Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.018%

Price spread now: Injective against edgeX−1.389%107s7-day average +1.997% · you buy dearer than you sell

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

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −1.389%, 7d avg +1.997%

Together, before fees−0.024%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 3.386% cheaper against edgeX than usual: you would sell low and buy high (−$339 if the spread goes back to its 7-day average of +1.997%). Swap the legs. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX FILUSDC	0.9994	0.0100	pay 0.0050% / 4h	19m 27s	$45K	$295K	10x
Short	Injective FIL/USDC PERP	0.9855	0.0033	get 0.0004% / 1h	19m 27s	$2K	$240K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.389%Rate

Funding earned: −$14
Price spread: −1.389% → +1.997%: −$338.6
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$361.62
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 39 min ago; Injective: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 39 min ago	3.51 bp	9.0 bp −$9	77.7 bp −$777	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0551%	1h	0.9979	−0.149%	$172K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0208%	1h	0.9979	−0.149%	$367K	$2.1M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0055%	8h	0.9977	−0.169%	$18.5M	$104.8M	50x	as long as short
KuCoin FILUSDTM	−0.0011%	8h	0.9970	−0.239%	$7.3M	$7.5M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9977	−0.165%	$26K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9976	−0.183%	$58K	$2K	10x	as long as short
Injective FIL/USDC PERPshort	+0.0033%	1h	0.9855	−1.389%	$2K	$240K	12x
Kraken Futures PF_FILUSD	+0.0043%	1h	0.9979	−0.153%	$1.4M	$2.3M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9968	−0.261%	$154K	$362K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9979	−0.148%	$8.5M	$9.5M	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster FILUSDT	+0.0100%	8h	0.9978	−0.159%	$514K	$606K	20x	as long as short
Binance FILUSDT	+0.0100%	8h	0.9978	−0.159%	$57.4M	$183.0M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9976	−0.179%	$15.7M	$20.0M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9974	−0.199%	$8.4M	$16.7M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9969	−0.249%	$242K	$104K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9972	−0.219%	$11.2M	$20.3M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9977	−0.169%	—	$11.8M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9974	−0.202%	$449K	$264K	—	as long as short
edgeX FILUSDClong	+0.0100%	4h	0.9994	long leg	$45K	$295K	10x
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9993	−0.009%	$297K	$974K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9980	−0.139%	$30K	$181K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9982	−0.118%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9970	−0.239%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9974	−0.199%	$482	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9981	−0.129%	$625K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9970	−0.239%	$1.2M	$2.5M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9968	−0.255%	$711K	$3.3M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9976	−0.179%	$2.7M	$665K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0574% / S −0.0237%	1h	0.9976	−0.176%	$267K	—	100x	as long as short