Short here, long there
Funding spreads and price gaps across twenty-six exchanges, after fees, against the last seven days, and what crossing both books costs.
Every exchange is on here, whichever you have on; your own choice still applies on every other page.
What this is
Funding spread trades and price gaps across twenty-six exchanges, after both fees, checked against the last seven days. Live in your browser.
Funding spread trades
Short where funding pays shorts most, long where it costs longs least, the same size each side: the difference in funding is what’s left.
Checked against the week
Each leg’s rate beside its own seven-day average, where the exchange publishes its history, so a spike stands out.
What crossing costs
Both books are walked for your amount, to say what opening the two legs costs before any funding comes in.
What this is
Every perpetual, every exchange
Your browser reads every perpetual’s funding, open interest and best prices on every exchange the site covers, every 30 seconds, as the scoreboards do.
Spread, then costed
For each coin, the highest funding against the lowest, both as rates a year, less both taker fees to open the two legs.
Checked against the week
Each leg’s funding beside its own seven-day average, where the exchange publishes its history, so a spike stands out.
How to read the table
- 1
Each leg, your fees
Each leg is the size of each side: a preset or your own. Taker fees are each exchange’s standard rate, or your tiers from a coin page’s Trade simulator. Beside them, narrow the list to a kind of asset.
- 2
Short here, long there
Each row is a coin’s widest funding spread on markets that aren’t thin: short where funding pays shorts most, long where it costs longs least, the same size each side, so price moves cancel out. Each rate is a year’s.
- 3
Today against the week
The spread is the short leg’s funding less the long leg’s, in points a year; beside it, the same spread over the last seven days, where both exchanges publish their history. Far wider today than over the week is likely a spike.
- 4
What a day comes to
A day’s funding on both legs at today’s rates, less both taker fees to open them, is the net. Entry is what crossing both books costs for your amount, and Held for how long the pair has been the widest. Thin markets are marked and listed after.
What each column means
- Short
- Where funding pays shorts the most, as a rate a year. How often it’s paid is in the working.
- Long
- Where funding costs longs the least, or pays them.
- Spread
- The short leg’s funding less the long leg’s, in points a year.
- 7 days
- The same spread over the last seven days, from each exchange’s funding history, where both publish one a browser can read (17 of 26 do). A spread far wider today than over the week is a spike, and may be gone at the next payment.
- Net, 24h
- A day’s funding at today’s rates on both legs, less both taker fees to open them. Sorted by it, the most first.
- Held for
- How long these two exchanges have been the widest pair, and the spread over that time, from when this page began reading.
- Pre-IPO
- The company isn’t listed, so there’s no share price to pull the two exchanges’ prices together: each follows its own market.
Questions signals raise
Is a signal advice?
No. It says two exchanges disagree on a price right now, and what that comes to after their fees. It never says which way a price will go. Not financial advice.
Does a funding spread trade lock the spread in?
No. Each exchange resets its rate at every payment, so the spread is today’s, not a promise. Holding both legs keeps the price moves cancelled out while the funding differs.
Why are the widest funding spreads on thin markets?
Because a market few people trade on can pay almost any rate for a while. They’re marked Thin and listed after the rest, never hidden.
Why check the last seven days?
Because today’s rate can be a spike: each exchange resets its funding at every payment. Where both exchanges publish their history, the page shows the week beside today.
Do I need an account on both exchanges?
Yes, with money or coins already on each: buying on one and selling on the other at the same moment needs both sides funded. Moving coins between them takes time, and a withdrawal fee this page doesn’t count.
Where does it all come from?
The same public order books, funding rates and funding histories the rest of the site reads, straight from each exchange to your browser. Nothing is stored, and no server of ours sits in between.
Not financial advice. Prices move while you read them.