Funding you earn now, next payment 08:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h +0.035%
Price spread now: Phoenix against Extended+0.118%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days+0.240%+$24 on $10k
+Price spread, last 4 days (all we have)−0.290%−$29 · spread now +0.118%, 7d avg +0.039%
=Together, before fees−0.050%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.079% dearer against Extended than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended COIN_24_5-USD | 195.68 | 0.0048 | pay 0.0006% / 1h | 46m 47s | $106K | $860K | 10x |
| Short | Phoenix COIN | 195.91 | 0.0164 | get 0.0020% / 1h | 46m 47s | $4K | $283K | 10x |
Extended COIN_24_5-USD
Phoenix COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $24.29
- Price spread: +0.118% → +0.039%
- $7.88
- Slippage, 4 orders
- −$29.11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$8.94
- Costs to cover
- 0.411%
- Break-even
- 9.6 days
Slippage from Extended: live order book, 51 min ago; Phoenix: live order book, 46 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, 51 min ago | 1.02 bp | 9.0 bp −$9 | 62.9 bp −$629 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 46 min ago | 3.58 bp | 11.6 bp −$12 | 24.5 bp −$245 | 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 | 195.19 | −0.250% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0216% | 8h | 195.80 | +0.062% | $6.3M | $10.4M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0053% | 1h | 195.36 | −0.163% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.88 | +0.100% | $342K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.74 | +0.031% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.67 | −0.004% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.77 | +0.047% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.08 | +0.206% | $660K | $1.0M | — | as long as short |
| Lighter COIN | +0.0032% | 1h | 195.70 | +0.009% | $360K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.69 | +0.006% | $467K | $1.3M | 10x | 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
Lighter COIN
Lighter RH COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus COIN-USD | +0.0040% | 1h | 195.94 | +0.134% | $17K | $57K | 5x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 195.78 | +0.052% | $1.3M | $2.8M | 10x | as long as short |
| Binance COINUSDT | +0.0048% | 8h | 195.75 | +0.036% | $14.9M | $81.7M | 20x | as long as short |
| Extended COIN_24_5-USDlong | +0.0048% | 1h | 195.68 | long leg | $106K | $860K | 10x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.62 | −0.030% | $15.2M | $12.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.59 | −0.045% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.69 | +0.006% | $73 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.53 | −0.076% | $432K | $2.6M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.63 | −0.025% | $984K | $167K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.69 | +0.006% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.74 | +0.031% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.69 | +0.006% | $115 | — | 10x | as long as short |
| Phoenix COINshort | +0.0164% | 1h | 195.91 | +0.118% | $4K | $283K | 10x | |
| BloFin COIN-USDT | +0.0168% | 8h | 195.77 | +0.047% | $187K | $435K | 20x | as long as short |
| GRVT COIN_USDT_Perp | +0.0184% | 8h | 195.90 | +0.113% | $18K | $2.9M | 10x | as long as short |
| edgeX COINUSDC | +0.0873% | 4h | 195.82 | +0.072% | $50K | $295K | 10x | as long as short |
Arcus COIN-USD
QFEX COIN-USD
Binance COINUSDT
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
GRVT COIN_USDT_Perp
edgeX COINUSDC