Funding you earn now, next payment 10:00 UTC−0.0871%/8h= −95.4% APRpaid last 24h −0.181%
Price spread now: Extended against edgeX−0.300%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$400.399% of the position
Funding, last 7 days−0.598%−$60 on $10k
+Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.300%, 7d avg −0.028%
=Together, before fees−0.371%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Extended is 0.272% cheaper against edgeX than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.598% in total (about -31.2% 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 | edgeX COINUSDC | 197.67 | 0.0887 | pay 0.0443% / 4h | 2h 55m | $51K | $293K | 10x |
| Short | Extended COIN_24_5-USD | 197.08 | 0.0016 | get 0.0002% / 1h | 55m 08s | $105K | $848K | 10x |
edgeX COINUSDC
Extended COIN_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against edgeX. 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
- −$182.86
- Price spread: −0.300% → −0.028%
- −$27.2
- Slippage, 4 orders
- −$25.9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$249.96
- Costs to cover
- 0.399%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 38 min ago; Extended: live order book, 38 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 edgeX live order book, 38 min ago | 5.90 bp | 10.7 bp −$11 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Extended live order book, 38 min ago | 1.03 bp | 9.1 bp −$9 | 49.8 bp −$498 | 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 | 197.18 | −0.249% | $17K | $224K | 30x | as long as short |
| Ondo Perps COIN-USD.P | −0.0165% | 1h | 196.95 | −0.366% | $380K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:COIN | −0.0059% | 1h | 196.95 | −0.366% | $14.8M | $12.4M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0017% | 1h | 197.11 | −0.285% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.42 | −0.129% | $344K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.19 | −0.244% | $4.6M | $5.7M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.07 | −0.305% | $3.1M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.16 | −0.260% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.06 | −0.310% | $6.4M | $10.0M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.57 | −0.054% | $670K | $831K | — | as long as short |
Injective COIN/USDC PERP
Ondo Perps COIN-USD.P
tradeXYZ xyz:COIN
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
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 | 197.88 | +0.105% | $15K | $3.0M | 10x | as long as short |
| Extended COIN_24_5-USDshort | +0.0016% | 1h | 197.08 | −0.300% | $105K | $848K | 10x | |
| Binance COINUSDT | +0.0016% | 8h | 197.09 | −0.294% | $14.6M | $79.2M | 20x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.11 | −0.285% | $349K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.10 | −0.290% | $471K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 196.96 | −0.361% | $1.3M | $2.7M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.20 | −0.239% | $17K | $37K | 5x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.03 | −0.325% | $137K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.01 | −0.335% | $80 | $3K | 10x | as long as short |
| BloFin COIN-USDT | +0.0072% | 8h | 197.12 | −0.280% | $189K | $487K | 20x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.32 | −0.179% | $931K | $230K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.85 | +0.089% | $89K | $280K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.28 | −0.199% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.07 | −0.308% | $116 | — | 10x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 197.73 | +0.029% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDClong | +0.0887% | 4h | 197.67 | long leg | $51K | $293K | 10x |
GRVT COIN_USDT_Perp
Binance COINUSDT
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
BloFin COIN-USDT
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN