Funding arb · Price arb /

FIL

all FIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0609%/8h= +66.7% APRpaid last 24h +0.381%

Price spread now: GMX against Orderly−0.026%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 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. GMX is 0.026% cheaper against Orderly than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_FIL_USDC_mythos	0.9946	0.0100	pay 0.0050% / 4h	1h 04m	$5K	—	10x
Short	GMX FIL/USD [WBTC.b-USDC]	0.9943	L +0.0601% / S −0.0709%	get 0.0089% / 1h	4m 43s	$208K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $127.95
Price spread: −0.026% → 0.000%: −$2.56
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $107.38
Costs to cover: 0.180%
Break-even: 1.1 days

Slippage unknown: Orderly: no order-book sample; GMX: 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 Orderly no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Orderly and GMX: 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
Kraken Futures PF_FILUSD	−0.0690%	1h	0.9944	−0.020%	$1.3M	$2.3M	50x	as long as short
Deribit FIL_USDC-PERPETUAL	−0.0554%	1h	0.9947	+0.010%	$171K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0376%	1h	0.9946	0.000%	$323K	$1.9M	50x	as long as short
Injective FIL/USDC PERP	−0.0252%	1h	0.9855	−0.915%	$2K	$240K	12x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9943	−0.028%	$25K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9949	+0.026%	$58K	$2K	10x	as long as short
Bitget FILUSDT	+0.0011%	8h	0.9944	−0.020%	$10.9M	$21.4M	75x	as long as short
KuCoin FILUSDTM	+0.0013%	8h	0.9948	+0.020%	$7.5M	$7.1M	50x	as long as short
Bybit FILUSDT	+0.0036%	8h	0.9944	−0.020%	$15.5M	$18.1M	25x	as long as short
OKX FIL-USDT-SWAP	+0.0037%	8h	0.9940	−0.060%	$18.2M	$98.7M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended FIL-USD	+0.0072%	1h	0.9939	−0.070%	$692K	$2.3M	10x	as long as short
MEXC FIL_USDC	+0.0072%	8h	0.9939	−0.070%	$253K	$105K	50x	as long as short
Binance FILUSDT	+0.0074%	8h	0.9945	−0.008%	$57.5M	$176.4M	75x	as long as short
BingX FIL-USDT	+0.0076%	8h	0.9946	0.000%	—	$11.9M	—	as long as short
Lighter FIL	+0.0096%	1h	0.9939	−0.067%	$159K	$349K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9946	0.000%	$8.7M	$9.5M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9950	+0.040%	$500K	$526K	20x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9943	−0.030%	$7.9M	$16.3M	50x	as long as short
Variational Omni FIL	+0.0100%	8h	0.9931	−0.149%	$442K	$277K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9919	−0.268%	$45K	$293K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9919	−0.270%	$288K	$790K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9930	−0.161%	$30K	$197K	50x	as long as short
Orderly PERP_FIL_USDC_mythoslong	+0.0100%	4h	0.9946	long leg	$5K	—	10x
SunX FIL-USDT	+0.0100%	8h	0.9940	−0.060%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9939	−0.070%	$491	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9949	+0.030%	$630K	$5.6M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9940	−0.060%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0195%	8h	0.9941	−0.050%	$2.7M	$661K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]short	L +0.0601% / S −0.0709%	1h	0.9943	−0.026%	$208K	—	100x