S

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0119%/8h= −13.0% APRnext payment −$0.59 per $10,000 · paid last 24h −0.098%

Price spread now: Orderly against Bybit+0.204%7-day average +0.052% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.733%−$73 on $10k

Price spread, last 3 days (all we have)−0.784%−$78 · spread now +0.204%, 7d avg +0.052%

Together, before fees−1.517%−$152 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.152% dearer against Bybit than usual: you sell high and buy low (spread +0.204% now, against its 7-day average of +0.052%): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−0.733% in total) that is about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUSDT	0.03926	0.0100	pay 0.0050% / 4h	2h 50m	$5.6M	$6.6M	50x
Short	Orderly PERP_S_USDC	0.03934	−0.0019	pay 0.0009% / 4h	2h 50m	$101K	$340K	10x

Funding 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

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee OrderlybpOrdersPrice spread, now +0.204%Rate

Funding earned: −$24.95
Price spread: +0.204% → +0.052%: $15.2
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$26.75
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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, 3 min ago	2.55 bp	32.2 bp −$32	79.9 bp −$799	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.

S on 25 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
Kraken Futures PF_SUSD	−0.1453%	1h	0.03927	+0.022%	$33K	$33K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−2.547%	$47K	$5K	25x	as long as short
Variational Omni S	−0.1204%	4h	0.03923	−0.076%	$610K	$38K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0173% / S +0.0169%	1h	0.03936	+0.250%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03932	+0.149%	$4	—	15x	as long as short
01 Exchange SUSD	−0.0072%	1h	0.03930	+0.102%	$24K	$3K	5x	as long as short
Aster SUSDT	−0.0037%	4h	0.03936	+0.253%	$43K	$212K	10x	as long as short
Orderly PERP_S_USDCshort	−0.0019%	4h	0.03934	+0.204%	$101K	$340K	10x
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03935	+0.227%	$606	—	150x	as long as short
Deribit S_USDC-PERPETUAL	+0.0004%	1h	0.03936	+0.255%	$66K	$10K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.432%	$2K	$37K	12x	as long as short
OKX S-USDT-SWAP	+0.0079%	4h	0.03931	+0.127%	$978K	$7.9M	20x	as long as short
Lighter S	+0.0096%	1h	0.03935	+0.229%	$165K	$240K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03933	+0.176%	$992K	$928K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03932	+0.153%	$5.4M	$24.9M	75x	as long as short
Bybit SUSDTlong	+0.0100%	4h	0.03926	long leg	$5.6M	$6.6M	50x
Gate S_USDT	+0.0100%	4h	0.03928	+0.051%	$321K	$291K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03933	+0.178%	$3.5M	$2.5M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03932	+0.153%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03932	+0.153%	$1.2M	$3.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03929	+0.076%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03930	+0.102%	$23K	$475K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03930	+0.100%	$221K	$883K	10x	as long as short
Backpack S_USDC_PERP	+0.0254%	1h	0.03940	+0.357%	$115K	$286K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03925	−0.025%	$273K	$179K	75x	as long as short