data as of
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Price arb /

COIN

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$71
spread now−0.250%7d average+0.013%fees + slippage, in and out−$44spread needed0.443%
Long on AsterShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster COINUSDT203.850get 0.0000% / 8h6h 10m$373K$830K20x
ShortPhoenix COIN203.340.0157get 0.0020% / 1h10m 16s$3K$238K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$25.02
Funding while held
$4.72
Slippage, 4 orders
−$29.27
Fee Aster: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$64.56
Spread needed to break even
0.443%
Slippage from Aster: live order book, 29 min ago; Phoenix: live order book, 27 min ago.

Cost of waiting

funding view
Funding /8h
+0.0157%
Per $10,000 a day
+$4.72
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 29 min ago3.46 bp13.2 bp −$13143.4 bp −$1,434doesn't fitdoesn't fit
Sell Phoenix live order book, 27 min ago2.97 bp10.6 bp −$1122.1 bp −$221doesn't fitdoesn't fit

COIN price on every exchange

against the cheapest. Click to use as the short leg.
Injective202.94cheapestApeX Omni202.99+0.025%edgeX203.09+0.076%
Phoenix203.34+0.197%
Ondo Perps203.44+0.246%OKX203.58+0.315%Arcus203.64+0.345%Vest203.67+0.360%Bybit203.76+0.404%Polymarket Perps203.77+0.409%tradeXYZ203.78+0.414%QFEX203.78+0.414%Gate203.78+0.414%BloFin203.78+0.414%Lighter203.78+0.416%KuCoin203.79+0.419%Lighter RH203.80+0.424%SoDEX203.80+0.424%Binance203.80+0.424%Variational Omni203.80+0.425%Extended203.81+0.429%Aevo203.83+0.438%Orderly203.83+0.439%
Aster203.85+0.448%
Bitget203.86+0.453%

COIN on 25 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective COIN/USDC PERP−0.446%−0.0440%1h$40K$105K30xas long as short
ApeX Omni COINUSDT−0.422%+0.0100%1h$91K$634K50xas long as short
edgeX COINUSDC−0.371%+0.0364%4h$53K$292K10xas long as short
Phoenix COINshort−0.250%+0.0157%1h$3K$238K10x
Ondo Perps COIN-USD.P−0.201%+0.0050%1h$359K$3.1M10xas long as short
OKX COIN-USDT-SWAP−0.132%0.0000%8h$3.3M$4.6M20xas long as short
Arcus COIN-USD−0.103%+0.0040%1h$19K$42K5xas long as short
Vest COIN-USD-PERP−0.088%+0.0031%1h—$456K25xas long as short
Bybit COINUSDT−0.044%0.0000%8h$5.0M$5.6M50xas long as short
Polymarket Perps COIN-USD−0.039%+0.0050%1h$133K$1.1M10xas long as short
Show all 25 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
tradeXYZ xyz:COIN−0.034%+0.0050%1h$16.4M$13.3M10xas long as short
QFEX COIN-USD−0.034%+0.0039%1h$1.4M$3.5M10xas long as short
Gate COIN_USDT−0.034%0.0000%8h$1.3M$6.3M50xas long as short
BloFin COIN-USDT−0.034%+0.0120%8h$205K$313K20xas long as short
Lighter COIN−0.032%+0.0032%1h$397K$2.2M10xas long as short
KuCoin COINUSDTM−0.029%+0.0100%8h$1.1M$145K20xas long as short
Lighter RH COIN−0.025%+0.0032%1h$450K$1.9M10xas long as short
SoDEX COIN-USD−0.025%+0.0050%1h$88$3K10xas long as short
Binance COINUSDT−0.024%0.0000%8h$15.7M$71.1M20xas long as short
Variational Omni COIN−0.023%0.0000%8h$874K$916K—as long as short
Extended COIN_24_5-USD−0.020%0.0000%1h$101K$429K10xas long as short
Aevo COIN-PERP−0.010%+0.0104%1h$120—10xas long as short
Orderly PERP_COIN_USDC_mythos−0.010%+0.0100%8h$589$5K10xas long as short
Aster COINUSDTlong0.000%0.0000%8h$373K$830K20x
Bitget COINUSDT+0.005%+0.0047%8h$6.8M$9.1M20xas long as short