Funding you earn now, next payment 12:00 UTC+0.0930%/8h= +101.8% APRpaid last 24h +0.178%
Price spread now: edgeX against tradeXYZ+0.315%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$430.427% of the position
Funding, last 7 days+0.467%+$47 on $10k
+Price spread, last 4 days (all we have)−0.269%−$27 · spread now +0.315%, 7d avg +0.023%
=Together, before fees+0.198%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and edgeX is 0.292% dearer against tradeXYZ than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.023%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.467% in total (about 24.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 198.27 | 0.0050 | pay 0.0006% / 1h | 53m 30s | $14.6M | $11.0M | 10x |
| Short | edgeX COINUSDC | 198.90 | 0.0980 | get 0.0490% / 4h | 53m 30s | $51K | $293K | 10x |
tradeXYZ xyz:COIN
edgeX COINUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $195.29
- Price spread: +0.315% → +0.023%
- $29.23
- Slippage, 4 orders
- −$15.71
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $181.81
- Costs to cover
- 0.427%
- Break-even
- 0.5 days
Slippage from tradeXYZ: live order book, 9 min ago; edgeX: live order book, 52 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 | 0.75 bp | 10.6 bp −$11 | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 52 min ago | 5.30 bp | 10.2 bp −$10 | 16.1 bp −$161 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | 197.59 | −0.343% | $17K | $222K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.48 | +0.108% | $346K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.37 | +0.052% | $105K | $897K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.44 | +0.087% | $14.6M | $74.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.43 | +0.081% | $4.7M | $5.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.45 | +0.091% | $3.1M | $4.1M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.47 | +0.101% | $1.2M | $6.1M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.45 | +0.091% | $6.4M | $9.4M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.97 | +0.354% | $786K | $899K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.95 | +0.343% | $21K | $3.4M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 198.51 | +0.123% | $344K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.51 | +0.121% | $483K | $1.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0033% | 1h | 198.33 | +0.030% | $1.3M | $2.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.70 | +0.217% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.41 | +0.071% | — | $277K | 25x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 198.27 | long leg | $14.6M | $11.0M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.24 | −0.015% | $122K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.78 | +0.257% | $84 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.55 | +0.141% | $324K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.38 | +0.055% | $936K | $259K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.84 | +0.287% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.49 | +0.111% | $574 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.75 | +0.245% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.08 | +0.409% | $195K | $482K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 198.90 | +0.318% | $5K | $268K | 10x | as long as short |
| edgeX COINUSDCshort | +0.0980% | 4h | 198.90 | +0.315% | $51K | $293K | 10x |
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
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