Funding you earn now, next payment 21:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h +0.064%
Price spread now: Phoenix against Aster+0.019%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1241.235% of the position
Funding, last 7 days+0.304%+$30 on $10k
+Price spread, last 3 days (all we have)−0.166%−$17 · spread now +0.019%, 7d avg +0.015%
=Together, before fees+0.138%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster COINUSDT | 202.26 | 0 | get 0.0000% / 8h | 2h 25m | $371K | $839K | 20x |
| Short | Phoenix COIN | 202.30 | 0.0197 | get 0.0025% / 1h | 25m 21s | $5K | $281K | 10x |
Aster COINUSDT
Phoenix COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- $41.45
- Price spread: +0.019% → +0.015%
- $0.41
- Slippage, 4 orders
- −$108.52
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$81.65
- Costs to cover
- 1.235%
- Break-even
- 20.8 days
Slippage from Aster: live order book, 62 min ago; Phoenix: live order book, 59 min ago.
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 Aster live order book, 62 min ago | 41.38 bp | 45.7 bp −$46 | 45.8 bp −$458 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 59 min ago | 3.45 bp | 11.5 bp −$11 | 24.4 bp −$244 | doesn't fit | doesn't fit |
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 | 201.98 | −0.139% | $40K | $48K | 30x | as long as short |
| Aster COINUSDTlong | 0.0000% | 8h | 202.26 | long leg | $371K | $839K | 20x | |
| Extended COIN_24_5-USD | 0.0000% | 1h | 202.23 | −0.017% | $120K | $445K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 202.28 | +0.009% | $15.6M | $77.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 202.18 | −0.041% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.22 | −0.021% | $3.3M | $4.8M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 202.26 | −0.001% | $1.3M | $6.9M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.95 | −0.156% | $760K | $982K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.07 | −0.095% | $18K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0015% | 8h | 202.30 | +0.019% | $6.9M | $10.0M | 20x | as long as short |
Injective COIN/USDC PERP
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0027% | 1h | 202.38 | +0.058% | $1.4M | $3.8M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 202.24 | −0.012% | $377K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 202.22 | −0.021% | $437K | $2.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.11 | −0.075% | $18K | $54K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 202.46 | +0.098% | — | $513K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 202.23 | −0.016% | $16.4M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 202.22 | −0.021% | $212K | $1.1M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.16 | −0.050% | $89 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 202.00 | −0.130% | $367K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.25 | −0.006% | $1.0M | $146K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 202.12 | −0.070% | $91K | $533K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.25 | −0.006% | $585 | $5K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.12 | −0.069% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.08 | −0.090% | $200K | $339K | 20x | as long as short |
| Phoenix COINshort | +0.0197% | 1h | 202.30 | +0.019% | $5K | $281K | 10x | |
| edgeX COINUSDC | +0.0996% | 4h | 202.00 | −0.130% | $52K | $292K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
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
edgeX COINUSDC