Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.009%
Price spread now: Coinbase International against StandX+0.145%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.145%, 7d avg +0.053%
=Together, before fees−0.323%+ Points / potential airdropStandX: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.092% dearer against StandX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | StandX BTC-USD | 85,340.2 | 0.0100 | pay 0.0013% / 1h | 27m 23s | $30.1M | $218.2M | 40x |
| Short | Coinbase International BTC-PERP-INTX | 85,464 | 0.0112 | get 0.0014% / 1h | 27m 23s | $111.8M | $5.38B | 50x |
StandX BTC-USD
Coinbase International BTC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against StandX. 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
- $2.52
- Price spread: +0.145% → +0.053%
- $9.22
- Slippage, 4 orders
- −$2.6
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$8.86
- Costs to cover
- 0.206%
- Break-even
- 31.6 days
Slippage from StandX: live order book, 2 min ago; Coinbase International: live order book, 2 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 StandX live order book, 2 min ago | 0.53 bp | 4.6 bp −$5 | 5.9 bp −$59 | 7.1 bp −$709 | 8.6 bp −$4,286 |
| Sell Coinbase International live order book, 2 min ago | 0.01 bp | 5.5 bp −$6 | 5.8 bp −$58 | 7.1 bp −$707 | 14.3 bp −$7,144 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.1041% | 1h | 85,454.6 | +0.134% | $194K | $796K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,380 | +0.047% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,366.3 | +0.031% | $423.8M | $673.2M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,430 | +0.105% | $307K | $25.4M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,419.4 | +0.093% | $353K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,332.1 | −0.010% | $36.5M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0019% | 8h | 85,408.7 | +0.080% | $939.9M | $768.4M | 125x | as long as short |
| Aster BTCUSDT | +0.0033% | 8h | 85,422.1 | +0.096% | $502.9M | $1.08B | 200x | as long as short |
| dYdX BTC-USD | +0.0058% | 1h | 85,382.8 | +0.050% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,435 | +0.111% | $186.0M | $927.3M | 100x | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | +0.0075% | 1h | 85,395 | +0.064% | $2.3M | $10.4M | 40x | as long as short |
| BingX BTC-USDC | +0.0080% | 8h | 85,401.8 | +0.072% | — | $17.4M | — | as long as short |
| Nado BTC-PERP | +0.0093% | 1h | 85,403 | +0.074% | $24.0M | $215.4M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,420.2 | +0.094% | $171.3M | $947.6M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,410.3 | +0.082% | $23.5M | $134.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,413 | +0.085% | $8.7M | $57.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,408 | +0.079% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,391 | +0.060% | $265K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,449.7 | +0.128% | $5.7M | $9.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,428.7 | +0.104% | $40.2M | $602.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,427.3 | +0.102% | $9.39B | $24.88B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,417.1 | +0.090% | $5.08B | $9.88B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,409.8 | +0.082% | $2.61B | $11.82B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,400 | +0.070% | $3.9M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,416.3 | +0.089% | $5.0M | $97.3M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,303.3 | −0.043% | $702.0M | $164.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,430.6 | +0.106% | $5.49B | $9.93B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,409.5 | +0.081% | $5.05B | $5.76B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,413.1 | +0.085% | $2.98B | $5.02B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,375.2 | +0.041% | $37.5M | $193.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,397.1 | +0.067% | $156.0M | $540.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,402.6 | +0.073% | $285.5M | $965.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,409.3 | +0.081% | $214.4M | $155.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,416.3 | +0.089% | $136.6M | $311.9M | 100x | as long as short |
| StandX BTC-USDlong | +0.0100% | 1h | 85,340.2 | long leg | $30.1M | $218.2M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 85,481.8 | +0.166% | — | $10.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,260 | −0.094% | $10.9M | $14.5M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,429.9 | +0.105% | $210K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,416.3 | +0.089% | $2.7M | $9.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,444.6 | +0.122% | $28.8M | $52.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,435.7 | +0.112% | $3.1M | $6.9M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,350 | +0.011% | $59.7M | $336.3M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,374.9 | +0.041% | $2.26B | $970.5M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,401.6 | +0.072% | $163.7M | $513.7M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,382.5 | +0.050% | $45.8M | $239.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,417.8 | +0.091% | — | $106.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTXshort | +0.0112% | 1h | 85,464 | +0.145% | $111.8M | $5.38B | 50x | |
| Reya BTCRUSDPERP | +0.0150% | 1h | 85,399.3 | +0.069% | $6.6M | $136.9M | 40x | as long as short |
| Hyperliquid BTC | +0.0152% | 1h | 85,495 | +0.181% | $3.83B | $5.15B | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0169% | 1h | 85,471.4 | +0.154% | $832.9M | $1.66B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,436.1 | +0.112% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0194% | 8h | 85,377 | +0.043% | $10.0M | $738.5M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,329 | −0.013% | $8.9M | $42.3M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0340% | 1h | 85,446.1 | +0.124% | $81K | $260K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0352% | 1h | 85,344.3 | +0.005% | $687K | $7.6M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,413.2 | +0.086% | $455K | $17.9M | 6.7x | as long as short |
Phoenix BTC
BingX BTC-USDC
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Hyperliquid BTC
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC