Funding you earn now, next payment 05:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.006%
Price spread now: BloFin against tradeXYZ+0.061%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$370.368% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.061%, 7d avg +0.019%
=Together, before fees−0.052%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.042% dearer against tradeXYZ than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 196.21 | 0.0050 | pay 0.0006% / 1h | 3m 04s | $15.3M | $13.7M | 10x |
| Short | BloFin COIN-USDT | 196.33 | 0.0120 | get 0.0120% / 8h | 3h 03m | $187K | $393K | 20x |
tradeXYZ xyz:COIN
BloFin COIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $14.7
- Price spread: +0.061% → +0.019%
- $4.18
- Slippage, 4 orders
- −$6.81
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$17.93
- Costs to cover
- 0.368%
- Break-even
- 15.5 days
Slippage from tradeXYZ: live order book, 5 min ago; BloFin: live order book, 27 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, 5 min ago | 0.25 bp | 9.3 bp −$9 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 1.02 bp | 7.7 bp −$8 | 9.4 bp −$94 | 37.0 bp −$3,698 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0730% | 8h | 196.48 | +0.138% | $6.3M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.49 | +0.143% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0229% | 8h | 196.38 | +0.087% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 195.82 | −0.199% | — | $270K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.26 | +0.026% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.28 | +0.036% | $116K | $845K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.32 | +0.058% | $14.7M | $80.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.33 | +0.061% | $4.8M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.33 | +0.061% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.50 | +0.148% | $689K | $944K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
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 | 196.41 | +0.099% | $20K | $2.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.32 | +0.056% | $1.3M | $3.1M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.32 | +0.055% | $380K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.29 | +0.041% | $453K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.58 | +0.189% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 196.21 | long leg | $15.3M | $13.7M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.21 | 0.000% | $132K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.33 | +0.061% | $81 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.19 | −0.010% | $350K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.28 | +0.036% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.34 | +0.066% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.28 | +0.036% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.29 | +0.039% | $116 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 196.33 | +0.061% | $187K | $393K | 20x | |
| Phoenix COIN | +0.0122% | 1h | 196.37 | +0.082% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0188% | 4h | 196.41 | +0.101% | $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