Funding you earn now, next payment 12:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h −0.014%
Price spread now: Vest against Extended−0.020%50s7-day average +0.127% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.020%, 7d avg +0.127%
=Together, before fees+0.034%+ Points / potential airdropExtended: Active · Vest: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Vest is 0.146% cheaper against Extended than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.127%). If the spread goes back, that is −$15 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.011% in total) that is about 47 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended COIN_24_5-USD | 198.85 | 0 | get 0.0000% / 1h | 55m 32s | $105K | $876K | 10x |
| Short | Vest COIN-USD-PERP | 198.81 | 0.0046 | get 0.0006% / 1h | 55m 32s | — | $277K | 25x |
Extended COIN_24_5-USD
Vest COIN-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Extended. 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
- $9.59
- Price spread: −0.020% → +0.127%
- −$14.64
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$12.05
- Costs to cover
- 0.070%
- Break-even
- 15.8 days
Slippage unknown: Extended: live order book, 50 min ago; Vest: 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 Extended live order book, 50 min ago | 1.01 bp | 8.8 bp −$9 | 80.4 bp −$804 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 exchanges
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 | 197.59 | −0.633% | $17K | $222K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.77 | −0.038% | $346K | $868K | 20x | as long as short |
| Extended COIN_24_5-USDlong | 0.0000% | 1h | 198.85 | long leg | $105K | $876K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 198.94 | +0.046% | $14.7M | $74.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.87 | +0.010% | $4.7M | $5.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.87 | +0.010% | $3.1M | $4.2M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.92 | +0.036% | $1.2M | $6.1M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.94 | +0.046% | $6.4M | $9.4M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.97 | +0.062% | $786K | $899K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 199.13 | +0.139% | $12K | $3.4M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 198.81 | −0.019% | $345K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.85 | 0.000% | $484K | $1.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0033% | 1h | 198.82 | −0.015% | $1.3M | $2.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 199.05 | +0.101% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERPshort | +0.0046% | 1h | 198.81 | −0.020% | — | $277K | 25x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.75 | −0.050% | $14.7M | $11.1M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.75 | −0.050% | $119K | $1.2M | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.89 | +0.020% | $324K | $2.1M | 10x | as long as short |
| edgeX COINUSDC | +0.0079% | 4h | 198.89 | +0.019% | $51K | $292K | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 198.77 | −0.040% | $5K | $268K | 10x | as long as short |
| SoDEX COIN-USD | +0.0082% | 1h | 198.93 | +0.041% | $88 | $3K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.79 | −0.030% | $938K | $257K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.73 | −0.060% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.81 | −0.020% | $575 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.93 | +0.038% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.09 | +0.121% | $195K | $482K | 20x | as long as short |
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
Ondo Perps COIN-USD.P
edgeX COINUSDC
Phoenix COIN
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT