Funding you earn now, next payment 07:00 UTC+0.0151%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h +0.037%
Price spread now: tradeXYZ against Vest+0.184%7-day average −0.134% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.184%, 7d avg −0.134%
=Together, before fees−0.192%+ Points / potential airdropVest: Active · tradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and tradeXYZ is 0.318% dearer against Vest than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −0.134%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest COIN-USD-PERP | 195.39 | −0.0101 | get 0.0013% / 1h | 24m 36s | — | $322K | 25x |
| Short | tradeXYZ xyz:COIN | 195.75 | 0.0050 | get 0.0006% / 1h | 24m 36s | $15.2M | $13.2M | 10x |
Vest COIN-USD-PERP
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Vest. 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
- $31.67
- Price spread: +0.184% → −0.134%
- $31.85
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $43.52
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; tradeXYZ: live order book, 4 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 4 min ago | 1.28 bp | 11.2 bp −$11 | 14.1 bp −$141 | doesn't fit | doesn't fit |
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 | −0.0693% | 8h | 196.00 | +0.312% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.60 | +0.107% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERPlong | −0.0101% | 1h | 195.39 | long leg | — | $322K | 25x | |
| Aster COINUSDT | 0.0000% | 8h | 195.70 | +0.159% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.83 | +0.227% | $116K | $790K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.87 | +0.246% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.88 | +0.251% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.03 | +0.328% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.87 | +0.246% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.90 | +0.261% | $711K | $973K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
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 | 195.71 | +0.164% | $12K | $2.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.79 | +0.205% | $461K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.82 | +0.220% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.85 | +0.235% | $1.3M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 195.75 | +0.184% | $15.2M | $13.2M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.90 | +0.261% | $130K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.93 | +0.276% | $80 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.67 | +0.143% | $444K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.71 | +0.164% | $986K | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.53 | +0.072% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.93 | +0.276% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.95 | +0.285% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0112% | 1h | 195.81 | +0.213% | $364K | $2.3M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.99 | +0.307% | $187K | $425K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.47 | +0.041% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0357% | 4h | 195.66 | +0.138% | $50K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
QFEX 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
Lighter COIN
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC