Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.054%

Price spread now: SoDEX against Bitget−0.161%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on SoDEX

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. SoDEX is 0.161% cheaper against Bitget than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 11 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COINUSDT	198.86	0	get 0.0000% / 8h	6h 00m	$6.4M	$9.8M	20x
Short	SoDEX COIN-USD	198.54	0.0050	get 0.0006% / 1h	0m 44s	$87	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bitget. 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 BitgetbpFee SoDEXbpOrdersPrice spread, now −0.161%Rate

Funding earned: $10.5
Price spread: −0.161% → 0.000%: −$16.09
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$25.59
Costs to cover: 0.200%
Break-even: 24.1 days

Slippage unknown: Bitget: live order book, 1 min ago; SoDEX: 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 Bitget live order book, 1 min ago	1.76 bp	12.4 bp −$12	31.7 bp −$317	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 exchanges

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	−0.674%	$17K	$224K	30x	as long as short
Aster COINUSDT	0.0000%	8h	198.42	−0.224%	$345K	$868K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	198.59	−0.134%	$105K	$851K	10x	as long as short
Binance COINUSDT	0.0000%	8h	198.74	−0.060%	$14.6M	$76.1M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	198.72	−0.070%	$4.7M	$5.5M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	198.80	−0.030%	$3.1M	$4.4M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	198.78	−0.040%	$1.2M	$6.7M	50x	as long as short
Bitget COINUSDTlong	0.0000%	8h	198.86	long leg	$6.4M	$9.8M	20x
Variational Omni COIN	0.0000%	8h	198.78	−0.041%	$769K	$921K	—	as long as short
GRVT COIN_USDT_Perp	0.0000%	8h	198.52	−0.171%	$12K	$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
Lighter COIN	+0.0032%	1h	198.59	−0.133%	$347K	$2.0M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	198.61	−0.126%	$483K	$1.2M	10x	as long as short
QFEX COIN-USD	+0.0036%	1h	198.45	−0.206%	$1.3M	$2.6M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	198.56	−0.151%	$17K	$28K	5x	as long as short
Vest COIN-USD-PERP	+0.0046%	1h	198.34	−0.261%	—	$288K	25x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	198.61	−0.126%	$14.8M	$11.6M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	198.32	−0.272%	$136K	$1.2M	10x	as long as short
SoDEX COIN-USDshort	+0.0050%	1h	198.54	−0.161%	$87	$3K	10x
Ondo Perps COIN-USD.P	+0.0050%	1h	198.36	−0.251%	$333K	$2.1M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	198.55	−0.156%	$937K	$242K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	198.44	−0.211%	$89K	$272K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	198.47	−0.196%	$574	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	198.29	−0.286%	$117	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	198.59	−0.136%	$193K	$491K	20x	as long as short
Phoenix COIN	+0.0121%	1h	198.71	−0.075%	$5K	$257K	10x	as long as short
edgeX COINUSDC	+0.0257%	4h	198.79	−0.033%	$51K	$294K	10x	as long as short