Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.161%
Price spread now: edgeX against Phoenix+0.134%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days+0.419%+$42 on $10k
+Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.134%, 7d avg −0.014%
=Together, before fees+0.362%+ Points / potential airdropedgeX: Active · farm board+$36 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.149% dearer against Phoenix than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix COIN | 200.30 | 0.0237 | pay 0.0030% / 1h | 57m 59s | $5K | $250K | 10x |
| Short | edgeX COINUSDC | 200.57 | 0.0289 | get 0.0144% / 4h | 2h 57m | $52K | $295K | 10x |
Phoenix COIN
edgeX COINUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phoenix. 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
- $10.85
- Price spread: +0.134% → −0.014%
- $14.85
- Slippage, 4 orders
- −$27.01
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$17.31
- Costs to cover
- 0.430%
- Break-even
- 18.2 days
Slippage from Phoenix: live order book, 5 min ago; edgeX: live order book, 10 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 Phoenix live order book, 5 min ago | 2.99 bp | 10.9 bp −$11 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 10 min ago | 5.72 bp | 10.6 bp −$11 | 16.0 bp −$160 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 200.01 | −0.145% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 199.81 | −0.242% | $366K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 199.62 | −0.341% | $119K | $705K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 199.68 | −0.310% | $15.5M | $75.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 199.75 | −0.275% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 199.67 | −0.315% | $3.2M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 199.84 | −0.230% | $1.3M | $6.7M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 199.78 | −0.260% | $6.8M | $9.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 200.23 | −0.035% | $830K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 200.31 | +0.005% | $13K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0021% | 1h | 199.61 | −0.344% | $1.4M | $3.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 199.63 | −0.334% | $427K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 200.29 | −0.005% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 199.55 | −0.374% | — | $286K | 25x | as long as short |
| Lighter COIN | +0.0048% | 1h | 199.67 | −0.314% | $394K | $2.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 199.73 | −0.285% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 199.64 | −0.330% | $101 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 199.87 | −0.215% | $355K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 199.81 | −0.245% | $1.0M | $120K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 200.36 | +0.030% | $90K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 199.71 | −0.295% | $578 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 199.66 | −0.322% | $118 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 200.02 | −0.140% | $199K | $375K | 20x | as long as short |
| Phoenix COINlong | +0.0237% | 1h | 200.30 | long leg | $5K | $250K | 10x | |
| tradeXYZ xyz:COIN | +0.0251% | 1h | 199.67 | −0.315% | $16.4M | $13.0M | 10x | as long as short |
| edgeX COINUSDCshort | +0.0289% | 4h | 200.57 | +0.134% | $52K | $295K | 10x |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Lighter 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
tradeXYZ xyz:COIN