.2M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h1.0026−0.003%$26K150xas long as short
dYdX FIL-USD0.0000%1h0.9975−0.507%$58K$2K10xas long as short
Deribit FIL_USDC-PERPETUALlong0.0000%1h1.0026long leg$172K$23K25x
Injective FIL/USDC PERP+0.0033%1h0.9855−1.706%$2K$240K12xas long as short
Binance FILUSDT+0.0048%8h0.9968−0.580%$57.6M$177.0M75xas long as short
Extended FIL-USD+0.0048%1h0.9968−0.583%$702K$3.3M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC FIL_USDC+0.0084%8h0.9978−0.479%$244K$102K50xas long as short
Lighter FIL+0.0096%1h0.9970−0.557%$159K$352K5xas long as short
Hyperliquid FIL+0.0100%1h0.9987−0.388%$8.6M$9.5M5xas long as short
Aster FILUSDT+0.0100%8h0.9990−0.357%$510K$582K20xas long as short
Bybit FILUSDT+0.0100%8h0.9969−0.569%$15.6M$19.0M25xas long as short
Gate FIL_USDT+0.0100%8h0.9974−0.519%$8.5M$16.3M50xas long as short
Bitget FILUSDT+0.0100%8h0.9968−0.578%$11.0M$20.2M75xas long as short
BingX FIL-USDC+0.0100%8h0.9974−0.519%$6.5Mas long as short
Variational Omni FIL+0.0100%8h1.0031+0.048%$450K$266Kas long as short
edgeX FILUSDC+0.0100%4h0.9967−0.585%$46K$294K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9969−0.567%$292K$863K10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9970−0.559%$30K$185K50xas long as short
Orderly PERP_FIL_USDC_mythosshort+0.0100%4h1.0034+0.078%$5K10x
SunX FIL-USDT+0.0100%8h1.0000−0.259%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h1.0004−0.219%$485$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9998−0.279%$643K$5.7M75xas long as short
Phemex FILUSDT+0.0100%8h0.9990−0.359%$1.1M$2.4M50xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0575% / S −0.0237%1h1.0035+0.089%$268K100xas long as short