Funding you earn now, next payment 04:00 UTC−0.0809%/8h= −88.6% APRpaid last 24h −0.047%
Price spread now: Bitget against tradeXYZ+0.091%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$440.438% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now +0.091%, 7d avg +0.075%
=Together, before fees−0.122%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.151% in total (about -7.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 196.78 | 0.0050 | pay 0.0006% / 1h | 35m 08s | $15.4M | $13.5M | 10x |
| Short | Bitget COINUSDT | 196.96 | −0.0759 | pay 0.0759% / 8h | 4h 35m | $6.2M | $10.3M | 20x |
tradeXYZ xyz:COIN
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$169.89
- Price spread: +0.091% → +0.075%
- $1.63
- Slippage, 4 orders
- −$13.82
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$212.08
- Costs to cover
- 0.438%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Bitget: live order book, 3 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 tradeXYZ live order book, 4 min ago | 0.25 bp | 11.2 bp −$11 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.28 bp | 9.2 bp −$9 | 19.4 bp −$194 | 88.2 bp −$8,818 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDTshort | −0.0759% | 8h | 196.96 | +0.091% | $6.2M | $10.3M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.96 | +0.091% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0212% | 8h | 196.91 | +0.066% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0087% | 1h | 196.35 | −0.219% | — | $277K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.16 | +0.195% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.83 | +0.023% | $119K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.87 | +0.047% | $15.0M | $78.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.87 | +0.046% | $4.8M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.85 | +0.036% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.70 | −0.040% | $679K | $936K | — | as long as short |
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 196.93 | +0.076% | $13K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 196.88 | +0.051% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.80 | +0.010% | $351K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.78 | 0.000% | $450K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.03 | +0.127% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 196.78 | long leg | $15.4M | $13.5M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.79 | +0.005% | $126K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.81 | +0.015% | $61 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.54 | −0.122% | $348K | $2.8M | 10x | as long as short |
| edgeX COINUSDC | +0.0051% | 4h | 197.01 | +0.115% | $51K | $295K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.88 | +0.051% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.77 | −0.005% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.92 | +0.071% | $569 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.78 | +0.001% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.94 | +0.081% | $188K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.00 | +0.112% | $4K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
edgeX COINUSDC
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN