Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.003%
Price spread now: Coinbase International against tradeXYZ−0.183%7-day average −0.256% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$500.501% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.183%, 7d avg −0.256%
=Together, before fees+0.296%+ Points / potential airdroptradeXYZ: Active · farm board+$30 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 0.073% dearer against tradeXYZ than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.256%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BE | 273.83 | 0.0050 | pay 0.0006% / 1h | 38m 04s | $5.9M | $2.7M | 10x |
| Short | Coinbase International BE-PERP-INTX | 273.33 | 0.0064 | get 0.0008% / 1h | 38m 04s | $473K | $132K | 10x |
tradeXYZ xyz:BE
Coinbase International BE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against tradeXYZ. 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
- $2.94
- Price spread: −0.183% → −0.256%
- $7.34
- Slippage, 4 orders
- −$22.11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$39.83
- Costs to cover
- 0.501%
- Break-even
- 101.8 days
Slippage from tradeXYZ: live order book, 10 min ago; Coinbase International: live order book, 15 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 tradeXYZ live order book, 10 min ago | 0.18 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 15 min ago | 4.55 bp | 9.6 bp −$10 | 19.3 bp −$193 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 274.16 | +0.122% | $345K | $119K | 20x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 273.80 | −0.011% | $1.5M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 273.97 | +0.051% | $1.6M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 274.58 | +0.274% | $7K | $163K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.22 | +0.142% | $902 | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 274.45 | +0.226% | $13K | $35K | 20x | as long as short |
| Bybit BEUSDT | +0.0021% | 8h | 274.02 | +0.069% | $2.0M | $1.1M | 25x | as long as short |
| Extended BE-USD | +0.0024% | 1h | 273.92 | +0.034% | $46K | $260K | 10x | as long as short |
| Binance BEUSDT | +0.0025% | 8h | 273.92 | +0.033% | $8.4M | $36.6M | 25x | as long as short |
| Lighter BE | +0.0032% | 1h | 273.77 | −0.022% | — | — | 10x | as long as short |
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Bybit BEUSDT
Extended BE-USD
Binance BEUSDT
Lighter BEShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH BE | +0.0032% | 1h | 273.84 | +0.004% | $250K | $290K | 10x | as long as short |
| QFEX BE-USD | +0.0036% | 1h | 274.09 | +0.095% | $1.3M | $2.7M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 274.28 | +0.164% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.17 | +0.124% | — | — | 10x | as long as short |
| tradeXYZ xyz:BElong | +0.0050% | 1h | 273.83 | long leg | $5.9M | $2.7M | 10x | |
| Coinbase International BE-PERP-INTXshort | +0.0064% | 1h | 273.33 | −0.183% | $473K | $132K | 10x | |
| KuCoin BEUSDTM | +0.0100% | 8h | 273.93 | +0.037% | $370K | $19K | 20x | as long as short |
| BloFin BE-USDT | +0.0103% | 8h | 274.17 | +0.124% | $45K | $142K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 273.94 | +0.039% | — | — | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0124% | 8h | 274.10 | +0.099% | $2.7M | $6.8M | 25x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0334% | 1h | 273.96 | +0.047% | $7K | $4K | 10x | as long as short |
Lighter RH BE
QFEX BE-USD
Arcus BE-USD
Vest BE-USD-PERP
KuCoin BEUSDTM
BloFin BE-USDT
Aevo BE-PERP
OKX BE-USDT-SWAP
Deribit BE_USDC-PERPETUAL