Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against tradeXYZ+0.206%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.206% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.206% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:COST	899.02	0.0050	pay 0.0006% / 1h	0m 05s	$1.8M	$516K	20x
Short	HTX COST-USDT	900.87	0	get 0.0000% / 8h	5h 00m	$10K	$42K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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

Position, each leg$Hold fordaysFee tradeXYZbpFee HTXbpOrdersPrice spread, now +0.206%Rate

Funding earned: −$10.5
Price spread: +0.206% → 0.000%: $20.58
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.92
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 min ago; HTX: no order-book sample. Net counts fees only.

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 tradeXYZ live order book, 8 min ago	1.17 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COST on 15 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
Aster COSTUSDT	0.0000%	8h	899.46	+0.049%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.17	+0.017%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.95	+0.103%	$447K	$109K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.58	+0.062%	$521K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.25	+0.026%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	899.52	+0.056%	$42K	$16K	—	as long as short
SunX COST-USDT	0.0000%	8h	899.30	+0.031%	$1K	$2.9M	10x	as long as short
HTX COST-USDTshort	0.0000%	8h	900.87	+0.206%	$10K	$42K	10x
QFEX COST-USD	+0.0005%	1h	899.42	+0.044%	$1.1M	$2.8M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.783%	$2K	$28K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	898.25	−0.086%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.83	−0.021%	—	—	25x	as long as short
tradeXYZ xyz:COSTlong	+0.0050%	1h	899.02	long leg	$1.8M	$516K	20x
Binance COSTUSDT	+0.0073%	8h	899.65	+0.070%	$1.1M	$925K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.70	−0.036%	$48K	$876K	20x	as long as short