Funding you earn now, next payment 05:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.038%
Price spread now: Vest against tradeXYZ−0.209%7-day average +0.143% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.209%, 7d avg +0.143%
=Together, before fees+0.186%+ Points / potential airdroptradeXYZ: Active · Vest: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.352% cheaper against tradeXYZ than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.143%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 196.56 | 0.0050 | pay 0.0006% / 1h | 39m 09s | $15.4M | $13.6M | 10x |
| Short | Vest COIN-USD-PERP | 196.15 | −0.0110 | pay 0.0014% / 1h | 39m 09s | — | $266K | 25x |
tradeXYZ xyz:COIN
Vest COIN-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$33.6
- Price spread: −0.209% → +0.143%
- −$35.2
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$88.8
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 10 min ago; Vest: no order-book sample. Net counts fees only.
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 | 0.25 bp | 9.3 bp −$9 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0690% | 8h | 196.83 | +0.137% | $6.3M | $10.4M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.76 | +0.102% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0226% | 8h | 196.85 | +0.148% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERPshort | −0.0110% | 1h | 196.15 | −0.209% | — | $266K | 25x | |
| Aster COINUSDT | 0.0000% | 8h | 196.81 | +0.125% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.65 | +0.048% | $117K | $689K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.72 | +0.080% | $14.7M | $79.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.77 | +0.107% | $4.8M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.78 | +0.112% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.74 | +0.092% | $684K | $939K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
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 | 196.77 | +0.105% | $10K | $2.4M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.72 | +0.081% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.62 | +0.031% | $451K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.94 | +0.193% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 196.56 | long leg | $15.4M | $13.6M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.68 | +0.061% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.66 | +0.051% | $81 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.62 | +0.031% | $350K | $2.7M | 10x | as long as short |
| edgeX COINUSDC | +0.0061% | 4h | 196.73 | +0.086% | $51K | $294K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.65 | +0.046% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.98 | +0.214% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.64 | +0.041% | $569 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.66 | +0.049% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0112% | 1h | 196.65 | +0.044% | $340K | $2.0M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.73 | +0.086% | $188K | $392K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 196.84 | +0.142% | $4K | $283K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
edgeX COINUSDC
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
Phoenix COIN