data as of
Settings8H · net · $10k
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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−$46
spread now−0.073%7d average−0.031%fees + slippage, in and out−$42spread needed0.415%
Long on PhoenixShort on tradeXYZ
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix COIN204.690.0156pay 0.0019% / 1h19m 42s$3K$207K10x
ShorttradeXYZ xyz:COIN204.540.0050get 0.0006% / 1h19m 42s$16.6M$13.2M10x

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
−$7.33
Funding while held
−$3.17
Slippage, 4 orders
−$16.51
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$52.01
Spread needed to break even
0.415%
Slippage from Phoenix: live order book, 27 min ago; tradeXYZ: live order book, 11 min ago.

Cost of waiting

funding view
Funding /8h
−0.0106%
Per $10,000 a day
−$3.17
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, 27 min ago1.94 bp8.4 bp −$816.7 bp −$167doesn't fitdoesn't fit
Sell tradeXYZ live order book, 11 min ago0.73 bp12.0 bp −$1215.3 bp −$153doesn't fitdoesn't fit

COIN price on every exchange

against the cheapest. Click to use as the short leg.
Vest204.15cheapestPolymarket Perps204.31+0.078%Orderly204.33+0.088%Variational Omni204.33+0.089%Arcus204.38+0.113%QFEX204.38+0.113%Gate204.46+0.152%Aevo204.46+0.153%Lighter RH204.47+0.157%SoDEX204.47+0.157%Extended204.50+0.172%KuCoin204.51+0.176%Binance204.52+0.181%
tradeXYZ204.54+0.191%
OKX204.59+0.216%Lighter204.59+0.218%Bitget204.61+0.225%Aster204.63+0.238%Bybit204.64+0.240%BloFin204.64+0.240%Ondo Perps204.69+0.265%ApeX Omni204.69+0.265%
Phoenix204.69+0.265%
Injective204.74+0.289%edgeX204.90+0.367%

COIN on 25 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Vest COIN-USD-PERP−0.264%+0.0046%1h—$427K25xas long as short
Polymarket Perps COIN-USD−0.186%+0.0050%1h$134K$1.1M10xas long as short
Orderly PERP_COIN_USDC_mythos−0.176%+0.0100%8h$591$5K10xas long as short
Variational Omni COIN−0.175%0.0000%8h$867K$880K—as long as short
Arcus COIN-USD−0.151%+0.0040%1h$16K$42K5xas long as short
QFEX COIN-USD−0.151%+0.0029%1h$1.6M$3.2M10xas long as short
Gate COIN_USDT−0.112%0.0000%8h$1.5M$5.7M50xas long as short
Aevo COIN-PERP−0.111%+0.0104%1h$121—10xas long as short
Lighter RH COIN−0.107%+0.0032%1h$471K$2.0M10xas long as short
SoDEX COIN-USD−0.107%+0.0050%1h$112$3K10xas long as short
Show all 25 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended COIN_24_5-USD−0.092%+0.0008%1h$101K$429K10xas long as short
KuCoin COINUSDTM−0.088%+0.0100%8h$1.1M$140K20xas long as short
Binance COINUSDT−0.083%+0.0004%8h$15.9M$65.2M20xas long as short
tradeXYZ xyz:COINshort−0.073%+0.0050%1h$16.6M$13.2M10x
OKX COIN-USDT-SWAP−0.049%0.0000%8h$3.4M$4.7M20xas long as short
Lighter COIN−0.046%+0.0032%1h$414K$2.4M10xas long as short
Bitget COINUSDT−0.039%+0.0002%8h$6.8M$8.4M20xas long as short
Aster COINUSDT−0.027%0.0000%8h$408K$780K20xas long as short
Bybit COINUSDT−0.024%+0.0010%8h$5.2M$5.1M50xas long as short
BloFin COIN-USDT−0.024%+0.0023%8h$211K$293K20xas long as short
Ondo Perps COIN-USD.P0.000%+0.0050%1h$374K$2.9M10xas long as short
ApeX Omni COINUSDT0.000%+0.0100%1h$167K$587K50xas long as short
Phoenix COINlong0.000%+0.0156%1h$3K$207K10x
Injective COIN/USDC PERP+0.024%−0.0440%1h$41K$107K30xas long as short
edgeX COINUSDC+0.102%+0.0988%4h$53K$289K10xas long as short