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

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0322%/8h= +35.3% APRpaid last 24h +0.169%
Price spread now: edgeX against BloFin+0.127%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$380.379% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.374%+$37 on $10k
Price spread, last 4 days (all we have)+0.255%+$26 · spread now +0.127%, 7d avg +0.001%
Together, before fees+0.629%+ Points / potential airdropedgeX: Active · farm board+$63 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and edgeX is 0.126% dearer against BloFin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin COIN-USDT195.300.0140pay 0.0140% / 8h7h 34m$187K$473K20x
ShortedgeX COINUSDC195.550.0462get 0.0231% / 4h3h 34m$50K$294K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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
$67.69
Price spread: +0.127% → +0.001%
$12.61
Slippage, 4 orders
−$16.9
Fee BloFin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$42.4
Costs to cover
0.379%
Break-even
2.6 days
Slippage from BloFin: live order book, 41 min ago; edgeX: live order book, 63 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 41 min ago0.51 bp8.8 bp −$916.5 bp −$16541.0 bp −$4,103doesn't fit
Sell edgeX live order book, 63 min ago5.61 bp10.6 bp −$1116.6 bp −$166doesn't fitdoesn't fit

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
Injective COIN/USDC PERP−0.0440%1h194.87−0.220%$43K$40K30xas long as short
Bitget COINUSDT−0.0111%8h195.40+0.051%$6.3M$10.3M20xas long as short
Vest COIN-USD-PERP−0.0061%1h194.83−0.241%$324K25xas long as short
Aster COINUSDT0.0000%8h195.48+0.091%$341K$890K20xas long as short
Bybit COINUSDT0.0000%8h195.31+0.005%$4.7M$6.0M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h195.26−0.020%$3.0M$4.6M20xas long as short
Gate COIN_USDT0.0000%8h195.35+0.026%$1.2M$6.8M50xas long as short
Variational Omni COIN0.0000%8h195.35+0.027%$658K$1.0Mas long as short
GRVT COIN_USDT_Perp0.0000%8h195.57+0.138%$19K$3.0M10xas long as short
Lighter COIN+0.0032%1h195.30+0.002%$359K$2.0M10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH COIN+0.0032%1h195.26−0.020%$467K$1.3M10xas long as short
Extended COIN_24_5-USD+0.0032%1h195.26−0.021%$104K$860K10xas long as short
Binance COINUSDT+0.0033%8h195.29−0.005%$14.8M$81.5M20xas long as short
Arcus COIN-USD+0.0040%1h195.52+0.113%$17K$57K5xas long as short
QFEX COIN-USD+0.0047%1h195.27−0.015%$1.3M$2.8M10xas long as short
tradeXYZ xyz:COIN+0.0050%1h195.26−0.020%$15.1M$12.7M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h195.13−0.087%$134K$1.4M10xas long as short
SoDEX COIN-USD+0.0050%1h195.27−0.015%$77$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h195.25−0.026%$430K$2.5M10xas long as short
KuCoin COINUSDTM+0.0100%8h195.300.000%$983K$184K20xas long as short
ApeX Omni COINUSDT+0.0100%1h195.35+0.026%$88K$287K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h195.32+0.010%$565$4K10xas long as short
Aevo COIN-PERP+0.0104%1h195.27−0.016%$11510xas long as short
BloFin COIN-USDTlong+0.0140%8h195.30long leg$187K$473K20x
Phoenix COIN+0.0164%1h195.41+0.056%$4K$283K10xas long as short
edgeX COINUSDCshort+0.0462%4h195.55+0.127%$50K$294K10x