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

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against SoDEX−0.081%63s7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.081% cheaper against SoDEX than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX FIL-USD0.99080.0100pay 0.0013% / 1h42m 13s$482$11K5x
ShortPhemex FILUSDT0.99000.0100get 0.0100% / 8h1h 42m$1.2M$2.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against SoDEX. 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
$0
Price spread: −0.081% → 0.000%
−$8.07
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$28.07
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Phemex: live order book, 1 min ago. 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 SoDEX no order-book sample
Sell Phemex live order book, 1 min ago5.05 bp35.0 bp −$3597.1 bp −$971doesn't fitdoesn't fit
SoDEX: 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−0.0557%1h0.9906−0.020%$170K$23K25xas long as short
Coinbase International FIL-PERP-INTX−0.0248%1h0.9919+0.111%$352K$2.3M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9902−0.059%$26K150xas long as short
dYdX FIL-USD0.0000%1h0.9904−0.038%$58K$1K10xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9855−0.535%$2K$240K12xas long as short
OKX FIL-USDT-SWAP+0.0044%8h0.9903−0.050%$17.9M$109.5M50xas long as short
KuCoin FILUSDTM+0.0059%8h0.9899−0.091%$7.1M$8.0M50xas long as short
Lighter FIL+0.0096%1h0.9899−0.096%$148K$355K5xas long as short
Hyperliquid FIL+0.0100%1h0.9905−0.032%$8.3M$9.4M5xas long as short
Aster FILUSDT+0.0100%8h0.9903−0.048%$506K$608K20xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance FILUSDT+0.0100%8h0.9903−0.050%$55.8M$188.0M75xas long as short
Bybit FILUSDT+0.0100%8h0.9903−0.050%$15.6M$20.6M25xas long as short
Gate FIL_USDT+0.0100%8h0.9904−0.040%$8.2M$16.6M50xas long as short
MEXC FIL_USDC+0.0100%8h0.9898−0.101%$230K$104K50xas long as short
Bitget FILUSDT+0.0100%8h0.9899−0.091%$11.3M$20.2M75xas long as short
BingX FIL-USDT+0.0100%8h0.9903−0.050%$11.8Mas long as short
Variational Omni FIL+0.0100%8h0.9892−0.164%$440K$273Kas long as short
edgeX FILUSDC+0.0100%4h0.9906−0.021%$45K$296K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9910+0.024%$295K$1.3M10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9920+0.121%$29K$183K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h0.9909+0.015%$4K$79810xas long as short
SunX FIL-USDT+0.0100%8h0.9890−0.182%$3K$1.2M20xas long as short
SoDEX FIL-USDlong+0.0100%1h0.9908long leg$482$11K5x
HTX FIL-USDT+0.0100%8h0.9912+0.040%$615K$5.7M75xas long as short
Phemex FILUSDTshort+0.0100%8h0.9900−0.081%$1.2M$2.6M50x
Extended FIL-USD+0.0104%1h0.9896−0.117%$697K$1.4M10xas long as short
BloFin FIL-USDT+0.0220%8h0.9912+0.040%$2.7M$688K75xas long as short
Kraken Futures PF_FILUSD+0.0246%1h0.9905−0.025%$1.3M$2.2M50xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0601% / S −0.0280%1h0.9901−0.068%$265K100xas long as short