Settings8H · net · $10k
Funding arb · Price arb /

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%
Price spread now: Binance against OKX−0.010%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$380.380% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 2 days (all we have)+0.010%+$1 · spread now −0.010%, 7d avg −0.014%
Together, before fees−0.032%−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX COIN-USDT-SWAP202.040get 0.0000% / 8h25m 03s$3.3M$4.7M20x
ShortBinance COINUSDT202.020get 0.0000% / 8h25m 03s$15.6M$76.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
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% → −0.014%
$0.43
Slippage, 4 orders
−$17.96
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$37.53
Costs to cover
0.380%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Binance: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago1.98 bp12.0 bp −$1222.8 bp −$228doesn't fitdoesn't fit
Sell Binance live order book, 2 min ago0.25 bp7.4 bp −$713.2 bp −$13248.5 bp −$4,848doesn't fit

COIN on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective COIN/USDC PERP−0.0440%1h201.48−0.277%$44K$49K30xas long as short
Aster COINUSDT0.0000%8h202.05+0.006%$370K$839K20xas long as short
Extended COIN_24_5-USD0.0000%1h201.97−0.033%$119K$446K10xas long as short
Binance COINUSDTshort0.0000%8h202.02−0.010%$15.6M$76.6M20x
Bybit COINUSDT0.0000%8h202.03−0.005%$5.0M$5.9M50xas long as short
OKX COIN-USDT-SWAPlong0.0000%8h202.04long leg$3.3M$4.7M20x
Gate COIN_USDT0.0000%8h202.02−0.010%$1.3M$7.0M50xas long as short
Variational Omni COIN0.0000%8h202.02−0.009%$840K$1.1Mas long as short
GRVT COIN_USDT_Perp0.0000%8h202.04+0.001%$12K$2.0M10xas long as short
Bitget COINUSDT+0.0012%8h202.05+0.005%$6.9M$10.1M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX COIN-USD+0.0032%1h201.94−0.049%$1.4M$4.0M10xas long as short
Lighter RH COIN+0.0032%1h202.02−0.010%$434K$1.8M10xas long as short
Arcus COIN-USD+0.0040%1h202.12+0.040%$16K$55K5xas long as short
Vest COIN-USD-PERP+0.0046%1h201.83−0.104%$513K25xas long as short
Polymarket Perps COIN-USD+0.0050%1h201.94−0.049%$129K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h202.01−0.015%$81$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h201.80−0.119%$358K$3.3M10xas long as short
KuCoin COINUSDTM+0.0100%8h202.09+0.025%$1.0M$138K20xas long as short
ApeX Omni COINUSDT+0.0100%1h201.96−0.040%$91K$328K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h202.01−0.015%$584$4K10xas long as short
Lighter COIN+0.0104%1h202.01−0.013%$377K$2.0M10xas long as short
Aevo COIN-PERP+0.0104%1h201.97−0.032%$11910xas long as short
BloFin COIN-USDT+0.0120%8h201.97−0.035%$200K$342K20xas long as short
tradeXYZ xyz:COIN+0.0182%1h201.98−0.030%$16.6M$13.2M10xas long as short
Phoenix COIN+0.0238%1h202.05+0.005%$5K$279K10xas long as short
edgeX COINUSDC+0.0527%4h201.92−0.060%$52K$295K10xas long as short