Funding arb · Price arb /

COIN

RWAall COIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.001%

Price spread now: Orderly against Extended+0.136%7-day average — · you sell dearer than you buy

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

Long on Extended 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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.136% dearer against Extended than usual: you sell high and buy low: +$14 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	Extended COIN_24_5-USD	195.42	0	get 0.0000% / 1h	33m 40s	$114K	$852K	10x
Short	Orderly PERP_COIN_USDC_mythos	195.69	0.0100	get 0.0100% / 8h	2h 33m	$566	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Extended. 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 ExtendedbpFee OrderlybpOrdersPrice spread, now +0.136%Rate

Funding earned: $21
Price spread: +0.136% → 0.000%: $13.65
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $23.65
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Extended: live order book, 14 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 Extended live order book, 14 min ago	0.25 bp	8.2 bp −$8	39.8 bp −$398	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 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
Bitget COINUSDT	−0.0770%	8h	195.72	+0.152%	$6.3M	$10.6M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	195.87	+0.229%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0162%	8h	195.54	+0.060%	$1.2M	$7.3M	50x	as long as short
Vest COIN-USD-PERP	−0.0114%	1h	195.32	−0.053%	—	$289K	25x	as long as short
Aster COINUSDT	0.0000%	8h	195.54	+0.061%	$341K	$890K	20x	as long as short
Extended COIN_24_5-USDlong	0.0000%	1h	195.42	long leg	$114K	$852K	10x
Binance COINUSDT	0.0000%	8h	195.47	+0.025%	$14.6M	$81.0M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	195.47	+0.024%	$4.7M	$6.2M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	195.52	+0.050%	$3.0M	$4.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	195.92	+0.257%	$711K	$962K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	195.96	+0.275%	$23K	$2.5M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	195.42	−0.002%	$455K	$1.5M	10x	as long as short
QFEX COIN-USD	+0.0038%	1h	195.54	+0.060%	$1.3M	$3.1M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	195.91	+0.249%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	195.35	−0.037%	$15.1M	$13.7M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	195.73	+0.157%	$133K	$1.3M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	195.74	+0.162%	$73	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	195.50	+0.039%	$386K	$2.8M	10x	as long as short
Phoenix COIN	+0.0082%	1h	195.82	+0.203%	$4K	$283K	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	195.42	−0.002%	$985K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	195.87	+0.229%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythosshort	+0.0100%	8h	195.69	+0.136%	$566	$4K	10x
Aevo COIN-PERP	+0.0104%	1h	195.72	+0.152%	$115	—	10x	as long as short
Lighter COIN	+0.0120%	1h	195.46	+0.017%	$375K	$2.1M	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.02	+0.305%	$188K	$409K	20x	as long as short
edgeX COINUSDC	+0.0717%	4h	195.84	+0.213%	$51K	$295K	10x	as long as short