Funding arb · Price arb /

FIL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.005%

Price spread now: Bitget against dYdX−0.137%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bitget

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

Funding pays, the price is against you. Bitget is 0.137% cheaper against dYdX than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 4.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX FIL-USD	1.0027	0	get 0.0000% / 1h	24m 10s	$58K	$2K	10x
Short	Bitget FILUSDT	1.0013	0.0100	get 0.0100% / 8h	4h 24m	$11.2M	$20.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now −0.137%Rate

Funding earned: $21
Price spread: −0.137% → 0.000%: −$13.66
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$14.66
Costs to cover: 0.220%
Break-even: 11.9 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 5 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	1.00 bp	13.2 bp −$13	19.9 bp −$199	42.1 bp −$4,213	doesn't fit

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	−0.0348%	1h	1.0021	−0.057%	$172K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0208%	1h	1.0015	−0.117%	$369K	$2.1M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0056%	8h	1.0012	−0.147%	$18.6M	$105.0M	50x	as long as short
KuCoin FILUSDTM	−0.0012%	8h	1.0015	−0.117%	$7.3M	$7.5M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	1.0019	−0.073%	$26K	—	150x	as long as short
dYdX FIL-USDlong	0.0000%	1h	1.0027	long leg	$58K	$2K	10x
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−1.712%	$2K	$240K	12x	as long as short
Kraken Futures PF_FILUSD	+0.0043%	1h	1.0019	−0.079%	$1.4M	$2.3M	50x	as long as short
Lighter FIL	+0.0096%	1h	1.0010	−0.170%	$155K	$362K	5x	as long as short
Extended FIL-USD	+0.0096%	1h	1.0015	−0.113%	$711K	$3.3M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC FIL_USDC	+0.0099%	8h	1.0012	−0.147%	$243K	$104K	50x	as long as short
Binance FILUSDT	+0.0099%	8h	1.0014	−0.128%	$57.5M	$183.1M	75x	as long as short
Hyperliquid FIL	+0.0100%	1h	1.0020	−0.067%	$8.5M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	1.0022	−0.045%	$514K	$603K	20x	as long as short
Bybit FILUSDT	+0.0100%	8h	1.0014	−0.127%	$15.8M	$20.0M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	1.0020	−0.067%	$8.5M	$16.7M	50x	as long as short
Bitget FILUSDTshort	+0.0100%	8h	1.0013	−0.137%	$11.2M	$20.3M	75x
BingX FIL-USDT	+0.0100%	8h	1.0018	−0.087%	—	$11.8M	—	as long as short
Variational Omni FIL	+0.0100%	8h	1.0001	−0.260%	$450K	$264K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	1.0000	−0.271%	$45K	$295K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9996	−0.304%	$292K	$964K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	1.0000	−0.266%	$30K	$181K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	1.0027	+0.002%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	1.0010	−0.167%	$2K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	1.0013	−0.137%	$484	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	1.0029	+0.023%	$629K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	1.0010	−0.167%	$1.2M	$2.5M	50x	as long as short
BloFin FIL-USDT	+0.0217%	8h	1.0011	−0.157%	$2.7M	$662K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0575% / S −0.0237%	1h	1.0019	−0.079%	$267K	—	100x	as long as short