Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.005%

Price spread now: BloFin against Orderly−0.253%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on BloFin

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.253% cheaper against Orderly than usual: you would sell low and buy high (spread −0.253% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 7.0 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_FIL_USDC_mythos	0.9926	0.0100	pay 0.0050% / 4h	1h 45m	$4K	$798	10x
Short	BloFin FIL-USDT	0.9901	0.0220	get 0.0220% / 8h	1h 45m	$2.7M	$688K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Orderly. 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 OrderlybpFee BloFinbpOrdersPrice spread, now −0.253%Rate

Funding earned: $25.2
Price spread: −0.253% → 0.000%: −$25.29
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$18.09
Costs to cover: 0.180%
Break-even: 12.0 days

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 3 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 Orderly no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	1.01 bp	7.0 bp −$7	11.3 bp −$113	30.9 bp −$3,094	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit FIL_USDC-PERPETUAL	−0.0354%	1h	0.9923	−0.031%	$171K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0248%	1h	0.9909	−0.172%	$351K	$2.3M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9921	−0.047%	$26K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9903	−0.236%	$58K	$1K	10x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.716%	$2K	$240K	12x	as long as short
OKX FIL-USDT-SWAP	+0.0047%	8h	0.9905	−0.213%	$18.0M	$109.6M	50x	as long as short
KuCoin FILUSDTM	+0.0060%	8h	0.9916	−0.102%	$7.1M	$8.0M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9915	−0.108%	$148K	$355K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9915	−0.109%	$8.3M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9914	−0.118%	$506K	$608K	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance FILUSDT	+0.0100%	8h	0.9913	−0.136%	$55.9M	$188.2M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9905	−0.213%	$15.6M	$20.6M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9913	−0.132%	$8.2M	$16.6M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9912	−0.142%	$230K	$103K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9911	−0.152%	$11.3M	$20.1M	75x	as long as short
BingX FIL-USDC	+0.0100%	8h	0.9913	−0.132%	—	$6.5M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9892	−0.346%	$440K	$273K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9912	−0.140%	$45K	$296K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9910	−0.158%	$295K	$1.3M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9920	−0.061%	$29K	$183K	50x	as long as short
Orderly PERP_FIL_USDC_mythoslong	+0.0100%	4h	0.9926	long leg	$4K	$798	10x
SunX FIL-USDT	+0.0100%	8h	0.9890	−0.364%	$3K	$1.2M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9916	−0.102%	$486	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9915	−0.112%	$616K	$5.7M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9920	−0.061%	$1.2M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9916	−0.106%	$697K	$1.4M	10x	as long as short
BloFin FIL-USDTshort	+0.0220%	8h	0.9901	−0.253%	$2.7M	$688K	75x
Kraken Futures PF_FILUSD	+0.0246%	1h	0.9925	−0.007%	$1.4M	$2.2M	50x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0602% / S −0.0280%	1h	0.9922	−0.046%	$265K	—	100x	as long as short