Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.06 per $10,000 · paid last 24h +0.037%
Price spread now: tradeXYZ against Vest+0.208%7-day average −0.153% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)−0.185%−$18 · spread now +0.208%, 7d avg −0.153%
=Together, before fees−0.156%+ Points / potential airdropVest: Active · tradeXYZ: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.361% dearer against Vest than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.153%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest COIN-USD-PERP | 197.16 | −0.0084 | get 0.0011% / 1h | 59m 14s | — | $284K | 25x |
| Short | tradeXYZ xyz:COIN | 197.57 | −0.0033 | pay 0.0004% / 1h | 59m 14s | $15.5M | $13.5M | 10x |
Vest COIN-USD-PERP
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Vest. 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
- $10.88
- Price spread: +0.208% → −0.153%
- $36.13
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $27.01
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; tradeXYZ: live order book, 10 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 10 min ago | 0.76 bp | 11.8 bp −$12 | 15.7 bp −$157 | doesn't fit | doesn't fit |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0639% | 8h | 197.71 | +0.279% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.55 | +0.198% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0192% | 8h | 197.65 | +0.249% | $1.2M | $7.0M | 50x | as long as short |
| Vest COIN-USD-PERPlong | −0.0084% | 1h | 197.16 | long leg | — | $284K | 25x | |
| Polymarket Perps COIN-USD | −0.0070% | 1h | 197.50 | +0.172% | $127K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:COINshort | −0.0033% | 1h | 197.57 | +0.208% | $15.5M | $13.5M | 10x | |
| Aster COINUSDT | 0.0000% | 8h | 197.80 | +0.325% | $349K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.55 | +0.198% | $117K | $691K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.57 | +0.210% | $15.0M | $78.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.62 | +0.233% | $4.9M | $5.9M | 50x | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Polymarket Perps COIN-USD
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.62 | +0.233% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.61 | +0.231% | $685K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.69 | +0.267% | $18K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.62 | +0.233% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.56 | +0.201% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.54 | +0.193% | $454K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.76 | +0.304% | $15K | $55K | 5x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.54 | +0.193% | $70 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.44 | +0.142% | $351K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.55 | +0.198% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.56 | +0.203% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.53 | +0.188% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.60 | +0.222% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.57 | +0.208% | $189K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.62 | +0.233% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0208% | 4h | 197.66 | +0.253% | $51K | $296K | 10x | as long as short |
OKX COIN-USDT-SWAP
Variational Omni COIN
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus 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