Funding you earn now, next payment 10:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.037%
Price spread now: tradeXYZ against Bybit+0.005%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$510.510% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 7 days−0.064%−$6 · spread now +0.005%, 7d avg −0.073%
=Together, before fees−0.008%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.078% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 197.64 | 0 | get 0.0000% / 8h | 6h 56m | $4.6M | $5.8M | 50x |
| Short | tradeXYZ xyz:COIN | 197.65 | 0.0007 | get 0.0001% / 1h | 56m 17s | $14.9M | $12.3M | 10x |
Bybit COINUSDT
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Bybit. 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
- $1.52
- Price spread: +0.005% → −0.073%
- $7.76
- Slippage, 4 orders
- −$21.95
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$41.67
- Costs to cover
- 0.510%
- Break-even
- 198.6 days
Slippage from Bybit: live order book, 2 min ago; tradeXYZ: live order book, 3 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 Bybit live order book, 2 min ago | 3.29 bp | 12.7 bp −$13 | 33.3 bp −$333 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.76 bp | 10.9 bp −$11 | 13.3 bp −$133 | 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 | 197.14 | −0.253% | $17K | $224K | 30x | as long as short |
| Ondo Perps COIN-USD.P | −0.0155% | 1h | 197.47 | −0.086% | $380K | $2.3M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0018% | 1h | 197.61 | −0.015% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.76 | +0.058% | $345K | $879K | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 197.64 | long leg | $4.6M | $5.8M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.55 | −0.046% | $3.1M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.73 | +0.046% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.71 | +0.035% | $6.5M | $10.0M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.99 | +0.176% | $672K | $831K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.26 | +0.314% | $14K | $3.0M | 10x | as long as short |
Injective COIN/USDC PERP
Ondo Perps COIN-USD.P
Vest COIN-USD-PERP
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COINshort | +0.0007% | 1h | 197.65 | +0.005% | $14.9M | $12.3M | 10x | |
| Binance COINUSDT | +0.0023% | 8h | 197.62 | −0.010% | $14.6M | $79.1M | 20x | as long as short |
| Extended COIN_24_5-USD | +0.0024% | 1h | 197.71 | +0.035% | $105K | $848K | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.69 | +0.027% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.55 | −0.046% | $471K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 197.69 | +0.025% | $1.3M | $2.7M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.89 | +0.126% | $17K | $37K | 5x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.67 | +0.015% | $138K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.57 | −0.035% | $80 | $3K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.80 | +0.081% | $933K | $228K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.00 | +0.182% | $89K | $280K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.75 | +0.056% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.67 | +0.014% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0108% | 8h | 197.91 | +0.137% | $190K | $489K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 198.21 | +0.288% | $5K | $253K | 10x | as long as short |
| edgeX COINUSDC | +0.0632% | 4h | 198.03 | +0.195% | $51K | $293K | 10x | as long as short |
Binance COINUSDT
Extended COIN_24_5-USD
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC