Funding you earn now, next payment 06:00 UTC−0.0480%/8h= −52.6% APRnext payment −$0.60 per $10,000 · paid last 24h −0.144%
Price spread now: Injective against Arcus−0.081%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$14 a day on $10k at the current rate, and Injective is 0.081% cheaper against Arcus than usual: you would sell low and buy high (−$8 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 | 196.59 | 0.0040 | pay 0.0005% / 1h | 47m 23s | $15K | $55K | 5x |
| Short | Injective COIN/USDC PERP | 196.43 | −0.0440 | pay 0.0055% / 1h | 47m 23s | $43K | $48K | 30x |
Arcus COIN-USD
Injective COIN/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$100.86
- Price spread: −0.081% → 0.000%
- −$8.14
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$113.52
- Costs to cover
- 0.045%
- Break-even
- never at this rate
Slippage unknown: Arcus: no order-book sample; Injective: 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 Arcus no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Arcus and Injective: 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 26 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 | −0.0721% | 8h | 196.59 | 0.000% | $6.3M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERPshort | −0.0440% | 1h | 196.43 | −0.081% | $43K | $48K | 30x | |
| Gate COIN_USDT | −0.0217% | 8h | 196.54 | −0.025% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0114% | 1h | 195.84 | −0.382% | — | $281K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.34 | −0.127% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.46 | −0.068% | $114K | $857K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.49 | −0.051% | $14.7M | $80.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.49 | −0.051% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.48 | −0.056% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.56 | −0.015% | $703K | $955K | — | as long as short |
Bitget COINUSDT
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 196.57 | −0.010% | $23K | $2.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.47 | −0.061% | $383K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.43 | −0.081% | $453K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.51 | −0.041% | $1.3M | $3.1M | 10x | as long as short |
| Arcus COIN-USDlong | +0.0040% | 1h | 196.59 | long leg | $15K | $55K | 5x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.35 | −0.122% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.40 | −0.097% | $132K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.57 | −0.010% | $72 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.43 | −0.081% | $351K | $2.7M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 196.43 | −0.081% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.27 | −0.163% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.44 | −0.076% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.41 | −0.092% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.42 | −0.087% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.58 | −0.005% | $188K | $393K | 20x | as long as short |
| edgeX COINUSDC | +0.0708% | 4h | 196.51 | −0.039% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC