Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.007%
Price spread now: Bybit against SoDEX−0.005%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 | SoDEX COIN-USD | 197.32 | 0.0050 | pay 0.0006% / 1h | 54m 55s | $89 | $3K | 10x |
| Short | Bybit COINUSDT | 197.31 | 0 | get 0.0000% / 8h | 5h 54m | $4.9M | $5.9M | 50x |
SoDEX COIN-USD
Bybit COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SoDEX. 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
- −$10.5
- Price spread: −0.005% → 0.000%
- −$0.51
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$30.01
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 3 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 1.52 bp | 8.7 bp −$9 | 30.5 bp −$305 | 151.1 bp −$15.1K | doesn't fit |
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 25 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 | −0.0694% | 8h | 197.37 | +0.025% | $6.3M | $10.1M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.32 | 0.000% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0137% | 8h | 197.29 | −0.015% | $1.2M | $7.0M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0085% | 1h | 196.92 | −0.203% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.49 | +0.086% | $349K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.27 | −0.026% | $119K | $697K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.32 | 0.000% | $15.1M | $78.2M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 197.31 | −0.005% | $4.9M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.30 | −0.010% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.59 | +0.136% | $817K | $905K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.39 | +0.037% | $14K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.30 | −0.010% | $1.3M | $3.6M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.28 | −0.023% | $365K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.26 | −0.030% | $450K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.62 | +0.152% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.23 | −0.046% | $15.7M | $13.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.20 | −0.061% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USDlong | +0.0050% | 1h | 197.32 | long leg | $89 | $3K | 10x | |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.22 | −0.051% | $350K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.31 | −0.005% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.36 | +0.020% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.31 | −0.005% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.26 | −0.031% | $116 | — | 10x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 197.32 | 0.000% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0733% | 4h | 197.37 | +0.027% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC