Spread before costs (cost unknown: a leg has no order-book sample)+0.182%
7d average—if it closes, per $10,000$18funding while held, a day−$0.42
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix COIN | 202.89 | 0.0118 | pay 0.0015% / 1h | 38m 56s | $2K | $225K | 10x |
| Short | Aevo COIN-PERP | 203.26 | 0.0104 | get 0.0013% / 1h | 38m 56s | $120 | — | 10x |
Phoenix COIN
Aevo COIN-PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $18.22
- Funding while held
- −$0.42
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$5.2
- Spread needed to break even
- 0.230%
Slippage unknown: Phoenix: live order book, 3 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0014%
- Per $10,000 a day
- −$0.42
- Average in range /8h
- —
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 Phoenix live order book, 3 min ago | 2.95 bp | 10.5 bp −$11 | 22.2 bp −$222 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 price on every exchange
against the cheapest. Click to use as the short leg.Phoenix202.89cheapest
Vest202.92+0.015%Ondo Perps202.96+0.035%Arcus203.18+0.143%Polymarket Perps203.18+0.143%Aster203.19+0.147%ApeX Omni203.22+0.163%tradeXYZ203.23+0.168%Extended203.24+0.171%OKX203.24+0.173%Variational Omni203.25+0.176%Gate203.25+0.177%
Vest
Ondo Perps
Arcus
Polymarket Perps
Aster
ApeX Omni
tradeXYZ
Extended
OKX
Variational Omni
GateAevo203.26+0.182%
Lighter RH203.26+0.182%Binance203.26+0.182%Lighter203.27+0.186%KuCoin203.27+0.187%Orderly203.27+0.187%Injective203.27+0.187%SoDEX203.27+0.187%QFEX203.28+0.192%Bybit203.30+0.202%Bitget203.31+0.207%edgeX203.37+0.238%BloFin203.38+0.242%
Lighter RH
Binance
Lighter
KuCoin
Orderly
Injective
SoDEX
QFEX
Bybit
Bitget
BloFinCOIN on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix COINlong | 0.000% | +0.0118% | 1h | $2K | $225K | 10x | |
| Vest COIN-USD-PERP | +0.015% | +0.0039% | 1h | — | $444K | 25x | as long as short |
| Ondo Perps COIN-USD.P | +0.035% | +0.0050% | 1h | $366K | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.143% | +0.0040% | 1h | $16K | $38K | 5x | as long as short |
| Polymarket Perps COIN-USD | +0.143% | +0.0050% | 1h | $135K | $1.1M | 10x | as long as short |
| Aster COINUSDT | +0.147% | 0.0000% | 8h | $372K | $814K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.163% | +0.0100% | 1h | $166K | $588K | 50x | as long as short |
| tradeXYZ xyz:COIN | +0.168% | +0.0050% | 1h | $16.5M | $13.3M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.171% | 0.0000% | 1h | $100K | $429K | 10x | as long as short |
| OKX COIN-USDT-SWAP | +0.173% | 0.0000% | 8h | $3.4M | $4.7M | 20x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni COIN | +0.176% | 0.0000% | 8h | $861K | $912K | — | as long as short |
| Gate COIN_USDT | +0.177% | 0.0000% | 8h | $1.5M | $5.7M | 50x | as long as short |
| Aevo COIN-PERPshort | +0.182% | +0.0104% | 1h | $120 | — | 10x | |
| Lighter RH COIN | +0.182% | +0.0032% | 1h | $459K | $1.9M | 10x | as long as short |
| Binance COINUSDT | +0.182% | 0.0000% | 8h | $15.7M | $67.4M | 20x | as long as short |
| Lighter COIN | +0.186% | +0.0032% | 1h | $404K | $2.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.187% | +0.0100% | 8h | $1.1M | $140K | 20x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.187% | +0.0100% | 8h | $588 | $5K | 10x | as long as short |
| Injective COIN/USDC PERP | +0.187% | −0.0440% | 1h | $40K | $107K | 30x | as long as short |
| SoDEX COIN-USD | +0.187% | +0.0050% | 1h | $115 | $3K | 10x | as long as short |
| QFEX COIN-USD | +0.192% | +0.0036% | 1h | $1.6M | $3.3M | 10x | as long as short |
| Bybit COINUSDT | +0.202% | 0.0000% | 8h | $5.2M | $5.3M | 50x | as long as short |
| Bitget COINUSDT | +0.207% | +0.0025% | 8h | $6.8M | $8.7M | 20x | as long as short |
| edgeX COINUSDC | +0.238% | +0.0558% | 4h | $53K | $289K | 10x | as long as short |
| BloFin COIN-USDT | +0.242% | +0.0120% | 8h | $206K | $303K | 20x | as long as short |