Funding you earn now, next payment 08:00 UTC−0.1529%/8h= −167.4% APRnext payment −$7.64 per $10,000 · paid last 24h −0.436%
Price spread now: Bybit against Orderly−0.227%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and Bybit is 0.227% cheaper against Orderly than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_GOAT_USDC | 0.01898 | 0.1629 | pay 0.0814% / 4h | 1h 59m | $3K | $2K | 10x |
| Short | Bybit GOATUSDT | 0.01894 | 0.0100 | get 0.0050% / 4h | 1h 59m | $2.1M | $1.3M | 25x |
Orderly PERP_GOAT_USDC
Bybit GOATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. 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
- −$321.09
- Price spread: −0.227% → 0.000%
- −$22.66
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$360.75
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 2 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 7.94 bp | 57.2 bp −$57 | 205.3 bp −$2,053 | doesn't fit | doesn't fit |
Orderly: 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.
GOAT on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid GOAT | +0.0100% | 1h | 0.01900 | +0.079% | $1.2M | $487K | 3x | as long as short |
| Bybit GOATUSDTshort | +0.0100% | 4h | 0.01894 | −0.227% | $2.1M | $1.3M | 25x | |
| Gate GOAT_USDT | +0.0100% | 4h | 0.01897 | −0.037% | $280K | $210K | 25x | as long as short |
| KuCoin GOATUSDTM | +0.0100% | 4h | 0.01892 | −0.316% | $368K | $129K | 30x | as long as short |
| Variational Omni GOAT | +0.0100% | 4h | 0.01889 | −0.493% | $97K | $109K | — | as long as short |
| BloFin GOAT-USDT | +0.0259% | 4h | 0.01893 | −0.263% | $121K | $11K | 25x | as long as short |
| Binance GOATUSDT | +0.0292% | 4h | 0.01899 | +0.040% | $1.9M | $3.0M | 25x | as long as short |
| MEXC GOAT_USDT | +0.0296% | 4h | 0.01897 | −0.053% | $439K | $161K | 200x | as long as short |
| BingX GOAT-USDT | +0.0318% | 4h | 0.01898 | 0.000% | — | $6.6M | — | as long as short |
| Orderly PERP_GOAT_USDClong | +0.1629% | 4h | 0.01898 | long leg | $3K | $2K | 10x |
Hyperliquid GOAT
Gate GOAT_USDT
KuCoin GOATUSDTM
Variational Omni GOAT
BloFin GOAT-USDT
Binance GOATUSDT
MEXC GOAT_USDT
BingX GOAT-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GOATUSD | +0.3310% | 1h | 0.01897 | −0.028% | $31K | $4K | 10x | as long as short |
Kraken Futures PF_GOATUSD