data as of
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Price arb /

COIN

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$64
spread now−0.253%7d average+0.005%fees + slippage, in and out−$39spread needed0.386%
Long on PhoenixShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix COIN205.580.0235pay 0.0029% / 1h28m 21s$2K$162K10x
ShortBinance COINUSDT205.060.0131get 0.0131% / 8h1h 28m$16.2M$58.3M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$25.34
Funding while held
−$3.11
Slippage, 4 orders
−$21.64
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Binance: 5 bp × 2 orders
−$10
Net
−$67.09
Spread needed to break even
0.386%
Slippage from Phoenix: live order book, 23 min ago; Binance: live order book, 16 min ago.

Cost of waiting

funding view
Funding /8h
−0.0104%
Per $10,000 a day
−$3.11
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 23 min ago2.93 bp10.5 bp −$1022.2 bp −$222doesn't fitdoesn't fit
Sell Binance live order book, 16 min ago0.98 bp9.0 bp −$919.5 bp −$19557.6 bp −$5,757doesn't fit

COIN price on every exchange

against the cheapest. Click to use as the short leg.
SoDEX204.94cheapestExtended204.96+0.008%Polymarket Perps204.99+0.024%Orderly204.99+0.024%Aevo205.00+0.027%tradeXYZ205.01+0.034%Bitget205.03+0.044%
Binance205.06+0.058%
Bybit205.08+0.068%QFEX205.08+0.068%Vest205.08+0.068%Gate205.12+0.088%KuCoin205.15+0.102%Aster205.15+0.103%OKX205.19+0.122%Lighter205.24+0.146%Arcus205.24+0.146%Lighter RH205.28+0.166%Ondo Perps205.30+0.176%Injective205.31+0.181%edgeX205.39+0.220%BloFin205.39+0.220%Variational Omni205.47+0.257%
Phoenix205.58+0.312%
ApeX Omni205.64+0.342%

COIN on 25 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SoDEX COIN-USD−0.311%+0.0050%1h$116$3K10xas long as short
Extended COIN_24_5-USD−0.303%+0.0128%1h$103K$426K10xas long as short
Polymarket Perps COIN-USD−0.287%+0.0050%1h$155K$1.0M10xas long as short
Orderly PERP_COIN_USDC_mythos−0.287%+0.0100%8h$593$4K10xas long as short
Aevo COIN-PERP−0.284%+0.0104%1h$121—10xas long as short
tradeXYZ xyz:COIN−0.277%+0.0109%1h$17.2M$12.1M10xas long as short
Bitget COINUSDT−0.268%+0.0043%8h$7.0M$7.4M20xas long as short
Binance COINUSDTshort−0.253%+0.0131%8h$16.2M$58.3M20x
Bybit COINUSDT−0.243%+0.0061%8h$5.3M$4.7M50xas long as short
QFEX COIN-USD−0.243%+0.0033%1h$1.6M$3.1M10xas long as short
Show all 25 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Vest COIN-USD-PERP−0.243%+0.0046%1h—$409K25xas long as short
Gate COIN_USDT−0.224%0.0000%8h$1.5M$5.4M50xas long as short
KuCoin COINUSDTM−0.209%+0.0117%8h$1.1M$138K20xas long as short
Aster COINUSDT−0.209%0.0000%8h$410K$777K20xas long as short
OKX COIN-USDT-SWAP−0.190%+0.0074%8h$3.5M$4.5M20xas long as short
Lighter COIN−0.166%+0.0104%1h$412K$2.3M10xas long as short
Arcus COIN-USD−0.165%+0.0040%1h$16K$43K5xas long as short
Lighter RH COIN−0.146%+0.0032%1h$519K$1.9M10xas long as short
Ondo Perps COIN-USD.P−0.136%+0.0050%1h$477K$2.8M10xas long as short
Injective COIN/USDC PERP−0.131%−0.0440%1h$41K$105K30xas long as short
edgeX COINUSDC−0.092%+0.0298%4h$53K$289K10xas long as short
BloFin COIN-USDT−0.092%+0.0253%8h$210K$279K20xas long as short
Variational Omni COIN−0.055%+0.0070%8h$920K$803K—as long as short
Phoenix COINlong0.000%+0.0235%1h$2K$162K10x
ApeX Omni COINUSDT+0.029%+0.0100%1h$168K$584K50xas long as short