COIN

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.029%

Price spread now: Orderly against Bybit−0.061%7-day average — · you buy dearer than you sell

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 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. Orderly is 0.061% cheaper against Bybit than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COINUSDT	198.30	0	get 0.0000% / 8h	6h 17m	$4.6M	$5.5M	50x
Short	Orderly PERP_COIN_USDC_mythos	198.18	0.0100	get 0.0100% / 8h	6h 17m	$573	$4K	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 −0.061%Rate

Funding earned: $21
Price spread: −0.061% → 0.000%: −$6.05
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$2.05
Costs to cover: 0.170%
Break-even: 7.7 days

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	1.77 bp	14.6 bp −$15	33.9 bp −$339	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.

COIN on 26 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
Injective COIN/USDC PERP	−0.0440%	1h	197.11	−0.600%	$17K	$224K	30x	as long as short
Aster COINUSDT	0.0000%	8h	198.24	−0.032%	$346K	$871K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	198.28	−0.009%	$108K	$851K	10x	as long as short
Binance COINUSDT	0.0000%	8h	198.32	+0.010%	$14.6M	$76.6M	20x	as long as short
Bybit COINUSDTlong	0.0000%	8h	198.30	long leg	$4.6M	$5.5M	50x
OKX COIN-USDT-SWAP	0.0000%	8h	198.28	−0.010%	$3.1M	$4.5M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	198.28	−0.010%	$1.2M	$6.6M	50x	as long as short
Bitget COINUSDT	0.0000%	8h	198.40	+0.050%	$6.4M	$9.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	198.13	−0.084%	$769K	$921K	—	as long as short
GRVT COIN_USDT_Perp	0.0000%	8h	197.95	−0.178%	$13K	$3.1M	10x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter COIN	+0.0032%	1h	198.23	−0.037%	$347K	$2.0M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	198.22	−0.040%	$481K	$1.2M	10x	as long as short
QFEX COIN-USD	+0.0036%	1h	198.12	−0.091%	$1.3M	$2.6M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	198.04	−0.131%	$17K	$28K	5x	as long as short
Vest COIN-USD-PERP	+0.0046%	1h	197.94	−0.182%	—	$293K	25x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	198.20	−0.050%	$14.8M	$11.8M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	198.06	−0.121%	$136K	$1.3M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	198.12	−0.091%	$92	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	197.96	−0.171%	$342K	$2.2M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	198.27	−0.015%	$935K	$226K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	198.04	−0.131%	$89K	$272K	50x	as long as short
Orderly PERP_COIN_USDC_mythosshort	+0.0100%	8h	198.18	−0.061%	$573	$4K	10x
Aevo COIN-PERP	+0.0104%	1h	198.24	−0.029%	$117	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	198.06	−0.121%	$192K	$494K	20x	as long as short
Phoenix COIN	+0.0121%	1h	198.02	−0.141%	$5K	$257K	10x	as long as short
edgeX COINUSDC	+0.0458%	4h	198.22	−0.041%	$51K	$294K	10x	as long as short