Funding you earn now, next payment 02:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h +0.041%
Price spread now: BloFin against Arcus+0.237%275s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.237% dearer against Arcus than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 275 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 | Arcus COIN-USD | 198.55 | 0.0040 | pay 0.0005% / 1h | 43m 48s | $16K | $53K | 5x |
| Short | BloFin COIN-USDT | 199.02 | 0.0120 | get 0.0120% / 8h | 6h 43m | $198K | $377K | 20x |
Arcus COIN-USD
BloFin COIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $16.74
- Price spread: +0.237% → 0.000%
- $23.67
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $23.91
- Costs to cover
- 0.165%
- Break-even
- from the start
Slippage unknown: Arcus: no order-book sample; BloFin: live order book, 21 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 BloFin live order book, 21 min ago | 0.50 bp | 7.8 bp −$8 | 13.8 bp −$138 | 35.0 bp −$3,496 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 198.31 | −0.121% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.71 | +0.079% | $364K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.49 | −0.032% | $117K | $703K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.56 | +0.006% | $15.1M | $77.3M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.64 | +0.045% | $4.9M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.66 | +0.055% | $3.1M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.62 | +0.035% | $1.3M | $6.9M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.76 | +0.106% | $6.3M | $9.9M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.21 | −0.169% | $822K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 199.16 | +0.306% | $15K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest COIN-USD-PERP | +0.0021% | 1h | 197.90 | −0.327% | — | $289K | 25x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 198.21 | −0.171% | $1.3M | $3.7M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.49 | −0.029% | $390K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.46 | −0.045% | $430K | $1.4M | 10x | as long as short |
| Arcus COIN-USDlong | +0.0040% | 1h | 198.55 | long leg | $16K | $53K | 5x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.68 | +0.065% | $16.3M | $13.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.26 | −0.146% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.21 | −0.171% | $102 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.03 | −0.262% | $352K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.49 | −0.030% | $986K | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.25 | −0.151% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.44 | −0.055% | $574 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.47 | −0.039% | $117 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 199.02 | +0.237% | $198K | $377K | 20x | |
| Phoenix COIN | +0.0160% | 1h | 198.22 | −0.166% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0190% | 4h | 198.61 | +0.030% | $51K | $295K | 10x | as long as short |
Vest COIN-USD-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
Phoenix COIN
edgeX COINUSDC