Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.006%
Price spread now: Binance against Arcus+0.062%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
The price spread pays, funding is against you. Binance is 0.062% dearer against Arcus than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus COIN-USD | 197.59 | 0.0040 | pay 0.0005% / 1h | 32m 42s | $15K | $55K | 5x |
| Short | Binance COINUSDT | 197.71 | 0 | get 0.0000% / 8h | 5h 32m | $15.0M | $78.5M | 20x |
Arcus COIN-USD
Binance COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Arcus. 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
- −$8.46
- Price spread: +0.062% → 0.000%
- $6.16
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$16.8
- Costs to cover
- 0.145%
- Break-even
- never at this rate
Slippage unknown: Arcus: no order-book sample; Binance: live order book, 10 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 Arcus no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 10 min ago | 0.51 bp | 8.1 bp −$8 | 19.3 bp −$193 | 53.5 bp −$5,348 | doesn't fit |
Arcus: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0782% | 8h | 197.77 | +0.091% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.11 | −0.243% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0184% | 8h | 197.76 | +0.086% | $1.2M | $7.0M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0090% | 1h | 197.22 | −0.187% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.80 | +0.108% | $349K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.68 | +0.045% | $119K | $691K | 10x | as long as short |
| Binance COINUSDTshort | 0.0000% | 8h | 197.71 | +0.062% | $15.0M | $78.5M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 197.73 | +0.071% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.76 | +0.086% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.64 | +0.024% | $684K | $1.0M | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.50 | −0.046% | $14K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.54 | −0.025% | $1.3M | $3.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.69 | +0.049% | $367K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.68 | +0.046% | $452K | $1.5M | 10x | as long as short |
| Arcus COIN-USDlong | +0.0040% | 1h | 197.59 | long leg | $15K | $55K | 5x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.62 | +0.015% | $15.6M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.58 | −0.005% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.60 | +0.005% | $83 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.20 | −0.197% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.55 | −0.020% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.42 | −0.086% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.59 | 0.000% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.63 | +0.018% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.72 | +0.066% | $189K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.56 | −0.015% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0493% | 4h | 197.52 | −0.034% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC