Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.059%
Price spread now: Phoenix against Arcus+0.101%109s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.101% dearer against Arcus than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus COIN-USD | 197.89 | 0.0040 | pay 0.0005% / 1h | 39m 38s | $16K | $53K | 5x |
| Short | Phoenix COIN | 198.09 | 0.0160 | get 0.0020% / 1h | 39m 38s | $5K | $251K | 10x |
Arcus COIN-USD
Phoenix COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $25.13
- Price spread: +0.101% → 0.000%
- $10.11
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $23.74
- Costs to cover
- 0.115%
- Break-even
- 0.4 days
Slippage unknown: Arcus: no order-book sample; Phoenix: live order book, 23 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 Phoenix live order book, 23 min ago | 2.99 bp | 10.9 bp −$11 | 22.9 bp −$229 | doesn't fit | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.98 | +0.045% | $44K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0104% | 8h | 197.47 | −0.212% | $6.5M | $10.3M | 20x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.19 | −0.352% | $361K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.09 | −0.402% | $117K | $703K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.33 | −0.284% | $15.0M | $77.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.25 | −0.323% | $4.9M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.40 | −0.248% | $3.1M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.19 | −0.354% | $1.3M | $6.9M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.93 | +0.022% | $820K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.22 | +0.167% | $14K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest COIN-USD-PERP | +0.0012% | 1h | 196.87 | −0.515% | — | $289K | 25x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 197.31 | −0.293% | $1.3M | $3.7M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.10 | −0.400% | $385K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.08 | −0.409% | $427K | $1.5M | 10x | as long as short |
| Arcus COIN-USDlong | +0.0040% | 1h | 197.89 | long leg | $16K | $53K | 5x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.10 | −0.399% | $15.9M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.00 | −0.450% | $128K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.24 | −0.328% | $96 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.01 | −0.445% | $349K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.09 | −0.404% | $979K | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.23 | +0.172% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.99 | −0.455% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.90 | −0.502% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.02 | +0.571% | $198K | $377K | 20x | as long as short |
| Phoenix COINshort | +0.0160% | 1h | 198.09 | +0.101% | $5K | $251K | 10x | |
| edgeX COINUSDC | +0.0362% | 4h | 198.51 | +0.315% | $51K | $293K | 10x | as long as short |
Vest COIN-USD-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
BloFin COIN-USDT
edgeX COINUSDC