Funding you earn now, next payment 06:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.025%
Price spread now: Arcus against tradeXYZ+0.073%7-day average −0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$490.494% of the position
Funding, last 4 days (all we have)−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.073%, 7d avg −0.064%
=Together, before fees+0.013%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.137% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.064%): +$14 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 47 days. At the pace of the last 4 days (−0.039% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BE | 272.28 | 0.0050 | pay 0.0006% / 1h | 4m 53s | $5.9M | $2.8M | 10x |
| Short | Arcus BE-USD | 272.48 | 0.0040 | get 0.0005% / 1h | 4m 53s | $114K | $109K | 10x |
tradeXYZ xyz:BE
Arcus BE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against tradeXYZ. 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
- −$2.04
- Price spread: +0.073% → −0.064%
- $13.72
- Slippage, 4 orders
- −$26.85
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$37.68
- Costs to cover
- 0.494%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Arcus: live order book, 43 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 tradeXYZ live order book, 3 min ago | 0.92 bp | 16.4 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus live order book, 43 min ago | 4.22 bp | 14.9 bp −$15 | 25.5 bp −$255 | 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 | +0.070% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 272.52 | +0.088% | $342K | $121K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 272.43 | +0.054% | $46K | $253K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 272.52 | +0.089% | $8.2M | $37.2M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 272.60 | +0.118% | $2.6M | $6.9M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 272.40 | +0.044% | $1.4M | $3.3M | 50x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 272.93 | +0.238% | $6K | $158K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 272.70 | +0.154% | $987 | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 272.89 | +0.224% | $13K | $35K | 20x | as long as short |
| QFEX BE-USD | +0.0024% | 1h | 272.68 | +0.147% | $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 | +0.147% | $2.0M | $1.2M | 25x | as long as short |
| Lighter BE | +0.0032% | 1h | 272.27 | −0.004% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 272.42 | +0.051% | $243K | $300K | 10x | as long as short |
| Arcus BE-USDshort | +0.0040% | 1h | 272.48 | +0.073% | $114K | $109K | 10x | |
| Vest BE-USD-PERP | +0.0046% | 1h | 272.56 | +0.103% | — | — | 10x | as long as short |
| tradeXYZ xyz:BElong | +0.0050% | 1h | 272.28 | long leg | $5.9M | $2.8M | 10x | |
| Coinbase International BE-PERP-INTX | +0.0056% | 1h | 270.59 | −0.621% | $473K | $130K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 272.46 | +0.066% | $368K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 272.51 | +0.086% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 272.46 | +0.066% | $45K | $147K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.1219% | 1h | 272.67 | +0.143% | $6K | $4K | 10x | as long as short |
Bybit BEUSDT
Lighter BE
Lighter RH BE
Vest BE-USD-PERP
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL