FIL arbitrage explained
Right now Filecoin (FIL) trades on 11 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bitget perp at $1.10 and the highest bid on Bitget spot at $1.11.
The widest FIL perpetual spread is between Bitget and Variational: long FIL on Bitget at $1.10 and short on Variational at $1.10 for +0.08% gross, or -0.08% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.004% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best FIL route is to buy spot on OKX and short the perpetual on Variational: -0.01% gross, -0.21% net, with +0.019% a day of funding on the short leg.
Spot–spot FIL arbitrage (buy on OKX, withdraw, deposit and sell on Bitget) shows +0.04% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small FIL gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: FIL funding rates · FIL spread charts · Filecoin price · arbitrage scanner for all coins.