Funding you earn now, next payment 03:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h +0.017%
Price spread now: tradeXYZ against Aevo−0.030%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.030% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo COIN-PERP | 197.57 | 0.0104 | pay 0.0013% / 1h | 51m 31s | $117 | — | 10x |
| Short | tradeXYZ xyz:COIN | 197.51 | 0.0050 | get 0.0006% / 1h | 51m 31s | $15.7M | $13.3M | 10x |
Aevo COIN-PERP
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Aevo. 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
- −$11.34
- Price spread: −0.030% → 0.000%
- −$2.96
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$48.3
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; tradeXYZ: live order book, 7 min ago. Net counts fees only.
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 Aevo no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 7 min ago | 1.26 bp | 11.6 bp −$12 | 15.1 bp −$151 | doesn't fit | doesn'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 25 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 COINUSDT | −0.0725% | 8h | 197.74 | +0.087% | $6.3M | $10.1M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.69 | −0.445% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0139% | 8h | 197.69 | +0.061% | $1.2M | $7.0M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0088% | 1h | 197.09 | −0.242% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.77 | +0.100% | $349K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.60 | +0.015% | $119K | $697K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.65 | +0.041% | $15.1M | $78.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.66 | +0.046% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.68 | +0.056% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.59 | +0.010% | $817K | $905K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.46 | −0.057% | $14K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.55 | −0.009% | $1.3M | $3.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.60 | +0.018% | $368K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.58 | +0.006% | $450K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.51 | −0.030% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 197.51 | −0.030% | $15.7M | $13.3M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.53 | −0.020% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.53 | −0.020% | $91 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.38 | −0.095% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.59 | +0.011% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.49 | −0.040% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.56 | −0.004% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERPlong | +0.0104% | 1h | 197.57 | long leg | $117 | — | 10x | |
| edgeX COINUSDC | +0.0114% | 4h | 197.30 | −0.134% | $51K | $294K | 10x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.32 | −0.126% | $5K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
edgeX COINUSDC
Phoenix COIN