Funding you earn now, next payment 00:00 UTC+0.0263%/8h= +28.8% APRpaid last 24h +0.052%
Price spread now: tradeXYZ against Bitget−0.030%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$460.456% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 7 days−0.062%−$6 · spread now −0.030%, 7d avg −0.075%
=Together, before fees+0.088%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and tradeXYZ is 0.046% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.075%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COINUSDT | 202.34 | 0.0012 | pay 0.0012% / 8h | 41m 02s | $6.9M | $10.1M | 20x |
| Short | tradeXYZ xyz:COIN | 202.28 | 0.0275 | get 0.0034% / 1h | 41m 02s | $16.5M | $13.1M | 10x |
Bitget COINUSDT
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Bitget. 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
- $55.28
- Price spread: −0.030% → −0.075%
- $4.57
- Slippage, 4 orders
- −$15.56
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $14.29
- Costs to cover
- 0.456%
- Break-even
- 5.2 days
Slippage from Bitget: live order book, 2 min ago; tradeXYZ: live order book, 8 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 Bitget live order book, 2 min ago | 1.48 bp | 12.1 bp −$12 | 19.2 bp −$192 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 0.74 bp | 11.5 bp −$11 | 15.3 bp −$153 | 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 | 202.22 | −0.059% | $45K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.29 | −0.026% | $371K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 202.26 | −0.038% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 202.31 | −0.015% | $15.7M | $76.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 202.36 | +0.010% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.32 | −0.010% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 202.28 | −0.030% | $1.3M | $7.0M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 202.30 | −0.020% | $841K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.35 | +0.005% | $12K | $2.0M | 10x | as long as short |
| Bitget COINUSDTlong | +0.0012% | 8h | 202.34 | long leg | $6.9M | $10.1M | 20x |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
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 | +0.0032% | 1h | 202.26 | −0.040% | $1.4M | $3.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 202.28 | −0.030% | $434K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.35 | +0.005% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 202.18 | −0.079% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 202.24 | −0.049% | $140K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.30 | −0.020% | $75 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 202.16 | −0.089% | $367K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.18 | −0.079% | $1.0M | $141K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 202.14 | −0.099% | $91K | $328K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.28 | −0.030% | $585 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.31 | −0.014% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.31 | −0.015% | $199K | $342K | 20x | as long as short |
| Lighter COIN | +0.0184% | 1h | 202.30 | −0.020% | $377K | $2.0M | 10x | as long as short |
| Phoenix COIN | +0.0238% | 1h | 202.35 | +0.005% | $5K | $279K | 10x | as long as short |
| tradeXYZ xyz:COINshort | +0.0275% | 1h | 202.28 | −0.030% | $16.5M | $13.1M | 10x | |
| edgeX COINUSDC | +0.0309% | 4h | 202.37 | +0.014% | $52K | $295K | 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