Settings8H · net · $10k
Funding arb · Price arb /

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.033%
Price spread now: Bybit against tradeXYZ+0.092%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$460.455% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.056%−$6 on $10k
Price spread, last 7 days+0.002%$0 · spread now +0.092%, 7d avg +0.072%
Together, before fees−0.054%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.072%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:COIN196.640.0050pay 0.0006% / 1h36m 55s$15.4M$13.6M10x
ShortBybit COINUSDT196.820get 0.0000% / 8h3h 36m$4.8M$6.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$10.5
Price spread: +0.092% → +0.072%
$1.97
Slippage, 4 orders
−$16.53
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$54.06
Costs to cover
0.455%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 2 min ago0.76 bp10.5 bp −$1012.6 bp −$126doesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago1.78 bp11.7 bp −$1230.2 bp −$302160.4 bp −$16.0Kdoesn't fit

COIN on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget COINUSDT−0.0697%8h196.87+0.117%$6.3M$10.4M20xas long as short
Injective COIN/USDC PERP−0.0440%1h196.75+0.056%$43K$48K30xas long as short
Gate COIN_USDT−0.0224%8h196.81+0.086%$1.2M$7.3M50xas long as short
Vest COIN-USD-PERP−0.0110%1h196.09−0.280%$266K25xas long as short
Aster COINUSDT0.0000%8h196.82+0.090%$343K$890K20xas long as short
Extended COIN_24_5-USD0.0000%1h196.72+0.043%$116K$690K10xas long as short
Binance COINUSDT0.0000%8h196.75+0.056%$14.7M$79.9M20xas long as short
Bybit COINUSDTshort0.0000%8h196.82+0.092%$4.8M$6.0M50x
OKX COIN-USDT-SWAP0.0000%8h196.72+0.041%$3.0M$4.6M20xas long as short
Variational Omni COIN0.0000%8h196.74+0.051%$684K$939Kas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perp0.0000%8h196.79+0.075%$10K$2.4M10xas long as short
QFEX COIN-USD+0.0020%1h196.71+0.036%$1.3M$3.2M10xas long as short
Lighter RH COIN+0.0032%1h196.63−0.005%$451K$1.5M10xas long as short
Arcus COIN-USD+0.0040%1h196.88+0.122%$15K$55K5xas long as short
tradeXYZ xyz:COINlong+0.0050%1h196.64long leg$15.4M$13.6M10x
Polymarket Perps COIN-USD+0.0050%1h196.58−0.031%$134K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h196.69+0.025%$83$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h196.48−0.081%$350K$2.7M10xas long as short
KuCoin COINUSDTM+0.0100%8h196.73+0.046%$992K$143K20xas long as short
ApeX Omni COINUSDT+0.0100%1h196.56−0.041%$88K$287K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h196.71+0.036%$569$4K10xas long as short
Aevo COIN-PERP+0.0104%1h196.74+0.051%$11610xas long as short
Lighter COIN+0.0120%1h196.66+0.010%$340K$2.0M10xas long as short
BloFin COIN-USDT+0.0120%8h196.86+0.112%$189K$393K20xas long as short
Phoenix COIN+0.0122%1h196.61−0.015%$4K$283K10xas long as short
edgeX COINUSDC+0.0901%4h196.77+0.067%$51K$295K10xas long as short