Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.006%

Price spread now: Arcus against Binance−0.132%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Arcus is 0.132% cheaper against Binance than usual: you would sell low and buy high (spread −0.132% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 11 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COINUSDT	196.23	0	get 0.0000% / 8h	2h 13m	$15.1M	$82.5M	20x
Short	Arcus COIN-USD	195.97	0.0040	get 0.0005% / 1h	13m 32s	$15K	$54K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee ArcusbpOrdersPrice spread, now −0.132%Rate

Funding earned: $8.46
Price spread: −0.132% → 0.000%: −$13.25
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$19.29
Costs to cover: 0.145%
Break-even: 23.0 days

Slippage unknown: Binance: live order book, 14 min ago; Arcus: no order-book sample. 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 Binance live order book, 14 min ago	0.51 bp	9.1 bp −$9	18.7 bp −$187	65.1 bp −$6,510	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

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	−0.0853%	8h	196.37	+0.071%	$6.4M	$10.7M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	195.72	−0.260%	$43K	$48K	30x	as long as short
Vest COIN-USD-PERP	−0.0112%	1h	195.37	−0.438%	—	$289K	25x	as long as short
Gate COIN_USDT	−0.0080%	8h	196.22	−0.005%	$1.2M	$7.4M	50x	as long as short
Aster COINUSDT	0.0000%	8h	195.94	−0.150%	$342K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.20	−0.017%	$112K	$854K	10x	as long as short
Binance COINUSDTlong	0.0000%	8h	196.23	long leg	$15.1M	$82.5M	20x
Bybit COINUSDT	0.0000%	8h	196.18	−0.025%	$4.7M	$6.2M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.19	−0.020%	$3.0M	$4.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	195.78	−0.228%	$711K	$961K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	195.78	−0.230%	$19K	$2.6M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.14	−0.046%	$458K	$1.5M	10x	as long as short
QFEX COIN-USD	+0.0038%	1h	196.18	−0.025%	$1.3M	$3.0M	10x	as long as short
Arcus COIN-USDshort	+0.0040%	1h	195.97	−0.132%	$15K	$54K	5x
tradeXYZ xyz:COIN	+0.0050%	1h	196.04	−0.097%	$15.2M	$13.8M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	195.92	−0.158%	$128K	$1.4M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.05	−0.092%	$93	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	195.74	−0.250%	$449K	$2.9M	10x	as long as short
Phoenix COIN	+0.0082%	1h	195.71	−0.265%	$4K	$283K	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	195.83	−0.204%	$987K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	195.66	−0.290%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	195.98	−0.127%	$567	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.10	−0.066%	$116	—	10x	as long as short
Lighter COIN	+0.0120%	1h	196.17	−0.030%	$379K	$2.3M	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.01	−0.112%	$187K	$420K	20x	as long as short
edgeX COINUSDC	+0.0146%	4h	195.88	−0.181%	$51K	$296K	10x	as long as short