Funding you earn now, next payment 04:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h −0.005%
Price spread now: tradeXYZ against BloFin−0.096%108s7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as 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−$420.419% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.482%+$48 · spread now −0.096%, 7d avg −0.023%
=Together, before fees+0.390%+ Points / potential airdroptradeXYZ: Active · farm board+$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and tradeXYZ is 0.073% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.023%). Swap the legs. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COIN-USDT | 197.74 | 0.0120 | pay 0.0120% / 8h | 4h 59m | $189K | $391K | 20x |
| Short | tradeXYZ xyz:COIN | 197.55 | −0.0072 | pay 0.0009% / 1h | 59m 17s | $15.5M | $13.5M | 10x |
BloFin COIN-USDT
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$40.25
- Price spread: −0.096% → −0.023%
- −$7.29
- Slippage, 4 orders
- −$11.86
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$89.4
- Costs to cover
- 0.419%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 41 min ago; tradeXYZ: live order book, 10 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, 41 min ago | 0.25 bp | 9.3 bp −$9 | 14.3 bp −$143 | 40.9 bp −$4,090 | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.76 bp | 11.8 bp −$12 | 15.7 bp −$157 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0639% | 8h | 197.73 | −0.005% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.55 | −0.096% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0192% | 8h | 197.61 | −0.066% | $1.2M | $7.0M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0084% | 1h | 197.16 | −0.293% | — | $284K | 25x | as long as short |
| tradeXYZ xyz:COINshort | −0.0072% | 1h | 197.55 | −0.096% | $15.5M | $13.5M | 10x | |
| Polymarket Perps COIN-USD | −0.0070% | 1h | 197.50 | −0.121% | $127K | $1.2M | 10x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.74 | 0.000% | $349K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.55 | −0.096% | $117K | $691K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.59 | −0.076% | $15.0M | $78.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.61 | −0.066% | $4.9M | $5.9M | 50x | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.62 | −0.061% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.61 | −0.063% | $685K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.69 | −0.027% | $18K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.62 | −0.061% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.56 | −0.093% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.51 | −0.116% | $454K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.76 | +0.010% | $15K | $55K | 5x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.54 | −0.101% | $70 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.44 | −0.152% | $351K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.56 | −0.091% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.56 | −0.091% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.53 | −0.106% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.60 | −0.072% | $117 | — | 10x | as long as short |
| BloFin COIN-USDTlong | +0.0120% | 8h | 197.74 | long leg | $189K | $391K | 20x | |
| Phoenix COIN | +0.0162% | 1h | 197.62 | −0.061% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0208% | 4h | 197.66 | −0.041% | $51K | $296K | 10x | as long as short |
OKX COIN-USDT-SWAP
Variational Omni COIN
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC