Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.034%
Price spread now: tradeXYZ against Bybit−0.071%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$550.552% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 7 days−0.032%−$3 · spread now −0.071%, 7d avg −0.073%
=Together, before fees+0.024%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 198.07 | 0 | get 0.0000% / 8h | 5h 21m | $4.9M | $5.9M | 50x |
| Short | tradeXYZ xyz:COIN | 197.93 | 0.0050 | get 0.0006% / 1h | 21m 18s | $15.6M | $13.4M | 10x |
Bybit COINUSDT
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.071% → −0.073%
- $0.23
- Slippage, 4 orders
- −$26.19
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$44.46
- Costs to cover
- 0.552%
- Break-even
- 36.6 days
Slippage from Bybit: live order book, 2 min ago; tradeXYZ: live order book, 6 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, 2 min ago | 2.52 bp | 15.9 bp −$16 | 43.5 bp −$435 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.25 bp | 11.8 bp −$12 | 14.4 bp −$144 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0723% | 8h | 198.08 | +0.005% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.88 | −0.096% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0201% | 8h | 198.10 | +0.015% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0091% | 1h | 197.58 | −0.247% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.17 | +0.051% | $350K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.93 | −0.071% | $117K | $696K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.98 | −0.045% | $15.0M | $78.5M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 198.07 | long leg | $4.9M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.04 | −0.015% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.67 | −0.200% | $685K | $1.0M | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.91 | −0.081% | $19K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 198.12 | +0.025% | $1.3M | $3.4M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.08 | +0.006% | $358K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.07 | 0.000% | $455K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.01 | −0.030% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 197.93 | −0.071% | $15.6M | $13.4M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.03 | −0.020% | $126K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.02 | −0.025% | $82 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.55 | −0.263% | $352K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.89 | −0.091% | $996K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.80 | −0.136% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.95 | −0.061% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.93 | −0.069% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.96 | −0.056% | $189K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.80 | −0.136% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0293% | 4h | 197.72 | −0.176% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
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