Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.2% APRpaid last 24h −0.024%
Price spread now: Binance against tradeXYZ+0.051%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days−0.145%−$14 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now +0.051%, 7d avg +0.068%
=Together, before fees−0.166%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 195.45 | 0.0050 | pay 0.0006% / 1h | 8m 55s | $15.1M | $12.9M | 10x |
| Short | Binance COINUSDT | 195.55 | 0.0020 | get 0.0020% / 8h | 8m 55s | $15.0M | $82.1M | 20x |
tradeXYZ xyz:COIN
Binance COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$6.22
- Price spread: +0.051% → +0.068%
- −$1.71
- Slippage, 4 orders
- −$9.6
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$45.54
- Costs to cover
- 0.376%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; Binance: live order book, 4 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, 10 min ago | 0.26 bp | 10.4 bp −$10 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.51 bp | 7.6 bp −$8 | 13.2 bp −$132 | 44.4 bp −$4,438 | 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 | 195.45 | 0.000% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0341% | 8h | 195.78 | +0.169% | $6.3M | $10.5M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0046% | 1h | 195.13 | −0.164% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.39 | −0.030% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.54 | +0.046% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.60 | +0.077% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.62 | +0.087% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.51 | +0.031% | $692K | $991K | — | as long as short |
| GRVT COIN_USDT_Perp | +0.0001% | 8h | 195.57 | +0.061% | $15K | $2.9M | 10x | as long as short |
| Binance COINUSDTshort | +0.0020% | 8h | 195.55 | +0.051% | $15.0M | $82.1M | 20x |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| Extended COIN_24_5-USD | +0.0024% | 1h | 195.49 | +0.018% | $104K | $860K | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.48 | +0.015% | $465K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.74 | +0.148% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 195.45 | long leg | $15.1M | $12.9M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.49 | +0.020% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.52 | +0.036% | $84 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.36 | −0.046% | $450K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.60 | +0.077% | $1.3M | $2.9M | 10x | as long as short |
| BloFin COIN-USDT | +0.0081% | 8h | 195.58 | +0.067% | $187K | $434K | 20x | as long as short |
| Lighter COIN | +0.0096% | 1h | 195.49 | +0.018% | $363K | $2.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.42 | −0.015% | $985K | $144K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.44 | −0.005% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.49 | +0.020% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.52 | +0.034% | $115 | — | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.44 | −0.005% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0681% | 4h | 195.50 | +0.024% | $50K | $294K | 10x | as long as short |
Extended COIN_24_5-USD
Lighter RH COIN
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
BloFin COIN-USDT
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC