COIN

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.033%

Price spread now: BloFin against Binance+0.011%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.346% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.234%+$23 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.011%, 7d avg +0.002%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COINUSDT	198.75	0	get 0.0000% / 8h	5h 57m	$14.6M	$75.9M	20x
Short	BloFin COIN-USDT	198.77	0.0120	get 0.0120% / 8h	5h 57m	$193K	$492K	20x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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latest

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

Position, each leg$Hold fordaysFee BinancebpFee BloFinbpOrdersPrice spread, now +0.011%Rate

Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 52 min ago.

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, 9 min ago	0.50 bp	8.4 bp −$8	17.6 bp −$176	67.9 bp −$6,786	doesn't fit
Sell BloFin live order book, 52 min ago	0.25 bp	8.1 bp −$8	11.9 bp −$119	38.6 bp −$3,864	doesn't fit

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	197.52	−0.618%	$17K	$224K	30x	as long as short
Aster COINUSDT	0.0000%	8h	198.65	−0.050%	$346K	$868K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	198.68	−0.033%	$106K	$855K	10x	as long as short
Binance COINUSDTlong	0.0000%	8h	198.75	long leg	$14.6M	$75.9M	20x
Bybit COINUSDT	0.0000%	8h	198.81	+0.031%	$4.7M	$5.5M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	198.80	+0.026%	$3.1M	$4.4M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	198.76	+0.006%	$1.2M	$6.4M	50x	as long as short
Bitget COINUSDT	0.0000%	8h	198.85	+0.051%	$6.4M	$9.6M	20x	as long as short
Variational Omni COIN	0.0000%	8h	198.45	−0.148%	$769K	$921K	—	as long as short
GRVT COIN_USDT_Perp	0.0000%	8h	198.77	+0.010%	$11K	$3.2M	10x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX COIN-USD	+0.0032%	1h	198.63	−0.059%	$1.3M	$2.6M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	198.72	−0.014%	$483K	$1.1M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	198.72	−0.014%	$17K	$28K	5x	as long as short
Vest COIN-USD-PERP	+0.0046%	1h	198.60	−0.075%	—	$288K	25x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	198.65	−0.049%	$14.8M	$11.6M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	198.57	−0.090%	$136K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	198.69	−0.029%	$93	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	198.43	−0.160%	$333K	$2.1M	10x	as long as short
Lighter COIN	+0.0088%	1h	198.72	−0.016%	$347K	$1.9M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	198.62	−0.064%	$936K	$247K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	198.44	−0.155%	$89K	$272K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	198.71	−0.019%	$575	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	198.66	−0.043%	$117	—	10x	as long as short
BloFin COIN-USDTshort	+0.0120%	8h	198.77	+0.011%	$193K	$492K	20x
Phoenix COIN	+0.0121%	1h	198.71	−0.019%	$5K	$256K	10x	as long as short
edgeX COINUSDC	+0.0220%	4h	198.42	−0.165%	$51K	$295K	10x	as long as short