Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.049%
Price spread now: Aster against tradeXYZ+0.055%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1581.578% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.055%, 7d avg +0.019%
=Together, before fees−0.238%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.035% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.019%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 197.10 | 0.0050 | pay 0.0006% / 1h | 39m 30s | $15.9M | $13.4M | 10x |
| Short | Aster COINUSDT | 197.21 | 0 | get 0.0000% / 8h | 6h 39m | $361K | $840K | 20x |
tradeXYZ xyz:COIN
Aster COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against tradeXYZ. 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: +0.055% → +0.019%
- $3.53
- Slippage, 4 orders
- −$131.76
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$164.73
- Costs to cover
- 1.578%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; Aster: live order book, 28 min ago.
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 tradeXYZ live order book, 9 min ago | 1.26 bp | 11.6 bp −$12 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell Aster live order book, 28 min ago | 52.73 bp | 62.3 bp −$62 | 143.1 bp −$1,431 | doesn't fit | doesn't fit |
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 | 197.98 | +0.446% | $44K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0104% | 8h | 197.67 | +0.289% | $6.5M | $10.3M | 20x | as long as short |
| Aster COINUSDTshort | 0.0000% | 8h | 197.21 | +0.055% | $361K | $840K | 20x | |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.26 | +0.079% | $117K | $703K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.29 | +0.094% | $15.0M | $77.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.26 | +0.081% | $4.9M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.58 | +0.244% | $3.1M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.31 | +0.107% | $1.3M | $6.9M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.93 | +0.423% | $820K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.00 | +0.457% | $14K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest COIN-USD-PERP | +0.0009% | 1h | 196.88 | −0.112% | — | $289K | 25x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 197.32 | +0.112% | $1.3M | $3.7M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.10 | −0.001% | $385K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.08 | −0.010% | $427K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.89 | +0.401% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 197.10 | long leg | $15.9M | $13.4M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.16 | +0.030% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.24 | +0.071% | $96 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.01 | −0.046% | $349K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.09 | −0.005% | $979K | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.23 | +0.573% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.99 | −0.056% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.90 | −0.103% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.02 | +0.974% | $198K | $377K | 20x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 198.09 | +0.502% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0362% | 4h | 198.51 | +0.717% | $51K | $293K | 10x | as long as short |
Vest COIN-USD-PERP
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC