COIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.23 per $10,000 · paid last 24h +0.048%

Price spread now: Phoenix against SoDEX−0.040%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Phoenix

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

Funding pays, the price is against you. Phoenix is 0.040% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX COIN-USD	200.87	0.0050	pay 0.0006% / 1h	5m 06s	$100	$3K	10x
Short	Phoenix COIN	200.79	0.0237	get 0.0030% / 1h	5m 06s	$5K	$279K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SoDEX. 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 SoDEXbpFee PhoenixbpOrdersPrice spread, now −0.040%Rate

Funding earned: $39.34
Price spread: −0.040% → 0.000%: −$3.98
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $20.36
Costs to cover: 0.150%
Break-even: 3.4 days

Slippage unknown: SoDEX: no order-book sample; Phoenix: live order book, 63 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 Phoenix live order book, 63 min ago	3.46 bp	12.0 bp −$12	25.7 bp −$257	doesn't fit	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 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
Injective COIN/USDC PERP	−0.0440%	1h	200.88	+0.005%	$44K	$48K	30x	as long as short
Aster COINUSDT	0.0000%	8h	200.97	+0.049%	$368K	$840K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	200.91	+0.020%	$119K	$705K	10x	as long as short
Binance COINUSDT	0.0000%	8h	200.93	+0.030%	$15.7M	$74.7M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	200.95	+0.040%	$5.0M	$5.9M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	200.98	+0.055%	$3.3M	$4.5M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	200.97	+0.050%	$1.3M	$6.9M	50x	as long as short
Bitget COINUSDT	0.0000%	8h	200.99	+0.060%	$6.8M	$9.1M	20x	as long as short
Variational Omni COIN	0.0000%	8h	200.76	−0.056%	$833K	$1.0M	—	as long as short
GRVT COIN_USDT_Perp	0.0000%	8h	201.13	+0.130%	$13K	$2.0M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX COIN-USD	+0.0021%	1h	200.93	+0.030%	$1.4M	$3.7M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	200.81	−0.030%	$431K	$1.5M	10x	as long as short
edgeX COINUSDC	+0.0035%	4h	200.94	+0.036%	$52K	$294K	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	201.07	+0.100%	$16K	$53K	5x	as long as short
Vest COIN-USD-PERP	+0.0046%	1h	200.68	−0.095%	—	$286K	25x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	200.81	−0.030%	$16.5M	$12.3M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	200.86	−0.005%	$129K	$1.2M	10x	as long as short
SoDEX COIN-USDlong	+0.0050%	1h	200.87	long leg	$100	$3K	10x
Ondo Perps COIN-USD.P	+0.0050%	1h	200.87	0.000%	$356K	$3.3M	10x	as long as short
Lighter COIN	+0.0072%	1h	200.84	−0.013%	$366K	$1.9M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	201.05	+0.090%	$1.0M	$120K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	200.93	+0.030%	$90K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	200.90	+0.015%	$581	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	200.90	+0.014%	$119	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	200.95	+0.040%	$199K	$339K	20x	as long as short
Phoenix COINshort	+0.0237%	1h	200.79	−0.040%	$5K	$279K	10x