Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h −0.148%

Price spread now: Coinbase International against edgeX+0.264%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.330%−$33 on $10k

Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.264%, 7d avg +0.137%

Together, before fees−0.603%+ Points / potential airdropedgeX: Active · farm board−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.127% dearer against edgeX than usual: you sell high and buy low (spread +0.264% now, against its 7-day average of +0.137%): +$13 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.330% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX FILUSDC	1.0044	0.0100	pay 0.0050% / 4h	1h 07m	$46K	$295K	10x
Short	Coinbase International FIL-PERP-INTX	1.0070	−0.0256	pay 0.0032% / 1h	7m 12s	$377K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.264%Rate

Funding earned: −$74.76
Price spread: +0.264% → +0.137%: $12.65
Slippage, 4 orders: −$24.05
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$105.16
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from edgeX: live order book, 56 min ago; Coinbase International: live order book, 2 min ago.

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 edgeX live order book, 56 min ago	3.52 bp	8.5 bp −$9	30.8 bp −$308	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	5.48 bp	13.1 bp −$13	18.4 bp −$184	doesn't fit	doesn't fit

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	−0.0547%	1h	1.0032	−0.115%	$173K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTXshort	−0.0256%	1h	1.0070	+0.264%	$377K	$2.2M	50x
Kraken Futures PF_FILUSD	−0.0127%	1h	1.0031	−0.120%	$1.4M	$2.3M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0064%	8h	1.0028	−0.155%	$18.9M	$102.0M	50x	as long as short
KuCoin FILUSDTM	−0.0015%	8h	1.0027	−0.164%	$7.4M	$7.3M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0003% / S +0.0006%	1h	1.0031	−0.121%	$27K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	1.0040	−0.034%	$59K	$2K	10x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−1.877%	$2K	$240K	12x	as long as short
Extended FIL-USD	+0.0072%	1h	1.0023	−0.207%	$708K	$3.3M	10x	as long as short
Binance FILUSDT	+0.0075%	8h	1.0026	−0.174%	$58.6M	$179.9M	75x	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	+0.0090%	8h	1.0020	−0.234%	$243K	$105K	50x	as long as short
Lighter FIL	+0.0096%	1h	1.0025	−0.184%	$158K	$354K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	1.0030	−0.135%	$8.6M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	1.0032	−0.119%	$518K	$586K	20x	as long as short
Bybit FILUSDT	+0.0100%	8h	1.0027	−0.164%	$15.8M	$19.6M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	1.0028	−0.155%	$8.6M	$16.6M	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	1.0025	−0.184%	$11.1M	$20.3M	75x	as long as short
BingX FIL-USDC	+0.0100%	8h	1.0025	−0.184%	—	$6.5M	—	as long as short
Variational Omni FIL	+0.0100%	8h	1.0047	+0.030%	$452K	$265K	—	as long as short
edgeX FILUSDClong	+0.0100%	4h	1.0044	long leg	$46K	$295K	10x
GRVT FIL_USDT_Perp	+0.0100%	8h	1.0044	+0.003%	$291K	$914K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	1.0050	+0.065%	$30K	$182K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	1.0040	−0.032%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	1.0020	−0.234%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	1.0023	−0.204%	$479	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	1.0030	−0.135%	$628K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	1.0020	−0.234%	$1.1M	$2.5M	50x	as long as short
BloFin FIL-USDT	+0.0195%	8h	1.0025	−0.184%	$2.8M	$650K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0574% / S −0.0237%	1h	1.0032	−0.118%	$268K	—	100x	as long as short