Funding you earn now, next payment 06:00 UTC−0.0771%/8h= −84.5% APRpaid last 24h −0.014%
Price spread now: Bitget against Ondo Perps+0.081%7-day average +0.103% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now +0.081%, 7d avg +0.103%
=Together, before fees−0.029%+ Points / potential airdropOndo Perps: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bitget is 0.022% cheaper against Ondo Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.103%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps COIN-USD.P | 196.43 | 0.0050 | pay 0.0006% / 1h | 47m 23s | $351K | $2.7M | 10x |
| Short | Bitget COINUSDT | 196.59 | −0.0721 | pay 0.0721% / 8h | 2h 47m | $6.3M | $10.5M | 20x |
Ondo Perps COIN-USD.P
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Ondo Perps. 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
- −$161.99
- Price spread: +0.081% → +0.103%
- −$2.17
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$181.17
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 1 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 1 min ago | 2.29 bp | 10.4 bp −$10 | 18.6 bp −$186 | 90.2 bp −$9,015 | doesn't fit |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDTshort | −0.0721% | 8h | 196.59 | +0.081% | $6.3M | $10.5M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.43 | 0.000% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0217% | 8h | 196.54 | +0.056% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0114% | 1h | 195.84 | −0.300% | — | $281K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.34 | −0.045% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.46 | +0.013% | $114K | $857K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.49 | +0.030% | $14.7M | $80.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.49 | +0.031% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.48 | +0.025% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.56 | +0.066% | $703K | $955K | — | as long as short |
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 | 196.57 | +0.071% | $23K | $2.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.47 | +0.021% | $383K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.43 | 0.000% | $453K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.51 | +0.041% | $1.3M | $3.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.59 | +0.081% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.35 | −0.041% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.40 | −0.015% | $132K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.57 | +0.071% | $72 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.Plong | +0.0050% | 1h | 196.43 | long leg | $351K | $2.7M | 10x | |
| Phoenix COIN | +0.0082% | 1h | 196.43 | 0.000% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.27 | −0.081% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.44 | +0.005% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.41 | −0.010% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.42 | −0.006% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.58 | +0.076% | $188K | $393K | 20x | as long as short |
| edgeX COINUSDC | +0.0708% | 4h | 196.51 | +0.042% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC