Funding you earn now, next payment 12:00 UTC+0.0598%/8h= +65.5% APRpaid last 24h +0.218%
Price spread now: Orderly against Bybit+0.127%7-day average +0.218% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.923%+$92 on $10k
+Price spread, last 4 days (all we have)+0.237%+$24 · spread now +0.127%, 7d avg +0.218%
=Funding pays, the price is against you. Orderly is 0.091% cheaper against Bybit than usual: you would sell low and buy high (spread +0.127% now, against its 7-day average of +0.218%). If the spread goes back, that is −$9 on $10k: about 12 hours of funding at the current rate (+$18 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDERUSDT | 0.03935 | 0.0100 | pay 0.0100% / 8h | 5h 31m | $1.3M | $681K | 20x |
| Short | Orderly PERP_ORDER_USDC | 0.03940 | 0.0698 | get 0.0349% / 4h | 1h 31m | $184K | $307K | 10x |
Bybit ORDERUSDT
Orderly PERP_ORDER_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $125.66
- Price spread: +0.127% → +0.218%
- −$9.06
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $99.6
- Costs to cover
- 0.170%
- Break-even
- 1.5 days
Slippage unknown: Bybit: live order book, 7 min ago; Orderly: no order-book sample. 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 Bybit live order book, 7 min ago | 2.53 bp | 66.2 bp −$66 | 410.1 bp −$4,101 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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.
ORDER on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ORDER-USDT | +0.0080% | 8h | 0.03932 | −0.076% | $62K | $6K | 16x | as long as short |
| Binance ORDERUSDT | +0.0100% | 4h | 0.03944 | +0.219% | $1.3M | $1.7M | 50x | as long as short |
| Bybit ORDERUSDTlong | +0.0100% | 8h | 0.03935 | long leg | $1.3M | $681K | 20x | |
| OKX ORDER-USDT-SWAP | +0.0100% | 4h | 0.03937 | +0.051% | $164K | $209K | 20x | as long as short |
| Gate ORDER_USDT | +0.0100% | 4h | 0.03938 | +0.076% | $72K | $26K | 20x | as long as short |
| MEXC ORDER_USDT | +0.0100% | 4h | 0.03943 | +0.203% | $263K | $98K | 20x | as long as short |
| Bitget ORDERUSDT | +0.0100% | 4h | 0.03937 | +0.051% | $484K | $176K | 20x | as long as short |
| BingX ORDER-USDT | +0.0100% | 4h | 0.03940 | +0.127% | — | $1.3M | — | as long as short |
| Variational Omni ORDER | +0.0100% | 8h | 0.03948 | +0.330% | $10K | $2K | — | as long as short |
| Orderly PERP_ORDER_USDCshort | +0.0698% | 4h | 0.03940 | +0.127% | $184K | $307K | 10x |
BloFin ORDER-USDT
Binance ORDERUSDT
OKX ORDER-USDT-SWAP
Gate ORDER_USDT
MEXC ORDER_USDT
Bitget ORDERUSDT
BingX ORDER-USDT
Variational Omni ORDERShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDERUSDTM | +0.0702% | 4h | 0.03948 | +0.330% | $243K | $50K | 30x | as long as short |
KuCoin ORDERUSDTM