Funding you earn now, next payment 09:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.024%
Price spread now: Extended against Bybit−0.032%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.032%, 7d avg −0.047%
=Together, before fees−0.154%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 195.44 | 0 | get 0.0000% / 8h | 7h 37m | $4.7M | $6.1M | 50x |
| Short | Extended COIN_24_5-USD | 195.38 | 0.0040 | get 0.0005% / 1h | 37m 04s | $104K | $861K | 10x |
Bybit COINUSDT
Extended COIN_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $8.4
- Price spread: −0.032% → −0.047%
- $1.55
- Slippage, 4 orders
- −$29.3
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$35.35
- Costs to cover
- 0.453%
- Break-even
- 36.5 days
Slippage from Bybit: live order book, 1 min ago; Extended: live order book, 61 min ago.
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, 1 min ago | 4.09 bp | 13.0 bp −$13 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell Extended live order book, 61 min ago | 1.02 bp | 9.0 bp −$9 | 56.2 bp −$562 | doesn't fit | doesn't fit |
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 | 194.87 | −0.292% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0136% | 8h | 195.50 | +0.031% | $6.3M | $10.3M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0060% | 1h | 194.92 | −0.266% | — | $324K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.54 | +0.051% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 195.44 | long leg | $4.7M | $6.1M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.42 | −0.010% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.48 | +0.020% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.44 | +0.001% | $659K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.57 | +0.067% | $19K | $3.0M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 195.38 | −0.032% | $360K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH COIN | +0.0032% | 1h | 195.36 | −0.041% | $467K | $1.3M | 10x | as long as short |
| Binance COINUSDT | +0.0038% | 8h | 195.41 | −0.015% | $14.8M | $81.6M | 20x | as long as short |
| Extended COIN_24_5-USDshort | +0.0040% | 1h | 195.38 | −0.032% | $104K | $861K | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 195.66 | +0.113% | $17K | $57K | 5x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 195.38 | −0.031% | $1.3M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.28 | −0.082% | $15.1M | $12.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.29 | −0.077% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.37 | −0.036% | $79 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.25 | −0.097% | $430K | $2.5M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.37 | −0.036% | $984K | $181K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.45 | +0.005% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.39 | −0.026% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.39 | −0.026% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0150% | 8h | 195.40 | −0.020% | $187K | $473K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 195.41 | −0.015% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0462% | 4h | 195.55 | +0.055% | $50K | $294K | 10x | as long as short |
Lighter RH COIN
Binance COINUSDT
Arcus COIN-USD
QFEX COIN-USD
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