Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.007%

Price spread now: SoDEX against OKX+0.010%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COIN-USDT-SWAP	196.05	0	get 0.0000% / 8h	1h 17m	$3.0M	$4.7M	20x
Short	SoDEX COIN-USD	196.07	0.0050	get 0.0006% / 1h	17m 48s	$80	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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

Position, each leg$Hold fordaysFee OKXbpFee SoDEXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $10.5
Price spread: +0.010% → 0.000%: $1.02
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$6.48
Costs to cover: 0.180%
Break-even: 11.3 days

Slippage unknown: OKX: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.

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 OKX live order book, 5 min ago	0.77 bp	10.1 bp −$10	37.7 bp −$377	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0633%	8h	196.19	+0.071%	$6.3M	$10.6M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.04	−0.005%	$43K	$48K	30x	as long as short
Vest COIN-USD-PERP	−0.0091%	1h	195.63	−0.214%	—	$326K	25x	as long as short
Aster COINUSDT	0.0000%	8h	195.97	−0.039%	$342K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.01	−0.020%	$117K	$790K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.11	+0.031%	$15.0M	$82.2M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.06	+0.005%	$4.7M	$6.2M	50x	as long as short
OKX COIN-USDT-SWAPlong	0.0000%	8h	196.05	long leg	$3.0M	$4.7M	20x
Gate COIN_USDT	0.0000%	8h	196.10	+0.026%	$1.2M	$7.4M	50x	as long as short
Variational Omni COIN	0.0000%	8h	196.07	+0.011%	$708K	$980K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	195.95	−0.050%	$12K	$2.8M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	195.97	−0.041%	$461K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.19	+0.071%	$15K	$54K	5x	as long as short
QFEX COIN-USD	+0.0045%	1h	196.06	+0.005%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	195.92	−0.066%	$15.2M	$13.2M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	195.95	−0.051%	$130K	$1.4M	10x	as long as short
SoDEX COIN-USDshort	+0.0050%	1h	196.07	+0.010%	$80	$3K	10x
Ondo Perps COIN-USD.P	+0.0050%	1h	195.88	−0.087%	$435K	$2.8M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	195.88	−0.087%	$987K	$136K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	195.94	−0.056%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.08	+0.015%	$567	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.08	+0.016%	$116	—	10x	as long as short
Lighter COIN	+0.0120%	1h	196.05	−0.002%	$364K	$2.3M	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.09	+0.020%	$187K	$428K	20x	as long as short
Phoenix COIN	+0.0163%	1h	195.84	−0.107%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0429%	4h	195.94	−0.054%	$50K	$295K	10x	as long as short