Funding you earn now, next payment 07:00 UTC+0.0088%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h +0.016%
Price spread now: tradeXYZ against Extended−0.075%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.075%, 7d avg +0.007%
=Together, before fees+0.249%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.082% cheaper against Extended than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of +0.007%). If the spread goes back, that is −$8 on $10k: about 3.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended COIN_24_5-USD | 195.32 | 0 | get 0.0000% / 1h | 40m 00s | $112K | $813K | 10x |
| Short | tradeXYZ xyz:COIN | 195.17 | 0.0088 | get 0.0011% / 1h | 40m 00s | $15.1M | $13.9M | 10x |
Extended COIN_24_5-USD
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $18.56
- Price spread: −0.075% → +0.007%
- −$8.24
- Slippage, 4 orders
- −$17.3
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$29.98
- Costs to cover
- 0.403%
- Break-even
- 18.3 days
Slippage from Extended: live order book, 3 min ago; tradeXYZ: live order book, 9 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, 3 min ago | 1.02 bp | 9.0 bp −$9 | 45.2 bp −$452 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 1.28 bp | 11.1 bp −$11 | 13.7 bp −$137 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0688% | 8h | 195.47 | +0.078% | $6.3M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.60 | +0.145% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0102% | 1h | 194.80 | −0.265% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0015% | 8h | 195.33 | +0.007% | $1.2M | $7.4M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.42 | +0.055% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USDlong | 0.0000% | 1h | 195.32 | long leg | $112K | $813K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 195.28 | −0.017% | $15.0M | $82.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.22 | −0.050% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.20 | −0.060% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.45 | +0.068% | $708K | $959K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
Aster COINUSDT
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.68 | +0.185% | $16K | $2.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.29 | −0.014% | $459K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.63 | +0.160% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.43 | +0.058% | $1.3M | $3.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.30 | −0.009% | $129K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.29 | −0.014% | $82 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.22 | −0.050% | $447K | $2.9M | 10x | as long as short |
| tradeXYZ xyz:COINshort | +0.0088% | 1h | 195.17 | −0.075% | $15.1M | $13.9M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.27 | −0.024% | $984K | $137K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.49 | +0.089% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.31 | −0.004% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.29 | −0.015% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.50 | +0.094% | $188K | $423K | 20x | as long as short |
| Lighter COIN | +0.0128% | 1h | 195.28 | −0.018% | $361K | $2.3M | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.44 | +0.063% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0872% | 4h | 195.49 | +0.089% | $50K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
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
Lighter COIN
Phoenix COIN
edgeX COINUSDC