Funding you earn now, next payment 02:00 UTC−0.0609%/8h= −66.7% APRpaid last 24h −0.047%
Price spread now: Bitget against tradeXYZ+0.056%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$470.473% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 7 days+0.056%+$6 · spread now +0.056%, 7d avg +0.075%
=Together, before fees−0.095%+ Points / potential airdroptradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.151% in total (about -7.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 197.67 | 0.0050 | pay 0.0006% / 1h | 15m 54s | $15.8M | $13.5M | 10x |
| Short | Bitget COINUSDT | 197.78 | −0.0559 | pay 0.0559% / 8h | 6h 15m | $6.5M | $10.1M | 20x |
tradeXYZ xyz:COIN
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$127.89
- Price spread: +0.056% → +0.075%
- −$1.98
- Slippage, 4 orders
- −$17.3
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$177.16
- Costs to cover
- 0.473%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago | 0.76 bp | 11.4 bp −$11 | 15.9 bp −$159 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 1.77 bp | 11.9 bp −$12 | 20.5 bp −$205 | doesn't fit | doesn't fit |
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 COINUSDTshort | −0.0559% | 8h | 197.78 | +0.056% | $6.5M | $10.1M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.10 | −0.288% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0048% | 1h | 197.30 | −0.187% | — | $290K | 25x | as long as short |
| Gate COIN_USDT | −0.0020% | 8h | 197.67 | 0.000% | $1.2M | $7.0M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.00 | +0.165% | $366K | $856K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.65 | −0.008% | $117K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.72 | +0.028% | $14.8M | $77.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.73 | +0.030% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.72 | +0.025% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.68 | +0.004% | $819K | $921K | — | as long as short |
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 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.57 | −0.050% | $14K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 197.76 | +0.046% | $1.3M | $3.6M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.66 | −0.003% | $378K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.65 | −0.010% | $437K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.82 | +0.076% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 197.67 | long leg | $15.8M | $13.5M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.68 | +0.005% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.63 | −0.020% | $94 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.56 | −0.056% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.72 | +0.025% | $996K | $144K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.60 | −0.035% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.68 | +0.005% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.67 | +0.001% | $117 | — | 10x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 197.75 | +0.040% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0503% | 4h | 197.53 | −0.071% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_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
Phoenix COIN
edgeX COINUSDC