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Funding arb · Price arb /

COIN

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.037%
Price spread now: Phoenix against Aevo−0.057%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on AevoShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.057% cheaper against Aevo than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo COIN-PERP201.640.0104pay 0.0013% / 1h25m 17s$119—10x
ShortPhoenix COIN201.520.0198get 0.0025% / 1h25m 17s$5K$281K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Aevo. 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
$19.75
Price spread: −0.057% → 0.000%
−$5.71
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$8.96
Costs to cover
0.230%
Break-even
10.2 days
Slippage unknown: Aevo: no order-book sample; Phoenix: live order book, 53 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 Aevo no order-book sample—————
Sell Phoenix live order book, 53 min ago2.96 bp10.6 bp −$1122.2 bp −$222doesn't fitdoesn't fit
Aevo: 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.

COIN on 26 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
Injective COIN/USDC PERP−0.0440%1h200.97−0.330%$44K$49K30xas long as short
Aster COINUSDT0.0000%8h201.68+0.022%$370K$839K20xas long as short
Extended COIN_24_5-USD0.0000%1h201.70+0.030%$119K$446K10xas long as short
Binance COINUSDT0.0000%8h201.69+0.029%$15.6M$76.8M20xas long as short
Bybit COINUSDT0.0000%8h201.57−0.032%$5.0M$5.9M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h201.75+0.057%$3.3M$4.7M20xas long as short
Gate COIN_USDT0.0000%8h201.65+0.007%$1.3M$7.0M50xas long as short
Bitget COINUSDT0.0000%8h201.82+0.092%$6.9M$9.9M20xas long as short
Variational Omni COIN0.0000%8h201.43−0.102%$798K$1.0M—as long as short
GRVT COIN_USDT_Perp0.0000%8h201.45−0.092%$16K$2.0M10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX COIN-USD+0.0016%1h201.57−0.032%$1.4M$3.9M10xas long as short
edgeX COINUSDC+0.0019%4h201.45−0.093%$52K$292K10xas long as short
Lighter COIN+0.0032%1h201.73+0.046%$369K$2.1M10xas long as short
Lighter RH COIN+0.0032%1h201.60−0.017%$434K$1.8M10xas long as short
Arcus COIN-USD+0.0040%1h201.70+0.032%$16K$55K5xas long as short
Vest COIN-USD-PERP+0.0046%1h201.45−0.092%—$513K25xas long as short
tradeXYZ xyz:COIN+0.0050%1h201.43−0.102%$16.3M$13.2M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h201.58−0.027%$146K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h201.59−0.022%$86$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h201.28−0.176%$361K$3.3M10xas long as short
KuCoin COINUSDTM+0.0100%8h201.72+0.042%$1.0M$145K20xas long as short
ApeX Omni COINUSDT+0.0100%1h201.52−0.057%$91K$346K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h201.72+0.042%$583$4K10xas long as short
Aevo COIN-PERPlong+0.0104%1h201.64long leg$119—10x
BloFin COIN-USDT+0.0120%8h201.77+0.067%$200K$341K20xas long as short
Phoenix COINshort+0.0198%1h201.52−0.057%$5K$281K10x