Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.016%
Price spread now: Extended against tradeXYZ+0.018%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$410.407% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.018%, 7d avg −0.009%
=Together, before fees−0.176%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.026% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.009%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 197.81 | 0.0050 | pay 0.0006% / 1h | 23m 40s | $15.6M | $13.4M | 10x |
| Short | Extended COIN_24_5-USD | 197.84 | 0 | get 0.0000% / 1h | 23m 40s | $117K | $696K | 10x |
tradeXYZ xyz:COIN
Extended COIN_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$10.5
- Price spread: +0.018% → −0.009%
- $2.64
- Slippage, 4 orders
- −$17.7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$48.55
- Costs to cover
- 0.407%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Extended: live order book, 39 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 | 11.1 bp −$11 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Extended live order book, 39 min ago | 1.01 bp | 8.9 bp −$9 | 87.9 bp −$879 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0739% | 8h | 197.98 | +0.086% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.21 | −0.303% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0201% | 8h | 197.88 | +0.035% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0089% | 1h | 197.28 | −0.268% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.92 | +0.056% | $350K | $877K | 20x | as long as short |
| Extended COIN_24_5-USDshort | 0.0000% | 1h | 197.84 | +0.018% | $117K | $696K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 197.87 | +0.030% | $15.0M | $78.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.79 | −0.010% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.90 | +0.045% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.67 | −0.069% | $685K | $1.0M | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
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 | 197.69 | −0.061% | $12K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.79 | −0.010% | $1.3M | $3.4M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.86 | +0.027% | $367K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.87 | +0.030% | $453K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.88 | +0.035% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 197.81 | long leg | $15.6M | $13.4M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.80 | −0.005% | $128K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.82 | +0.005% | $79 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.55 | −0.131% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.69 | −0.061% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.58 | −0.116% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.79 | −0.010% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.86 | +0.027% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.82 | +0.005% | $189K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.81 | 0.000% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0208% | 4h | 197.71 | −0.050% | $51K | $293K | 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
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC