Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.031%
Price spread now: tradeXYZ against Binance−0.048%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$390.390% of the position
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 2 days (all we have)−0.015%−$1 · spread now −0.048%, 7d avg −0.028%
=Together, before fees+0.130%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$2 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 | 201.67 | 0 | get 0.0000% / 8h | 7h 48m | $15.8M | $76.1M | 20x |
| Short | tradeXYZ xyz:COIN | 201.57 | 0.0050 | get 0.0006% / 1h | 48m 03s | $16.6M | $12.5M | 10x |
Binance COINUSDT
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Binance. 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
- $10.5
- Price spread: −0.048% → −0.028%
- −$1.99
- Slippage, 4 orders
- −$10.99
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$30.48
- Costs to cover
- 0.390%
- Break-even
- 27.3 days
Slippage from Binance: live order book, 9 min ago; tradeXYZ: live order book, 10 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 Binance live order book, 9 min ago | 0.49 bp | 8.4 bp −$8 | 19.6 bp −$196 | 69.2 bp −$6,921 | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.74 bp | 10.5 bp −$10 | 15.2 bp −$152 | 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 | 201.52 | −0.073% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.64 | −0.015% | $370K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.66 | −0.004% | $119K | $518K | 10x | as long as short |
| Binance COINUSDTlong | 0.0000% | 8h | 201.67 | long leg | $15.8M | $76.1M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 201.62 | −0.023% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.75 | +0.041% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.62 | −0.023% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.74 | +0.036% | $6.9M | $9.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.31 | −0.175% | $839K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.78 | +0.056% | $12K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0021% | 1h | 201.66 | −0.003% | $1.4M | $3.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.58 | −0.043% | $434K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.73 | +0.031% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.49 | −0.088% | — | $513K | 25x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 201.57 | −0.048% | $16.6M | $12.5M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.59 | −0.038% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.59 | −0.038% | $98 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.41 | −0.127% | $359K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.74 | +0.036% | $1.0M | $135K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.44 | −0.112% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.63 | −0.018% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.63 | −0.019% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.67 | +0.002% | $199K | $341K | 20x | as long as short |
| Lighter COIN | +0.0168% | 1h | 201.60 | −0.032% | $376K | $1.8M | 10x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 201.81 | +0.071% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0498% | 4h | 201.72 | +0.025% | $52K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
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
Lighter COIN
Phoenix COIN
edgeX COINUSDC