Funding you earn now, next payment 09:00 UTC−0.0811%/8h= −88.8% APRpaid last 24h −0.181%
Price spread now: Extended against edgeX−0.168%93s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.399% of the position
Funding, last 7 days−0.598%−$60 on $10k
+Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.168%, 7d avg −0.028%
=Together, before fees−0.503%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$50 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Extended is 0.140% cheaper against edgeX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COINUSDC | 198.47 | 0.0843 | pay 0.0422% / 4h | 2h 59m | $51K | $294K | 10x |
| Short | Extended COIN_24_5-USD | 198.13 | 0.0032 | get 0.0004% / 1h | 59m 40s | $105K | $846K | 10x |
edgeX COINUSDC
Extended COIN_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against edgeX. 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
- −$170.36
- Price spread: −0.168% → −0.028%
- −$14.01
- Slippage, 4 orders
- −$25.9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$224.27
- Costs to cover
- 0.399%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 33 min ago; Extended: live order book, 33 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 edgeX live order book, 33 min ago | 5.90 bp | 10.7 bp −$11 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Extended live order book, 33 min ago | 1.03 bp | 9.1 bp −$9 | 49.8 bp −$498 | 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 | 197.66 | −0.406% | $17K | $224K | 30x | as long as short |
| tradeXYZ xyz:COIN | −0.0169% | 1h | 198.14 | −0.164% | $15.0M | $12.2M | 10x | as long as short |
| Ondo Perps COIN-USD.P | −0.0152% | 1h | 197.95 | −0.260% | $381K | $2.3M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0024% | 1h | 197.96 | −0.254% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.04 | −0.217% | $345K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.07 | −0.199% | $4.7M | $5.8M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.06 | −0.204% | $3.1M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.17 | −0.149% | $1.2M | $7.2M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.06 | −0.204% | $6.5M | $10.0M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.99 | −0.240% | $672K | $831K | — | as long as short |
Injective COIN/USDC PERP
tradeXYZ xyz:COIN
Ondo Perps COIN-USD.P
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 197.97 | −0.250% | $359K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.01 | −0.229% | $469K | $1.2M | 10x | as long as short |
| Extended COIN_24_5-USDshort | +0.0032% | 1h | 198.13 | −0.168% | $105K | $846K | 10x | |
| Binance COINUSDT | +0.0033% | 8h | 198.09 | −0.189% | $14.7M | $79.4M | 20x | as long as short |
| GRVT COIN_USDT_Perp | +0.0037% | 8h | 198.33 | −0.069% | $14K | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.17 | −0.149% | $17K | $37K | 5x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 197.98 | −0.244% | $1.3M | $2.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.02 | −0.224% | $138K | $1.4M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.09 | −0.189% | $934K | $226K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.29 | −0.088% | $89K | $280K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.08 | −0.194% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.07 | −0.201% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0156% | 8h | 198.19 | −0.139% | $189K | $490K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 198.21 | −0.129% | $5K | $283K | 10x | as long as short |
| SoDEX COIN-USD | +0.0656% | 1h | 198.11 | −0.179% | $71 | $3K | 10x | as long as short |
| edgeX COINUSDClong | +0.0843% | 4h | 198.47 | long leg | $51K | $294K | 10x |
Lighter COIN
Lighter RH COIN
Binance COINUSDT
GRVT COIN_USDT_Perp
Arcus COIN-USD
QFEX COIN-USD
Polymarket Perps COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
SoDEX COIN-USD