Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h +0.161%
Price spread now: edgeX against Phoenix+0.009%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 7 days+0.419%+$42 on $10k
+Price spread, last 3 days (all we have)+0.068%+$7 · spread now +0.009%, 7d avg −0.014%
=Together, before fees+0.487%+ Points / potential airdropedgeX: Active · farm board+$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.023% dearer against Phoenix than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.014%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 7 days funding on this pair paid +0.419%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix COIN | 201.82 | 0.0237 | pay 0.0030% / 1h | 21m 52s | $5K | $279K | 10x |
| Short | edgeX COINUSDC | 201.84 | 0.0117 | get 0.0059% / 4h | 3h 21m | $52K | $293K | 10x |
Phoenix COIN
edgeX COINUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phoenix. 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
- −$25.18
- Price spread: +0.009% → −0.014%
- $2.31
- Slippage, 4 orders
- −$28.62
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$67.49
- Costs to cover
- 0.446%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 46 min ago; edgeX: live order book, 51 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 Phoenix live order book, 46 min ago | 3.46 bp | 12.0 bp −$12 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 51 min ago | 5.45 bp | 10.3 bp −$10 | 16.2 bp −$162 | 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 | 201.70 | −0.059% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.65 | −0.083% | $369K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.49 | −0.161% | $120K | $772K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.54 | −0.139% | $15.7M | $75.0M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.57 | −0.124% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.58 | −0.119% | $3.3M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.59 | −0.114% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.64 | −0.089% | $6.8M | $9.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.85 | +0.016% | $839K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.83 | +0.005% | $20K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
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 | +0.0021% | 1h | 201.49 | −0.164% | $1.4M | $3.8M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.50 | −0.159% | $434K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.80 | −0.010% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.38 | −0.218% | — | $286K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.47 | −0.173% | $16.5M | $12.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.38 | −0.218% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.50 | −0.159% | $94 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.36 | −0.228% | $358K | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0080% | 1h | 201.51 | −0.154% | $375K | $1.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.70 | −0.059% | $1.0M | $120K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.75 | −0.035% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.59 | −0.114% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.52 | −0.150% | $119 | — | 10x | as long as short |
| edgeX COINUSDCshort | +0.0117% | 4h | 201.84 | +0.009% | $52K | $293K | 10x | |
| BloFin COIN-USDT | +0.0120% | 8h | 201.70 | −0.059% | $199K | $338K | 20x | as long as short |
| Phoenix COINlong | +0.0237% | 1h | 201.82 | long leg | $5K | $279K | 10x |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT