Funding you earn now, next payment 02:00 UTC−0.0437%/8h= −47.9% APRpaid last 24h −0.033%
Price spread now: Bitget against Extended+0.134%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$340.345% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.134%, 7d avg +0.058%
=Together, before fees−0.015%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.076% dearer against Extended than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.058%): +$8 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.019% in total) that is about 28 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% 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 | Extended COIN_24_5-USD | 198.16 | 0 | get 0.0000% / 1h | 26m 16s | $117K | $696K | 10x |
| Short | Bitget COINUSDT | 198.43 | −0.0437 | pay 0.0437% / 8h | 6h 26m | $6.5M | $10.2M | 20x |
Extended COIN_24_5-USD
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Extended. 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
- −$91.77
- Price spread: +0.134% → +0.058%
- $7.59
- Slippage, 4 orders
- −$17.49
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$118.67
- Costs to cover
- 0.345%
- Break-even
- never at this rate
Slippage from Extended: live order book, 42 min ago; Bitget: live order book, 2 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 Extended live order book, 42 min ago | 0.25 bp | 7.9 bp −$8 | 75.9 bp −$759 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.77 bp | 9.5 bp −$10 | 24.3 bp −$243 | doesn't fit | doesn't fit |
COIN on 25 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 | 197.35 | −0.411% | $44K | $48K | 30x | as long as short |
| Bitget COINUSDTshort | −0.0437% | 8h | 198.43 | +0.134% | $6.5M | $10.2M | 20x | |
| Vest COIN-USD-PERP | −0.0026% | 1h | 197.63 | −0.270% | — | $297K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.18 | +0.007% | $366K | $856K | 20x | as long as short |
| Extended COIN_24_5-USDlong | 0.0000% | 1h | 198.16 | long leg | $117K | $696K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 198.27 | +0.052% | $14.9M | $78.0M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.29 | +0.063% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.34 | +0.088% | $3.1M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.25 | +0.043% | $1.3M | $7.0M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.30 | +0.069% | $820K | $1.0M | — | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.92 | −0.124% | $15K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 198.14 | −0.013% | $1.3M | $3.7M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.28 | +0.061% | $391K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.25 | +0.043% | $437K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.99 | −0.088% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.21 | +0.023% | $15.9M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.06 | −0.053% | $124K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.15 | −0.008% | $94 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.69 | −0.240% | $351K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.10 | −0.033% | $984K | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.73 | −0.220% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.12 | −0.023% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.26 | +0.046% | $117 | — | 10x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 197.85 | −0.159% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0558% | 4h | 197.94 | −0.112% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
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
Phoenix COIN
edgeX COINUSDC