Settings8H · net · $10k
Funding arb · Price arb /

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0793%/8h= +86.9% APRpaid last 24h +0.014%
Price spread now: Ondo Perps against Bitget−0.091%7-day average −0.104% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.064%+$6 on $10k
Price spread, last 7 days−0.128%−$13 · spread now −0.091%, 7d avg −0.104%
Together, before fees−0.064%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.104%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.064% in total (about 3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget COINUSDT197.03−0.0743get 0.0743% / 8h4h 37m$6.2M$10.3M20x
ShortOndo Perps COIN-USD.P196.850.0050get 0.0006% / 1h37m 14s$348K$2.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$166.61
Price spread: −0.091% → −0.104%
$1.25
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$150.87
Costs to cover
0.170%
Break-even
0.7 days
Slippage unknown: Bitget: live order book, 1 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago2.28 bp12.0 bp −$1221.6 bp −$216doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget COINUSDTlong−0.0743%8h197.03long leg$6.2M$10.3M20x
Injective COIN/USDC PERP−0.0440%1h196.96−0.036%$43K$48K30xas long as short
Gate COIN_USDT−0.0211%8h196.92−0.056%$1.2M$7.1M50xas long as short
Vest COIN-USD-PERP−0.0086%1h196.41−0.315%$277K25xas long as short
Aster COINUSDT0.0000%8h197.20+0.084%$345K$885K20xas long as short
Extended COIN_24_5-USD0.0000%1h196.83−0.101%$119K$694K10xas long as short
Binance COINUSDT0.0000%8h196.89−0.071%$15.0M$78.9M20xas long as short
Bybit COINUSDT0.0000%8h196.80−0.117%$4.8M$5.9M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h196.82−0.107%$3.0M$4.6M20xas long as short
Variational Omni COIN0.0000%8h197.11+0.040%$683K$938Kas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perp0.0000%8h197.13+0.053%$17K$2.2M10xas long as short
QFEX COIN-USD+0.0013%1h197.05+0.010%$1.3M$3.3M10xas long as short
Lighter COIN+0.0032%1h196.76−0.138%$350K$2.0M10xas long as short
Lighter RH COIN+0.0032%1h196.74−0.147%$450K$1.4M10xas long as short
Arcus COIN-USD+0.0040%1h197.18+0.076%$15K$55K5xas long as short
tradeXYZ xyz:COIN+0.0050%1h196.75−0.142%$15.4M$13.4M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h196.84−0.096%$126K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h196.86−0.086%$59$3K10xas long as short
Ondo Perps COIN-USD.Pshort+0.0050%1h196.85−0.091%$348K$2.8M10x
KuCoin COINUSDTM+0.0100%8h196.94−0.046%$992K$143K20xas long as short
ApeX Omni COINUSDT+0.0100%1h196.91−0.061%$88K$287K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h196.87−0.081%$569$4K10xas long as short
Aevo COIN-PERP+0.0104%1h196.80−0.118%$11610xas long as short
BloFin COIN-USDT+0.0120%8h196.98−0.025%$188K$391K20xas long as short
Phoenix COIN+0.0121%1h197.00−0.015%$4K$281K10xas long as short
edgeX COINUSDC+0.0267%4h197.13+0.050%$51K$294K10xas long as short