Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Bybit against Arcus−0.031%47s7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.031% cheaper against Arcus 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. The two prices were read 47 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 | 195.78 | 0.0040 | pay 0.0005% / 1h | 52m 50s | $17K | $57K | 5x |
| Short | Bybit COINUSDT | 195.72 | 0 | get 0.0000% / 8h | 7h 52m | $4.7M | $6.1M | 50x |
Arcus COIN-USD
Bybit COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.031% → 0.000%
- −$3.06
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$27.02
- Costs to cover
- 0.155%
- Break-even
- never at this rate
Slippage unknown: Arcus: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 2.80 bp | 13.4 bp −$13 | 36.7 bp −$367 | 170.2 bp −$17.0K | 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 | 194.79 | −0.506% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0273% | 8h | 195.81 | +0.015% | $6.3M | $10.4M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0052% | 1h | 195.15 | −0.322% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.79 | +0.004% | $342K | $890K | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 195.72 | −0.031% | $4.7M | $6.1M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.74 | −0.020% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.82 | +0.020% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.91 | +0.068% | $661K | $1.0M | — | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.74 | −0.020% | $468K | $1.3M | 10x | as long as short |
| Lighter COIN | +0.0040% | 1h | 195.76 | −0.011% | $361K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
Lighter RH COIN
Lighter COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended COIN_24_5-USD | +0.0040% | 1h | 195.74 | −0.022% | $106K | $860K | 10x | as long as short |
| Arcus COIN-USDlong | +0.0040% | 1h | 195.78 | long leg | $17K | $57K | 5x | |
| Binance COINUSDT | +0.0042% | 8h | 195.76 | −0.010% | $14.9M | $81.9M | 20x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 195.61 | −0.087% | $1.3M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.51 | −0.138% | $15.1M | $12.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.54 | −0.123% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.63 | −0.077% | $80 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.50 | −0.143% | $444K | $2.6M | 10x | as long as short |
| GRVT COIN_USDT_Perp | +0.0072% | 8h | 195.52 | −0.131% | $11K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.57 | −0.107% | $984K | $161K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.38 | −0.204% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.71 | −0.036% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.76 | −0.010% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0162% | 8h | 195.82 | +0.020% | $188K | $435K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 195.51 | −0.138% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0366% | 4h | 195.53 | −0.128% | $50K | $294K | 10x | as long as short |
Extended COIN_24_5-USD
Binance COINUSDT
QFEX COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
GRVT COIN_USDT_Perp
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC