Funding you earn now, next payment 06:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.025%
Price spread now: tradeXYZ against SoDEX−0.020%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
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and tradeXYZ is 0.020% cheaper against SoDEX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX COIN-USD | 196.47 | 0.0060 | pay 0.0008% / 1h | 7m 46s | $90 | $3K | 10x |
| Short | tradeXYZ xyz:COIN | 196.43 | 0.0050 | get 0.0006% / 1h | 7m 46s | $15.3M | $13.8M | 10x |
SoDEX COIN-USD
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$2.2
- Price spread: −0.020% → 0.000%
- −$2.04
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$30.24
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; tradeXYZ: live order book, 11 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 tradeXYZ live order book, 11 min ago | 0.26 bp | 12.1 bp −$12 | 17.9 bp −$179 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0783% | 8h | 196.67 | +0.102% | $6.4M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.48 | +0.005% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 195.94 | −0.270% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0077% | 8h | 196.58 | +0.056% | $1.2M | $7.4M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.38 | −0.047% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.46 | −0.003% | $112K | $854K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.56 | +0.045% | $15.1M | $82.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.51 | +0.020% | $4.7M | $6.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.54 | +0.036% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.45 | −0.012% | $713K | $961K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
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 | 196.51 | +0.022% | $11K | $2.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.45 | −0.010% | $458K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.50 | +0.015% | $1.3M | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.43 | −0.020% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 196.43 | −0.020% | $15.3M | $13.8M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.41 | −0.031% | $128K | $1.4M | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.32 | −0.076% | $450K | $2.9M | 10x | as long as short |
| SoDEX COIN-USDlong | +0.0060% | 1h | 196.47 | long leg | $90 | $3K | 10x | |
| Phoenix COIN | +0.0082% | 1h | 196.47 | 0.000% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.21 | −0.132% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.38 | −0.046% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.53 | +0.031% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.50 | +0.017% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0112% | 1h | 196.47 | +0.002% | $380K | $2.3M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.50 | +0.015% | $186K | $422K | 20x | as long as short |
| edgeX COINUSDC | +0.0687% | 4h | 196.40 | −0.035% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Polymarket Perps COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
edgeX COINUSDC