Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0793%/8h= +86.8% APRpaid last 24h +0.019%

Price spread now: SoDEX against Bitget−0.086%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. SoDEX is 0.086% cheaper against Bitget than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 9 hours of funding at the current rate (+$24 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COINUSDT	197.03	−0.0743	get 0.0743% / 8h	4h 37m	$6.2M	$10.3M	20x
Short	SoDEX COIN-USD	196.86	0.0050	get 0.0006% / 1h	37m 13s	$59	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee SoDEXbpOrdersPrice spread, now −0.086%Rate

Funding earned: $166.53
Price spread: −0.086% → 0.000%: −$8.63
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $137.9
Costs to cover: 0.200%
Break-even: 1.2 days

Slippage unknown: Bitget: live order book, 1 min ago; SoDEX: 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 Bitget live order book, 1 min ago	2.28 bp	12.0 bp −$12	21.6 bp −$216	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 COINUSDTlong	−0.0743%	8h	197.03	long leg	$6.2M	$10.3M	20x
Injective COIN/USDC PERP	−0.0440%	1h	196.96	−0.036%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0211%	8h	196.92	−0.056%	$1.2M	$7.1M	50x	as long as short
Vest COIN-USD-PERP	−0.0086%	1h	196.41	−0.315%	—	$277K	25x	as long as short
Aster COINUSDT	0.0000%	8h	197.20	+0.084%	$345K	$885K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.83	−0.101%	$119K	$694K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.89	−0.071%	$15.0M	$78.9M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.80	−0.117%	$4.8M	$5.9M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.82	−0.107%	$3.0M	$4.6M	20x	as long as short
Variational Omni COIN	0.0000%	8h	197.11	+0.040%	$683K	$938K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	197.13	+0.053%	$17K	$2.2M	10x	as long as short
QFEX COIN-USD	+0.0013%	1h	197.05	+0.010%	$1.3M	$3.3M	10x	as long as short
Lighter COIN	+0.0032%	1h	196.76	−0.138%	$350K	$2.0M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.74	−0.147%	$450K	$1.4M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	197.18	+0.076%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.75	−0.142%	$15.4M	$13.4M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.84	−0.096%	$126K	$1.2M	10x	as long as short
SoDEX COIN-USDshort	+0.0050%	1h	196.86	−0.086%	$59	$3K	10x
Ondo Perps COIN-USD.P	+0.0050%	1h	196.85	−0.091%	$348K	$2.8M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.94	−0.046%	$992K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.91	−0.061%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.87	−0.081%	$569	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.80	−0.118%	$116	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.98	−0.025%	$188K	$391K	20x	as long as short
Phoenix COIN	+0.0121%	1h	197.00	−0.015%	$4K	$281K	10x	as long as short
edgeX COINUSDC	+0.0267%	4h	197.13	+0.050%	$51K	$294K	10x	as long as short