Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.014%
Price spread now: Extended against tradeXYZ+0.069%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$400.400% of the position
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.069%, 7d avg −0.006%
=Together, before fees−0.238%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.075% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of −0.006%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 197.85 | 0.0050 | pay 0.0006% / 1h | 16m 44s | $14.8M | $11.8M | 10x |
| Short | Extended COIN_24_5-USD | 197.99 | 0 | get 0.0000% / 1h | 16m 44s | $108K | $851K | 10x |
tradeXYZ xyz:COIN
Extended COIN_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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: +0.069% → −0.006%
- $7.53
- Slippage, 4 orders
- −$17.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$42.98
- Costs to cover
- 0.400%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Extended: live order book, 34 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 | 1.01 bp | 12.7 bp −$13 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell Extended live order book, 34 min ago | 0.25 bp | 8.1 bp −$8 | 46.3 bp −$463 | 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 | 197.11 | −0.374% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.04 | +0.095% | $345K | $871K | 20x | as long as short |
| Extended COIN_24_5-USDshort | 0.0000% | 1h | 197.99 | +0.069% | $108K | $851K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 198.02 | +0.088% | $14.5M | $76.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.04 | +0.096% | $4.6M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.01 | +0.081% | $3.1M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.06 | +0.106% | $1.2M | $6.6M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.09 | +0.121% | $6.4M | $9.8M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.13 | +0.144% | $769K | $921K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.08 | +0.116% | $21K | $3.1M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
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 | 197.92 | +0.036% | $346K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.94 | +0.045% | $480K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 198.16 | +0.157% | $1.3M | $2.6M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.11 | +0.131% | $17K | $28K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.05 | +0.101% | — | $293K | 25x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 197.85 | long leg | $14.8M | $11.8M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.10 | +0.126% | $136K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.91 | +0.030% | $97 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.82 | −0.015% | $342K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.95 | +0.051% | $934K | $227K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.04 | +0.096% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.26 | +0.207% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.10 | +0.125% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.98 | +0.066% | $192K | $490K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.94 | +0.045% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDC | +0.0225% | 4h | 198.04 | +0.097% | $51K | $294K | 10x | as long as short |
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
edgeX COINUSDC