Funding you earn now, next payment 02:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.04 per $10,000 · paid last 24h +0.002%
Price spread now: Coinbase International against tradeXYZ−0.684%50s7-day average −0.242% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$520.518% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 4 days (all we have)+1.071%+$107 · spread now −0.684%, 7d avg −0.242%
=Together, before fees+1.160%+ Points / potential airdroptradeXYZ: Active · farm board+$116 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.442% cheaper against tradeXYZ than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of −0.242%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BE | 274.96 | 0.0050 | pay 0.0006% / 1h | 26m 34s | $5.9M | $2.7M | 10x |
| Short | Coinbase International BE-PERP-INTX | 273.08 | 0.0016 | get 0.0002% / 1h | 26m 34s | $473K | $129K | 10x |
tradeXYZ xyz:BE
Coinbase International BE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$7.14
- Price spread: −0.684% → −0.242%
- −$44.16
- Slippage, 4 orders
- −$23.76
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$103.06
- Costs to cover
- 0.518%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; Coinbase International: live order book, 37 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, 11 min ago | 0.18 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 37 min ago | 5.65 bp | 11.9 bp −$12 | 18.1 bp −$181 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 275.00 | +0.015% | $346K | $119K | 20x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 275.31 | +0.127% | $2.0M | $1.1M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.80 | −0.058% | $1.5M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 275.04 | +0.029% | $1.7M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 275.37 | +0.148% | $7K | $164K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 275.38 | +0.153% | $1K | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 275.40 | +0.160% | $13K | $34K | 20x | as long as short |
| QFEX BE-USD | +0.0012% | 1h | 275.09 | +0.047% | $1.3M | $2.8M | 10x | as long as short |
| Coinbase International BE-PERP-INTXshort | +0.0016% | 1h | 273.08 | −0.684% | $473K | $129K | 10x | |
| Lighter BE | +0.0032% | 1h | 275.01 | +0.018% | — | — | 10x | as long as short |
Aster BEUSDT
Bybit BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
QFEX BE-USD
Lighter BEShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH BE | +0.0032% | 1h | 275.02 | +0.022% | $251K | $289K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 275.02 | +0.022% | $115K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 275.17 | +0.076% | — | — | 10x | as long as short |
| tradeXYZ xyz:BElong | +0.0050% | 1h | 274.96 | long leg | $5.9M | $2.7M | 10x | |
| Extended BE-USD | +0.0064% | 1h | 275.06 | +0.035% | $47K | $265K | 10x | as long as short |
| Binance BEUSDT | +0.0065% | 8h | 275.13 | +0.062% | $8.4M | $36.1M | 25x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 275.05 | +0.033% | $371K | $22K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 275.06 | +0.037% | — | — | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0118% | 8h | 275.30 | +0.124% | $2.6M | $6.7M | 25x | as long as short |
| BloFin BE-USDT | +0.0186% | 8h | 275.21 | +0.091% | $45K | $141K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0259% | 1h | 275.11 | +0.055% | $7K | $4K | 10x | as long as short |
Lighter RH BE
Arcus BE-USD
Vest BE-USD-PERP
Extended BE-USD
Binance BEUSDT
KuCoin BEUSDTM
Aevo BE-PERP
OKX BE-USDT-SWAP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL