Settings8H · net · $10k
Funding arb · Price arb /

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: OKX against Bybit−0.005%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$710.712% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.046%−$5 on $10k
Price spread, last 7 days−0.027%−$3 · spread now −0.005%, 7d avg −0.007%
Together, before fees−0.073%−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit COINUSDT196.420get 0.0000% / 8h7h 21m$4.6M$6.1M50x
ShortOKX COIN-USDT-SWAP196.410get 0.0000% / 8h7h 21m$3.0M$4.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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

Funding earned
$0
Price spread: −0.005% → −0.007%
$0.24
Slippage, 4 orders
−$50.2
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$70.97
Costs to cover
0.712%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago2.55 bp29.7 bp −$3088.8 bp −$888doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago1.02 bp14.9 bp −$1535.4 bp −$354doesn't fitdoesn't fit

COIN on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective COIN/USDC PERP−0.0440%1h193.41−1.532%$92K$129K30xas long as short
Vest COIN-USD-PERP−0.0070%1h195.45−0.494%$319K25xas long as short
Bitget COINUSDT−0.0021%8h196.53+0.056%$6.4M$10.2M20xas long as short
Aster COINUSDT0.0000%8h196.03−0.199%$342K$879K20xas long as short
Bybit COINUSDTlong0.0000%8h196.42long leg$4.6M$6.1M50x
OKX COIN-USDT-SWAPshort0.0000%8h196.41−0.005%$3.0M$4.7M20x
Gate COIN_USDT0.0000%8h196.38−0.020%$1.2M$6.8M50xas long as short
Variational Omni COIN0.0000%8h194.31−1.076%$655K$981Kas long as short
GRVT COIN_USDT_Perp0.0000%8h194.45−1.003%$20K$3.0M10xas long as short
Extended COIN_24_5-USD+0.0016%1h196.45+0.015%$104K$860K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance COINUSDT+0.0019%8h196.46+0.020%$14.8M$81.6M20xas long as short
Lighter COIN+0.0032%1h196.16−0.130%$363K$2.0M10xas long as short
Lighter RH COIN+0.0032%1h196.15−0.137%$474K$1.3M10xas long as short
Arcus COIN-USD+0.0040%1h196.16−0.132%$17K$49K5xas long as short
QFEX COIN-USD+0.0047%1h196.14−0.143%$1.3M$2.8M10xas long as short
tradeXYZ xyz:COIN+0.0050%1h196.31−0.056%$15.5M$11.8M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h195.97−0.229%$135K$1.4M10xas long as short
SoDEX COIN-USD+0.0050%1h195.61−0.412%$78$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h194.30−1.079%$422K$2.4M10xas long as short
BloFin COIN-USDT+0.0074%8h195.58−0.428%$188K$483K20xas long as short
KuCoin COINUSDTM+0.0100%8h196.22−0.102%$988K$197K20xas long as short
ApeX Omni COINUSDT+0.0100%1h194.42−1.018%$87K$285K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h195.88−0.275%$566$4K10xas long as short
Aevo COIN-PERP+0.0104%1h196.20−0.110%$11610xas long as short
Phoenix COIN+0.0164%1h194.76−0.845%$4K$283K10xas long as short
edgeX COINUSDC+0.0523%4h194.38−1.037%$50K$294K10xas long as short