Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.25 per $10,000 · paid last 24h +0.031%
Price spread now: Bybit against Orderly−0.039%7-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
Funding pays, the price is against you. Bybit is 0.039% cheaper against Orderly than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5.3 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_WOO_USDC | 0.01281 | 0.0075 | pay 0.0075% / 8h | 3h 32m | $27K | $5K | 10x |
| Short | Bybit WOOUSDT | 0.01281 | 0.0100 | get 0.0100% / 8h | 3h 32m | $1.2M | $445K | 50x |
Orderly PERP_WOO_USDC
Bybit WOOUSDTFunding 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
- $5.16
- Price spread: −0.039% → 0.000%
- −$3.9
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$15.75
- Costs to cover
- 0.170%
- Break-even
- 28.4 days
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 | 7.81 bp | 68.2 bp −$68 | 247.6 bp −$2,476 | 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.
WOO 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX WOO-USD | 0.0000% | 1h | 0.01285 | +0.295% | $720 | — | 10x | as long as short |
| Orderly PERP_WOO_USDClong | +0.0075% | 8h | 0.01281 | long leg | $27K | $5K | 10x | |
| BloFin WOO-USDT | +0.0087% | 8h | 0.01284 | +0.234% | $75K | $31K | 50x | as long as short |
| Binance WOOUSDT | +0.0100% | 8h | 0.01281 | 0.000% | $1.6M | $2.6M | 50x | as long as short |
| Bybit WOOUSDTshort | +0.0100% | 8h | 0.01281 | −0.039% | $1.2M | $445K | 50x | |
| OKX WOO-USDT-SWAP | +0.0100% | 8h | 0.01286 | +0.390% | $207K | $339K | 10x | as long as short |
| Gate WOO_USDT | +0.0100% | 8h | 0.01282 | +0.078% | $91K | $75K | 25x | as long as short |
| MEXC WOO_USDT | +0.0100% | 8h | 0.01282 | +0.078% | $685K | $299K | 200x | as long as short |
| KuCoin WOOUSDTM | +0.0100% | 8h | 0.01284 | +0.234% | $154K | $46K | 50x | as long as short |
| Bitget WOOUSDT | +0.0100% | 8h | 0.01283 | +0.156% | $210K | $87K | 5x | as long as short |
dYdX WOO-USD
BloFin WOO-USDT
Binance WOOUSDT
OKX WOO-USDT-SWAP
Gate WOO_USDT
MEXC WOO_USDT
KuCoin WOOUSDTM
Bitget WOOUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX WOO-USDT | +0.0100% | 8h | 0.01282 | +0.078% | — | $2.3M | — | as long as short |
| Variational Omni WOO | +0.0100% | 8h | 0.01281 | +0.022% | $2K | $862 | — | as long as short |
BingX WOO-USDT
Variational Omni WOO