Funding you earn now, next payment 08:00 UTC−0.0631%/8h= −69.1% APRpaid last 24h −0.132%
Price spread now: tradeXYZ against edgeX−0.065%86s7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as 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−$430.433% of the position
Funding, last 7 days−0.465%−$47 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.065%, 7d avg −0.024%
=Together, before fees−0.534%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$53 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and tradeXYZ is 0.041% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 86 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 | 195.50 | 0.0681 | pay 0.0341% / 4h | 7m 56s | $50K | $294K | 10x |
| Short | tradeXYZ xyz:COIN | 195.37 | 0.0050 | get 0.0006% / 1h | 7m 56s | $15.1M | $12.9M | 10x |
edgeX COINUSDC
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$132.51
- Price spread: −0.065% → −0.024%
- −$4.06
- Slippage, 4 orders
- −$16.26
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$179.84
- Costs to cover
- 0.433%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 30 min ago; tradeXYZ: live order book, 11 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, 30 min ago | 5.61 bp | 10.5 bp −$10 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.26 bp | 11.8 bp −$12 | 16.7 bp −$167 | 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 | 195.45 | −0.024% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0339% | 8h | 195.59 | +0.048% | $6.3M | $10.5M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0047% | 1h | 195.07 | −0.218% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.35 | −0.074% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.44 | −0.029% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.37 | −0.065% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.51 | +0.007% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.51 | +0.007% | $692K | $991K | — | as long as short |
| GRVT COIN_USDT_Perp | +0.0001% | 8h | 195.57 | +0.038% | $15K | $2.9M | 10x | as long as short |
| Binance COINUSDT | +0.0022% | 8h | 195.40 | −0.049% | $15.0M | $82.1M | 20x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Binance COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended COIN_24_5-USD | +0.0024% | 1h | 195.45 | −0.026% | $104K | $860K | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.41 | −0.044% | $464K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.74 | +0.125% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 195.37 | −0.065% | $15.1M | $12.9M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.42 | −0.039% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.41 | −0.044% | $88 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.36 | −0.070% | $450K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.55 | +0.028% | $1.3M | $2.9M | 10x | as long as short |
| BloFin COIN-USDT | +0.0081% | 8h | 195.58 | +0.043% | $187K | $434K | 20x | as long as short |
| Lighter COIN | +0.0096% | 1h | 195.43 | −0.033% | $362K | $2.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.38 | −0.059% | $984K | $146K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.44 | −0.029% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.46 | −0.019% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.43 | −0.032% | $115 | — | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.44 | −0.029% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDClong | +0.0681% | 4h | 195.50 | long leg | $50K | $294K | 10x |
Extended COIN_24_5-USD
Lighter RH COIN
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
BloFin COIN-USDT
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN