Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.002%
Price spread now: Bybit against Arcus−0.051%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.051% cheaper against Arcus than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus COIN-USD | 197.80 | 0.0040 | pay 0.0005% / 1h | 15m 05s | $16K | $53K | 5x |
| Short | Bybit COINUSDT | 197.70 | 0 | get 0.0000% / 8h | 6h 15m | $4.9M | $5.9M | 50x |
Arcus COIN-USD
Bybit COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$8.46
- Price spread: −0.051% → 0.000%
- −$5.06
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$29.01
- Costs to cover
- 0.155%
- Break-even
- never at this rate
Slippage unknown: Arcus: no order-book sample; Bybit: live order book, 3 min ago. 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 Arcus no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 2.28 bp | 9.5 bp −$9 | 33.6 bp −$336 | 153.6 bp −$15.4K | doesn't fit |
Arcus: 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.
COIN on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0570% | 8h | 197.82 | +0.010% | $6.5M | $10.1M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.66 | −0.071% | $44K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0050% | 1h | 197.30 | −0.253% | — | $290K | 25x | as long as short |
| Gate COIN_USDT | −0.0033% | 8h | 197.72 | −0.040% | $1.2M | $7.0M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.95 | +0.074% | $366K | $856K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.64 | −0.079% | $117K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.69 | −0.056% | $14.8M | $77.8M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 197.70 | −0.051% | $4.9M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.69 | −0.056% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.68 | −0.061% | $819K | $921K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.57 | −0.116% | $14K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 197.70 | −0.051% | $1.3M | $3.6M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.68 | −0.061% | $378K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.68 | −0.061% | $437K | $1.5M | 10x | as long as short |
| Arcus COIN-USDlong | +0.0040% | 1h | 197.80 | long leg | $16K | $53K | 5x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.69 | −0.056% | $15.8M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.62 | −0.091% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.65 | −0.076% | $98 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.51 | −0.147% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.71 | −0.046% | $996K | $144K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.60 | −0.101% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.67 | −0.066% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.67 | −0.066% | $117 | — | 10x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 197.75 | −0.025% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0503% | 4h | 197.53 | −0.137% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC