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

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.030%
Price spread now: Ondo Perps against QFEX−0.243%7-day average −0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.052%+$5 on $10k
Price spread, last 7 days−0.033%−$3 · spread now −0.243%, 7d avg −0.048%
Together, before fees+0.020%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.195% cheaper against QFEX than usual: you would sell low and buy high (spread −0.243% now, against its 7-day average of −0.048%). If the spread goes back, that is −$20 on $10k: about 19 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX COIN-USD201.690.0016pay 0.0002% / 1h5m 59s$1.4M$3.9M10x
ShortOndo Perps COIN-USD.P201.200.0050get 0.0006% / 1h5m 59s$361K$3.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against QFEX. 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
$7.27
Price spread: −0.243% → −0.048%
−$19.52
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$27.25
Costs to cover
0.150%
Break-even
33.2 days
Slippage unknown: QFEX: live order book, 12 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 12 min ago2.23 bp7.2 bp −$77.8 bp −$78doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective COIN/USDC PERP−0.0440%1h201.27−0.208%$44K$49K30xas long as short
Aster COINUSDT0.0000%8h201.64−0.025%$370K$839K20xas long as short
Extended COIN_24_5-USD0.0000%1h201.59−0.050%$119K$446K10xas long as short
Binance COINUSDT0.0000%8h201.62−0.033%$15.6M$76.7M20xas long as short
Bybit COINUSDT0.0000%8h201.67−0.010%$5.0M$5.9M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h201.67−0.010%$3.3M$4.7M20xas long as short
Gate COIN_USDT0.0000%8h201.66−0.015%$1.3M$7.0M50xas long as short
Bitget COINUSDT0.0000%8h201.72+0.015%$6.9M$9.9M20xas long as short
Variational Omni COIN0.0000%8h201.52−0.083%$799K$1.0Mas long as short
GRVT COIN_USDT_Perp0.0000%8h201.66−0.016%$19K$2.0M10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX COIN-USDlong+0.0016%1h201.69long leg$1.4M$3.9M10x
Lighter COIN+0.0032%1h201.57−0.061%$372K$2.1M10xas long as short
Lighter RH COIN+0.0032%1h201.54−0.074%$433K$1.8M10xas long as short
Arcus COIN-USD+0.0040%1h201.68−0.005%$16K$55K5xas long as short
Vest COIN-USD-PERP+0.0046%1h201.55−0.069%$513K25xas long as short
Polymarket Perps COIN-USD+0.0050%1h201.58−0.055%$140K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h201.59−0.050%$85$3K10xas long as short
Ondo Perps COIN-USD.Pshort+0.0050%1h201.20−0.243%$361K$3.3M10x
tradeXYZ xyz:COIN+0.0094%1h201.60−0.045%$16.5M$13.1M10xas long as short
KuCoin COINUSDTM+0.0100%8h201.65−0.020%$1.0M$141K20xas long as short
ApeX Omni COINUSDT+0.0100%1h201.60−0.045%$91K$346K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h201.63−0.030%$583$4K10xas long as short
Aevo COIN-PERP+0.0104%1h201.61−0.037%$11910xas long as short
BloFin COIN-USDT+0.0120%8h201.72+0.015%$199K$341K20xas long as short
Phoenix COIN+0.0198%1h201.690.000%$5K$281K10xas long as short
edgeX COINUSDC+0.0479%4h201.53−0.079%$52K$293K10xas long as short