Funding you earn now, next payment 05:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%
Price spread now: tradeXYZ against Coinbase International+0.625%7-day average +0.253% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$540.544% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 4 days (all we have)−0.615%−$61 · spread now +0.625%, 7d avg +0.253%
=Together, before fees−0.699%+ Points / potential airdroptradeXYZ: Active · farm board−$70 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.372% dearer against Coinbase International than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.253%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BE-PERP-INTX | 270.59 | 0.0056 | pay 0.0007% / 1h | 4m 52s | $473K | $130K | 10x |
| Short | tradeXYZ xyz:BE | 272.28 | 0.0050 | get 0.0006% / 1h | 4m 52s | $5.9M | $2.8M | 10x |
Coinbase International BE-PERP-INTX
tradeXYZ xyz:BEFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.26
- Price spread: +0.625% → +0.253%
- $37.15
- Slippage, 4 orders
- −$26.39
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$18.5
- Costs to cover
- 0.544%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 43 min ago; tradeXYZ: live order book, 3 min ago.
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 Coinbase International live order book, 43 min ago | 7.53 bp | 13.9 bp −$14 | 22.0 bp −$220 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.92 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BEUSDT | −0.0054% | 8h | 272.47 | +0.695% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 272.52 | +0.713% | $342K | $121K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 272.43 | +0.679% | $46K | $253K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 272.52 | +0.714% | $8.2M | $37.2M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 272.60 | +0.743% | $2.6M | $6.9M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 272.40 | +0.669% | $1.4M | $3.3M | 50x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 272.93 | +0.864% | $6K | $158K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 272.70 | +0.780% | $987 | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 272.89 | +0.850% | $13K | $35K | 20x | as long as short |
| QFEX BE-USD | +0.0024% | 1h | 272.68 | +0.772% | $1.3M | $2.5M | 10x | as long as short |
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
Gate BE_USDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
QFEX BE-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BEUSDT | +0.0030% | 8h | 272.68 | +0.772% | $2.0M | $1.2M | 25x | as long as short |
| Lighter BE | +0.0032% | 1h | 272.27 | +0.621% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 272.42 | +0.676% | $243K | $300K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 272.48 | +0.698% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 272.56 | +0.728% | — | — | 10x | as long as short |
| tradeXYZ xyz:BEshort | +0.0050% | 1h | 272.28 | +0.625% | $5.9M | $2.8M | 10x | |
| Coinbase International BE-PERP-INTXlong | +0.0056% | 1h | 270.59 | long leg | $473K | $130K | 10x | |
| KuCoin BEUSDTM | +0.0100% | 8h | 272.46 | +0.691% | $368K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 272.51 | +0.711% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 272.46 | +0.691% | $45K | $147K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.1219% | 1h | 272.67 | +0.769% | $6K | $4K | 10x | as long as short |
Bybit BEUSDT
Lighter BE
Lighter RH BE
Arcus BE-USD
Vest BE-USD-PERP
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL