Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.05 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Orderly+0.186%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.186% dearer against Orderly than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_M_USDC | 1.3457 | 0.0100 | pay 0.0050% / 4h | 14m 53s | $2K | $510 | 10x |
| Short | Bybit MUSDT | 1.3482 | 0.0111 | get 0.0055% / 4h | 14m 53s | $4.2M | $1.7M | 20x |
Orderly PERP_M_USDC
Bybit MUSDTFunding 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
- $2.23
- Price spread: +0.186% → 0.000%
- $18.58
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $3.81
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 3 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, 3 min ago | 2.59 bp | 27.1 bp −$27 | 206.3 bp −$2,063 | 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.
M on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate M_USDT | +0.0100% | 8h | 1.3440 | −0.126% | $1.8M | $913K | 10x | as long as short |
| Orderly PERP_M_USDClong | +0.0100% | 4h | 1.3457 | long leg | $2K | $510 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.3489 | +0.238% | $2K | $880K | 20x | as long as short |
| Bybit MUSDTshort | +0.0111% | 4h | 1.3482 | +0.186% | $4.2M | $1.7M | 20x | |
| Aster MUSDT | +0.0363% | 4h | 1.3470 | +0.095% | $12K | $83K | 5x | as long as short |
| Binance MUSDT | +0.0656% | 4h | 1.3472 | +0.111% | $5.3M | $3.9M | 10x | as long as short |
| MEXC M_USDT | +0.0666% | 4h | 1.3476 | +0.141% | $232K | $109K | 50x | as long as short |
| BloFin M-USDT | +0.0675% | 4h | 1.3454 | −0.022% | $344K | $440K | 10x | as long as short |
| Variational Omni M | +0.0963% | 4h | 1.3477 | +0.152% | $90K | $49K | — | as long as short |
| BingX M-USDT | +0.1200% | 4h | 1.3472 | +0.111% | — | $2.4M | — | as long as short |
Gate M_USDT
SunX M-USDT
Aster MUSDT
Binance MUSDT
MEXC M_USDT
BloFin M-USDT
Variational Omni M
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUSDT | +0.1262% | 4h | 1.3475 | +0.134% | $1.7M | $250K | 10x | as long as short |
| KuCoin MUSDTM | +0.2290% | 4h | 1.3353 | −0.771% | $1.3M | $3.7M | 10x | as long as short |
Bitget MUSDT
KuCoin MUSDTM