Funding you earn now, next payment 02:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.018%
Price spread now: Extended against BloFin−0.158%54s7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.325% of the position
Funding, last 7 days−0.224%−$22 on $10k
+Price spread, last 3 days (all we have)+0.218%+$22 · spread now −0.158%, 7d avg −0.030%
=Together, before fees−0.006%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.128% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.030%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COIN-USDT | 199.44 | 0.0120 | pay 0.0120% / 8h | 6h 56m | $197K | $375K | 20x |
| Short | Extended COIN_24_5-USD | 199.13 | 0 | get 0.0000% / 1h | 56m 14s | $119K | $705K | 10x |
BloFin COIN-USDT
Extended COIN_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against BloFin. 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
- −$25.2
- Price spread: −0.158% → −0.030%
- −$12.79
- Slippage, 4 orders
- −$15.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$70.53
- Costs to cover
- 0.325%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 9 min ago; Extended: live order book, 12 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 BloFin live order book, 9 min ago | 0.50 bp | 8.9 bp −$9 | 15.6 bp −$156 | 36.6 bp −$3,657 | doesn't fit |
| Sell Extended live order book, 12 min ago | 0.25 bp | 7.9 bp −$8 | 73.5 bp −$735 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 199.60 | +0.080% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 199.60 | +0.080% | $366K | $840K | 20x | as long as short |
| Extended COIN_24_5-USDshort | 0.0000% | 1h | 199.13 | −0.158% | $119K | $705K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 199.14 | −0.151% | $15.5M | $75.5M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 199.12 | −0.160% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 199.09 | −0.175% | $3.2M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 199.35 | −0.045% | $1.3M | $6.7M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 199.23 | −0.105% | $6.8M | $9.2M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 199.07 | −0.183% | $827K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 200.08 | +0.320% | $16K | $2.0M | 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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0028% | 1h | 199.19 | −0.125% | $1.4M | $3.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 199.10 | −0.170% | $426K | $1.4M | 10x | as long as short |
| Lighter COIN | +0.0040% | 1h | 199.06 | −0.192% | $396K | $2.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 199.92 | +0.241% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.94 | −0.251% | — | $286K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 199.10 | −0.170% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 199.10 | −0.170% | $104 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 199.87 | +0.216% | $353K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 199.44 | 0.000% | $1.0M | $120K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 199.88 | +0.221% | $90K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 199.29 | −0.075% | $576 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 199.05 | −0.194% | $117 | — | 10x | as long as short |
| BloFin COIN-USDTlong | +0.0120% | 8h | 199.44 | long leg | $197K | $375K | 20x | |
| tradeXYZ xyz:COIN | +0.0190% | 1h | 199.08 | −0.181% | $16.4M | $13.1M | 10x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 200.30 | +0.431% | $5K | $250K | 10x | as long as short |
| edgeX COINUSDC | +0.0986% | 4h | 200.01 | +0.285% | $52K | $296K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Lighter COIN
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
tradeXYZ xyz:COIN
Phoenix COIN
edgeX COINUSDC