Funding you earn now, next payment 21:00 UTC−0.0222%/8hnext payment −$0.28 per $10,000 · paid last 24h −0.048%
Price spread now: Arcus against tradeXYZ−0.025%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Arcus is 0.025% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 201.32 | 0.0262 | pay 0.0033% / 1h | 57m 20s | $16.4M | $13.6M | 10x |
| Short | Arcus COIN-USD | 201.27 | 0.0040 | get 0.0005% / 1h | 57m 20s | $19K | $43K | 5x |
tradeXYZ xyz:COIN
Arcus COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against tradeXYZ. 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
- −$46.61
- Price spread: −0.025% → 0.000%
- −$2.48
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$71.59
- Costs to cover
- 0.225%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 6 min ago; Arcus: no order-book sample. 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 tradeXYZ live order book, 6 min ago | 1.00 bp | 11.4 bp −$11 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Arcus no order-book sample | — | — | — | — | — |
Arcus: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 201.08 | −0.119% | $40K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.15 | −0.084% | $369K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.29 | −0.012% | $100K | $424K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.33 | +0.005% | $15.6M | $76.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.34 | +0.010% | $5.0M | $5.8M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.36 | +0.020% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.29 | −0.015% | $1.3M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.15 | −0.083% | $772K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.26 | −0.031% | $14K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.29 | −0.015% | $446K | $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
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter RH COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus COIN-USDshort | +0.0040% | 1h | 201.27 | −0.025% | $19K | $43K | 5x | |
| QFEX COIN-USD | +0.0044% | 1h | 201.29 | −0.015% | $1.4M | $3.7M | 10x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.11 | −0.104% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.20 | −0.060% | $133K | $1.1M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.17 | −0.075% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.01 | −0.154% | $363K | $3.2M | 10x | as long as short |
| Lighter COIN | +0.0096% | 1h | 201.31 | −0.005% | $379K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.14 | −0.089% | $1.0M | $146K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.04 | −0.139% | $90K | $630K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.30 | −0.010% | $582 | $5K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.21 | −0.055% | $119 | — | 10x | as long as short |
| Bitget COINUSDT | +0.0116% | 8h | 201.36 | +0.020% | $6.8M | $9.7M | 20x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.22 | −0.050% | $201K | $335K | 20x | as long as short |
| Phoenix COIN | +0.0239% | 1h | 201.18 | −0.070% | $5K | $254K | 10x | as long as short |
| tradeXYZ xyz:COINlong | +0.0262% | 1h | 201.32 | long leg | $16.4M | $13.6M | 10x | |
| edgeX COINUSDC | +0.0475% | 4h | 201.18 | −0.067% | $52K | $291K | 10x | as long as short |
QFEX COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Bitget COINUSDT
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC