Funding you earn now, next payment 02:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.002%
Price spread now: Arcus against Bybit+0.264%7-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 +$1 a day on $10k at the current rate, and Arcus is 0.264% dearer against Bybit than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 197.27 | 0 | get 0.0000% / 8h | 6h 38m | $4.9M | $6.0M | 50x |
| Short | Arcus COIN-USD | 197.79 | 0.0040 | get 0.0005% / 1h | 38m 19s | $16K | $53K | 5x |
Bybit COINUSDT
Arcus COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Bybit. 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: +0.264% → 0.000%
- $26.36
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $19.32
- Costs to cover
- 0.155%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 5 min ago; Arcus: 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 Bybit live order book, 5 min ago | 4.04 bp | 13.4 bp −$13 | 38.3 bp −$383 | doesn't fit | doesn't fit |
| Sell Arcus no order-book sample | — | — | — | — | — |
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 | 197.14 | −0.066% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0144% | 8h | 197.56 | +0.147% | $6.5M | $10.3M | 20x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.70 | +0.218% | $362K | $851K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.30 | +0.015% | $117K | $699K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.27 | +0.001% | $14.9M | $78.0M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 197.27 | long leg | $4.9M | $6.0M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.25 | −0.010% | $3.1M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.51 | +0.122% | $1.3M | $6.9M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.93 | +0.337% | $820K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.00 | +0.370% | $14K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance 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 | +0.0006% | 1h | 197.02 | −0.127% | — | $289K | 25x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 197.53 | +0.132% | $1.3M | $3.7M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.11 | −0.083% | $387K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.09 | −0.091% | $427K | $1.5M | 10x | as long as short |
| Arcus COIN-USDshort | +0.0040% | 1h | 197.79 | +0.264% | $16K | $53K | 5x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.51 | +0.122% | $15.9M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.49 | +0.112% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.23 | −0.020% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.01 | −0.132% | $349K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.52 | +0.127% | $981K | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.23 | +0.487% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.35 | +0.041% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.21 | −0.032% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.02 | +0.887% | $198K | $377K | 20x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 198.09 | +0.416% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0362% | 4h | 198.51 | +0.630% | $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
Phoenix COIN
edgeX COINUSDC