Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.023%
Price spread now: tradeXYZ against Arcus−0.007%7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 4 days (all we have)+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.007%, 7d avg +0.063%
=Together, before fees−0.004%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.070% cheaper against Arcus than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.063%). If the spread goes back, that is −$7 on $10k: about 24 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.040% in total) that is about 6.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BE-USD | 271.07 | 0.0040 | pay 0.0005% / 1h | 32m 24s | $113K | $96K | 10x |
| Short | tradeXYZ xyz:BE | 271.05 | 0.0050 | get 0.0006% / 1h | 32m 24s | $5.9M | $2.8M | 10x |
Arcus BE-USD
tradeXYZ xyz:BEFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Arcus. 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
- $2.04
- Price spread: −0.007% → +0.063%
- −$7.03
- Slippage, 4 orders
- −$25.31
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$52.79
- Costs to cover
- 0.478%
- Break-even
- 188.0 days
Slippage from Arcus: live order book, 6 min ago; tradeXYZ: live order book, 6 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 Arcus live order book, 6 min ago | 4.06 bp | 14.5 bp −$14 | 22.5 bp −$225 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 1.11 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BE_USDT | −0.0423% | 8h | 271.00 | −0.026% | $1.4M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | −0.0067% | 8h | 271.20 | +0.048% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 271.09 | +0.007% | $343K | $128K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 271.17 | +0.037% | $46K | $381K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 271.19 | +0.044% | $8.2M | $37.0M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 271.19 | +0.044% | $2.6M | $6.9M | 25x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 271.27 | +0.073% | $7K | $155K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 271.27 | +0.074% | $1K | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 271.34 | +0.100% | $13K | $35K | 20x | as long as short |
| QFEX BE-USD | +0.0017% | 1h | 271.01 | −0.022% | $1.3M | $2.2M | 10x | as long as short |
Gate BE_USDT
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
QFEX BE-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 271.00 | −0.026% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 271.13 | +0.022% | $241K | $305K | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0032% | 1h | 270.59 | −0.177% | $473K | $114K | 10x | as long as short |
| Arcus BE-USDlong | +0.0040% | 1h | 271.07 | long leg | $113K | $96K | 10x | |
| Vest BE-USD-PERP | +0.0046% | 1h | 270.99 | −0.030% | — | — | 10x | as long as short |
| tradeXYZ xyz:BEshort | +0.0050% | 1h | 271.05 | −0.007% | $5.9M | $2.8M | 10x | |
| Bybit BEUSDT | +0.0066% | 8h | 271.10 | +0.011% | $2.0M | $1.1M | 25x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 271.05 | −0.007% | $366K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 271.21 | +0.051% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 271.39 | +0.118% | $45K | $145K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0488% | 1h | 271.23 | +0.059% | $6K | $4K | 10x | as long as short |
Lighter BE
Lighter RH BE
Coinbase International BE-PERP-INTX
Vest BE-USD-PERP
Bybit BEUSDT
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL