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

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.017%
Price spread now: Orderly against Injective+1.346%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 +$2 a day on $10k at the current rate, and Orderly is 1.346% dearer against Injective than usual: you sell high and buy low: +$135 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective FIL/USDC PERP0.98550.0033pay 0.0004% / 1h20m 38s$2K$240K12x
ShortOrderly PERP_FIL_USDC_mythos0.99880.0100get 0.0050% / 4h20m 38s$4K$79810x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Injective. 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
$14
Price spread: +1.346% → 0.000%
$134.55
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Orderly: 3 bp × 2 orders
−$6
Net
$142.53
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample
Sell Orderly no order-book sample
Injective and 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 29 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−0.0751%1h0.9985+1.319%$172K$23K25xas long as short
Coinbase International FIL-PERP-INTX−0.0208%1h0.9979+1.258%$367K$2.1M50xas long as short
OKX FIL-USDT-SWAP−0.0055%8h0.9971+1.177%$18.5M$104.7M50xas long as short
KuCoin FILUSDTM−0.0010%8h0.9983+1.299%$7.3M$7.5M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9984+1.313%$26K150xas long as short
dYdX FIL-USD0.0000%1h0.9986+1.324%$58K$2K10xas long as short
Injective FIL/USDC PERPlong+0.0033%1h0.9855long leg$2K$240K12x
Kraken Futures PF_FILUSD+0.0043%1h0.9984+1.307%$1.4M$2.3M50xas long as short
Lighter FIL+0.0096%1h0.9982+1.285%$155K$362K5xas long as short
Hyperliquid FIL+0.0100%1h0.9990+1.367%$8.5M$9.5M5xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster FILUSDT+0.0100%8h0.9984+1.306%$514K$606K20xas long as short
Binance FILUSDT+0.0100%8h0.9979+1.255%$57.4M$183.1M75xas long as short
Bybit FILUSDT+0.0100%8h0.9977+1.238%$15.7M$20.0M25xas long as short
Gate FIL_USDT+0.0100%8h0.9985+1.319%$8.5M$16.7M50xas long as short
MEXC FIL_USDC+0.0100%8h0.9977+1.238%$242K$104K50xas long as short
Bitget FILUSDT+0.0100%8h0.9979+1.258%$11.2M$20.3M75xas long as short
BingX FIL-USDC+0.0100%8h0.9981+1.279%$6.5Mas long as short
Variational Omni FIL+0.0100%8h0.9974+1.204%$449K$264Kas long as short
edgeX FILUSDC+0.0100%4h0.9994+1.409%$45K$295K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9993+1.399%$297K$974K10xas long as short
ApeX Omni FILUSDT+0.0100%1h1.0020+1.674%$30K$181K50xas long as short
Orderly PERP_FIL_USDC_mythosshort+0.0100%4h0.9988+1.346%$4K$79810x
SunX FIL-USDT+0.0100%8h0.9970+1.167%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9980+1.268%$480$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9983+1.299%$625K$5.8M75xas long as short
Phemex FILUSDT+0.0100%8h0.9970+1.167%$1.2M$2.5M50xas long as short
Extended FIL-USD+0.0104%1h0.9978+1.243%$711K$3.3M10xas long as short
BloFin FIL-USDT+0.0220%8h0.9976+1.228%$2.7M$665K75xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0574% / S −0.0237%1h0.9983+1.303%$266K100xas long as short