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+0.0082%/8h= +8.9% APRpaid last 24h +0.058%
Price spread now: Phoenix against Variational Omni+0.012%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.076%+$8 on $10k
Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.012%, 7d avg +0.011%
Together, before fees+0.075%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni COIN196.450get 0.0000% / 8h2h 06m$713K$961K
ShortPhoenix COIN196.470.0082get 0.0010% / 1h6m 38s$4K$283K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Variational Omni. 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
$17.13
Price spread: +0.012% → +0.011%
$0.13
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$10.26
Costs to cover
0.070%
Break-even
2.8 days
Slippage unknown: Variational Omni: RFQ quote, 32 min ago; Phoenix: live order book, 36 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 32 min ago2.89 bpdoesn't fit31.7 bp −$317doesn't fitdoesn't fit
Sell Phoenix live order book, 36 min ago3.57 bp12.0 bp −$1226.0 bp −$260doesn't fitdoesn'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−0.0753%8h196.66+0.109%$6.4M$10.7M20xas long as short
Injective COIN/USDC PERP−0.0440%1h196.49+0.023%$43K$48K30xas long as short
Vest COIN-USD-PERP−0.0110%1h195.96−0.247%$289K25xas long as short
Gate COIN_USDT−0.0077%8h196.62+0.089%$1.2M$7.4M50xas long as short
Aster COINUSDT0.0000%8h196.41−0.018%$343K$890K20xas long as short
Extended COIN_24_5-USD0.0000%1h196.44−0.001%$112K$854K10xas long as short
Binance COINUSDT0.0000%8h196.57+0.066%$15.1M$82.6M20xas long as short
Bybit COINUSDT0.0000%8h196.51+0.033%$4.7M$6.3M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h196.53+0.043%$3.0M$4.7M20xas long as short
Variational Omni COINlong0.0000%8h196.45long leg$713K$961K
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perp0.0000%8h196.51+0.034%$11K$2.6M10xas long as short
Lighter RH COIN+0.0032%1h196.45+0.002%$458K$1.5M10xas long as short
QFEX COIN-USD+0.0038%1h196.50+0.028%$1.3M$3.0M10xas long as short
Arcus COIN-USD+0.0040%1h196.51+0.033%$15K$54K5xas long as short
tradeXYZ xyz:COIN+0.0050%1h196.40−0.023%$15.3M$13.9M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h196.44−0.003%$128K$1.4M10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h196.29−0.079%$451K$2.9M10xas long as short
SoDEX COIN-USD+0.0062%1h196.51+0.033%$90$3K10xas long as short
Phoenix COINshort+0.0082%1h196.47+0.012%$4K$283K10x
KuCoin COINUSDTM+0.0100%8h196.24−0.105%$989K$143K20xas long as short
ApeX Omni COINUSDT+0.0100%1h196.38−0.033%$88K$287K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h196.54+0.048%$568$4K10xas long as short
Aevo COIN-PERP+0.0104%1h196.55+0.053%$11610xas long as short
Lighter COIN+0.0112%1h196.44−0.001%$380K$2.3M10xas long as short
BloFin COIN-USDT+0.0120%8h196.57+0.063%$186K$422K20xas long as short
edgeX COINUSDC+0.0687%4h196.40−0.023%$51K$294K10xas long as short