Funding arb · Price arb / RWA

COIN

RWAAll COIN markets →

LONGHTX▾Bitget −0.0519%Injective −0.0141%Gate −0.0019%Aster 0.0000%Extended 0.0000%Binance 0.0000%MEXC 0.0000%KuCoin 0.0000%Variational Omni 0.0000%SunX 0.0000%QFEX +0.0004%Orderly +0.0023%Arcus +0.0038%Vest Markets +0.0046%Avantis +0.0068%ApeX Omni +0.0100%Aevo +0.0104%BloFin +0.0120%Lighter RH +0.0144%Polymarket Perps +0.0185%OKX +0.0189%tradeXYZ +0.0221%AZverse +0.0250%TxFlow +0.0358%Lighter +0.0456%BingX +0.0460%GRVT +0.0466%Popdex +0.0488%HTX +0.0493%Bybit +0.0508%edgeX +0.0549%Kraken Futures +0.0582%SoDEX +0.0642%Phoenix +0.0694%

⇄⇅

SHORTOndo Perps▾Phoenix +0.0694%SoDEX +0.0642%Kraken Futures +0.0582%edgeX +0.0549%Bybit +0.0508%Popdex +0.0488%GRVT +0.0466%BingX +0.0460%Lighter +0.0456%TxFlow +0.0358%AZverse +0.0250%tradeXYZ +0.0221%OKX +0.0189%Polymarket Perps +0.0185%Lighter RH +0.0144%BloFin +0.0120%Aevo +0.0104%ApeX Omni +0.0100%Ondo Perps +0.0050%Vest Markets +0.0046%Arcus +0.0038%Avantis −0.0032%Orderly +0.0023%QFEX +0.0004%Aster 0.0000%Extended 0.0000%Binance 0.0000%MEXC 0.0000%KuCoin 0.0000%Variational Omni 0.0000%SunX 0.0000%Gate −0.0019%Injective −0.0141%Bitget −0.0519%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	HTXCOINX-USDT	161.79	+0.0493	pay 0.0493% / 8h	4h 42m	$24K	$68K	20x	Long HTX
SHORT	Ondo PerpsCOIN-USD.P2	161.27	+0.0050	get 0.0006% / 1h	42m 38s	$890K	$300K	10x	Short Ondo Perps5% off

Price gap−0.321%

Funding gap−0.0443% /8h

Both sides work against this direction now: funding costs $13 a day on $10k and the gap is 0.321% under zero (no 7-day history yet). Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.059% in total, about +0.0028%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.321%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

HTXOndo Perps

COIN on 35 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

• i
  Note: Order book unknown—

  No order-book sample for HTX: its slippage is not counted.
• i
  Note: Margin at max leverage$500 + $1,000

  HTX 20x, Ondo Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ8h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long HTX · 8h−$14.79

  Short Ondo Perps · 1h+$1.51

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$13.28Long HTX: 3 payments, −$14.79; short Ondo Perps: 24 payments, +$1.51.
• i
  Note: No 7-day spread history−0.321%

  The gap cannot be compared with its average yet.
• !
  Watch: Long leg is thinner$24K vs $890K OI

  HTX sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legOndo Perps points

  Volume here counts toward the points program.
• !
  Watch: KYCHTX Limited · Ondo Perps No

  No ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0028%/8h × 21 periods+$5.92

Price spread−0.321% → 0−$32.14

Slippage, 4 ordersno data for HTX—

Fee HTX bp × 2 orders−$12.00

Fee Ondo Perps bp × 2 orders−$5.00

Net, fees only · 7 days · $10k−$43.22

Costs to cover0.170%Break-even58.1 days

Slippage: HTX: no order-book sample; Ondo Perps: live order book, 30 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGHTX—————

SELL · SHORTOndo Perps1.245.2 bp−$519.3 bp−$193doesn’t fitdoesn’t fit

Closing costs about the same again.
HTX: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

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COIN news

posts that mention COIN or Coinbase Global, from every exchangeSearch all news →

10-23 16:53	Backpack	Other	Earnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗
10-22 22:57	Injective	Token	The second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
09-25 00:50	Injective	Token	The Injective Stockdrop officially starts next week. Anyone who participated in the $INJ BuyBack yesterday will be eligible to earn a stock token on Robinhood Chain. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
09-21 13:35	gTrade (Gains Network)	Listing	new market COIN/USD ($COIN) seen by our collector
09-18 17:30	Vest Markets	Other	$COIN is rebounding from Tuesday's Senate defeat of the CLARITY Act, up around 12% on the session. The SEC issued a five-year innovation exemption that allows tokenized versions of U.S. stocks to trade on blockchain venues, with a comment period open. Crypto-linked equities are broadly higher, with $MSTR, $HOOD and $CRCL also up on the session. @VestExchange on X ↗