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

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.018%
Price spread now: Orderly against QFEX+0.015%7-day average · you sell dearer than you buy
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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX COIN-USD201.980.0027pay 0.0003% / 1h1m 01s$1.4M$3.8M10x
ShortOrderly PERP_COIN_USDC_mythos202.010.0100get 0.0100% / 8h2h 01m$584$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$15.32
Price spread: +0.015% → 0.000%
$1.49
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
$0.81
Costs to cover
0.160%
Break-even
6.6 days
Slippage unknown: QFEX: live order book, 12 min ago; Orderly: 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 ago1.73 bp6.7 bp −$79.8 bp −$98doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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%1h202.06+0.040%$40K$48K30xas long as short
Aster COINUSDT0.0000%8h202.05+0.036%$370K$839K20xas long as short
Extended COIN_24_5-USD0.0000%1h201.91−0.034%$120K$446K10xas long as short
Binance COINUSDT0.0000%8h201.94−0.021%$15.6M$77.3M20xas long as short
Bybit COINUSDT0.0000%8h201.93−0.025%$5.0M$5.9M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h202.00+0.010%$3.3M$4.8M20xas long as short
Gate COIN_USDT0.0000%8h202.02+0.020%$1.3M$6.9M50xas long as short
Variational Omni COIN0.0000%8h201.98−0.002%$760K$983Kas long as short
GRVT COIN_USDT_Perp0.0000%8h202.00+0.011%$18K$2.0M10xas long as short
Bitget COINUSDT+0.0012%8h201.99+0.005%$6.9M$10.0M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX COIN-USDlong+0.0027%1h201.98long leg$1.4M$3.8M10x
Lighter COIN+0.0032%1h201.92−0.032%$368K$2.1M10xas long as short
Lighter RH COIN+0.0032%1h201.85−0.064%$431K$2.0M10xas long as short
Arcus COIN-USD+0.0040%1h202.17+0.094%$16K$56K5xas long as short
Vest COIN-USD-PERP+0.0046%1h201.95−0.015%$513K25xas long as short
tradeXYZ xyz:COIN+0.0050%1h201.90−0.040%$16.4M$13.4M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h201.92−0.030%$151K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h202.02+0.020%$71$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h201.81−0.084%$348K$3.3M10xas long as short
KuCoin COINUSDTM+0.0100%8h202.02+0.020%$1.0M$146K20xas long as short
ApeX Omni COINUSDT+0.0100%1h201.99+0.005%$91K$514K50xas long as short
Orderly PERP_COIN_USDC_mythosshort+0.0100%8h202.01+0.015%$584$5K10x
Aevo COIN-PERP+0.0104%1h201.93−0.025%$11910xas long as short
BloFin COIN-USDT+0.0120%8h202.10+0.059%$200K$339K20xas long as short
Phoenix COIN+0.0197%1h202.02+0.020%$5K$281K10xas long as short
edgeX COINUSDC+0.0619%4h202.07+0.045%$52K$294K10xas long as short