Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%
Price spread now: Bybit against Extended+0.010%7-day average +0.047% · 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−$47as in the Price arb table
costs, in and out, $10k−$430.434% of the position
Funding, last 7 days+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now +0.010%, 7d avg +0.047%
=Together, before fees+0.165%+ Points / potential airdropExtended: Active · farm board+$17 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: Bybit is 0.037% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended COIN_24_5-USD | 198.13 | 0 | get 0.0000% / 1h | 20m 16s | $108K | $851K | 10x |
| Short | Bybit COINUSDT | 198.15 | 0 | get 0.0000% / 8h | 6h 20m | $4.6M | $5.5M | 50x |
Extended COIN_24_5-USD
Bybit COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.010% → +0.047%
- −$3.69
- Slippage, 4 orders
- −$27.44
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$47.13
- Costs to cover
- 0.434%
- Break-even
- never at this rate
Slippage from Extended: live order book, 30 min ago; Bybit: live order book, 1 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, 30 min ago | 0.25 bp | 8.1 bp −$8 | 70.5 bp −$705 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.77 bp | 12.6 bp −$13 | 30.1 bp −$301 | 156.0 bp −$15.6K | doesn't fit |
COIN on 26 exchanges
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 | 197.11 | −0.515% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.11 | −0.008% | $345K | $871K | 20x | as long as short |
| Extended COIN_24_5-USDlong | 0.0000% | 1h | 198.13 | long leg | $108K | $851K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 198.15 | +0.010% | $14.6M | $76.8M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 198.15 | +0.010% | $4.6M | $5.5M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.13 | 0.000% | $3.1M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.21 | +0.041% | $1.2M | $6.6M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.22 | +0.046% | $6.4M | $9.8M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.13 | +0.002% | $769K | $921K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.95 | −0.092% | $13K | $3.1M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 198.07 | −0.029% | $346K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.09 | −0.020% | $481K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 198.07 | −0.030% | $1.3M | $2.6M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.17 | +0.020% | $17K | $29K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 197.95 | −0.091% | — | $293K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.05 | −0.040% | $14.8M | $11.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.05 | −0.040% | $136K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.10 | −0.015% | $95 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.96 | −0.086% | $342K | $2.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.13 | 0.000% | $935K | $224K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.82 | −0.156% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.13 | 0.000% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.12 | −0.002% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.17 | +0.020% | $192K | $494K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.76 | −0.187% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDC | +0.0769% | 4h | 197.82 | −0.158% | $51K | $293K | 10x | as long as short |
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
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
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC