Funding you earn now, next payment 05:00 UTC−0.0739%/8h= −81.0% APRpaid last 24h −0.014%
Price spread now: Bitget against Ondo Perps+0.167%7-day average +0.104% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now +0.167%, 7d avg +0.104%
=Together, before fees−0.012%+ Points / potential airdropOndo Perps: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.063% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of +0.104%): +$6 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.064% in total) that is about 6.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps COIN-USD.P | 197.18 | 0.0050 | pay 0.0006% / 1h | 52m 14s | $350K | $2.7M | 10x |
| Short | Bitget COINUSDT | 197.51 | −0.0689 | pay 0.0689% / 8h | 3h 52m | $6.3M | $10.4M | 20x |
Ondo Perps COIN-USD.P
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Ondo Perps. 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
- −$155.27
- Price spread: +0.167% → +0.104%
- $6.35
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$165.93
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 1 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 1 min ago | 1.77 bp | 9.8 bp −$10 | 17.5 bp −$175 | doesn't fit | doesn't fit |
Ondo Perps: 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 COINUSDTshort | −0.0689% | 8h | 197.51 | +0.167% | $6.3M | $10.4M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.28 | +0.051% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0215% | 8h | 197.48 | +0.152% | $1.2M | $7.2M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0109% | 1h | 196.71 | −0.238% | — | $266K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.50 | +0.164% | $345K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.34 | +0.084% | $117K | $692K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.39 | +0.107% | $14.8M | $79.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.43 | +0.127% | $4.9M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.43 | +0.127% | $3.1M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.30 | +0.061% | $681K | $935K | — | as long as short |
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
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 | 197.26 | +0.043% | $12K | $2.3M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 197.39 | +0.107% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.35 | +0.086% | $450K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.44 | +0.132% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.31 | +0.066% | $15.5M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.33 | +0.076% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.34 | +0.081% | $83 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.Plong | +0.0050% | 1h | 197.18 | long leg | $350K | $2.7M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.34 | +0.081% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.23 | +0.025% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.35 | +0.086% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.36 | +0.092% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.54 | +0.183% | $188K | $394K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 197.22 | +0.020% | $5K | $283K | 10x | as long as short |
| Lighter COIN | +0.0208% | 1h | 197.33 | +0.076% | $341K | $2.0M | 10x | as long as short |
| edgeX COINUSDC | +0.0851% | 4h | 197.27 | +0.046% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
Lighter COIN
edgeX COINUSDC