Funding you earn now, next payment 02:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.078%
Price spread now: Phoenix against edgeX+0.044%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$490.489% of the position
Funding, last 7 days−0.338%−$34 on $10k
+Price spread, last 4 days (all we have)−0.288%−$29 · spread now +0.044%, 7d avg +0.013%
=Together, before fees−0.626%+ Points / potential airdropedgeX: Active · farm board−$63 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Phoenix is 0.031% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.338%, 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 | edgeX COINUSDC | 197.54 | 0.0149 | pay 0.0074% / 4h | 1h 00m | $51K | $295K | 10x |
| Short | Phoenix COIN | 197.63 | 0.0162 | get 0.0020% / 1h | 0m 32s | $5K | $281K | 10x |
edgeX COINUSDC
Phoenix COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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
- $2.74
- Price spread: +0.044% → +0.013%
- $3.07
- Slippage, 4 orders
- −$32.86
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$43.05
- Costs to cover
- 0.489%
- Break-even
- 117.1 days
Slippage from edgeX: live order book, 62 min ago; Phoenix: live order book, 57 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 edgeX live order book, 62 min ago | 5.56 bp | 10.6 bp −$11 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 57 min ago | 4.56 bp | 13.9 bp −$14 | 30.6 bp −$306 | 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 | −0.0638% | 8h | 197.75 | +0.104% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.56 | +0.008% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0194% | 8h | 197.66 | +0.059% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0084% | 1h | 197.22 | −0.164% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.76 | +0.108% | $349K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.58 | +0.020% | $117K | $691K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.62 | +0.037% | $15.0M | $78.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.49 | −0.027% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.61 | +0.034% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.61 | +0.036% | $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
Bybit 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 | 197.62 | +0.039% | $16K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.62 | +0.039% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.59 | +0.021% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.60 | +0.028% | $454K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.78 | +0.120% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.56 | +0.008% | $15.5M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.60 | +0.028% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.63 | +0.044% | $70 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.44 | −0.053% | $351K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.54 | −0.002% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.61 | +0.034% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.56 | +0.008% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.62 | +0.039% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.74 | +0.099% | $189K | $391K | 20x | as long as short |
| edgeX COINUSDClong | +0.0149% | 4h | 197.54 | long leg | $51K | $295K | 10x | |
| Phoenix COINshort | +0.0162% | 1h | 197.63 | +0.044% | $5K | $281K | 10x |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus 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