Funding you earn now, next payment 08:00 UTC+0.0315%/8h= +34.5% APRnext payment +$3.15 per $10,000 · paid last 24h −0.035%
Price spread now: Orderly against Gate−0.035%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. Orderly is 0.035% cheaper against Gate than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$9 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate COIN_USDT | 197.35 | −0.0215 | get 0.0215% / 8h | 3h 54m | $1.2M | $7.2M | 50x |
| Short | Orderly PERP_COIN_USDC_mythos | 197.28 | 0.0100 | get 0.0100% / 8h | 3h 54m | $571 | $4K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Gate. 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
- $66.15
- Price spread: −0.035% → 0.000%
- −$3.55
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $41.6
- Costs to cover
- 0.210%
- Break-even
- 2.6 days
Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago | 4.06 bp | 12.3 bp −$12 | 95.8 bp −$958 | 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 | −0.0701% | 8h | 197.37 | +0.010% | $6.3M | $10.4M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.33 | −0.010% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDTlong | −0.0215% | 8h | 197.35 | long leg | $1.2M | $7.2M | 50x | |
| Vest COIN-USD-PERP | −0.0110% | 1h | 196.68 | −0.339% | — | $266K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.49 | +0.069% | $345K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.24 | −0.058% | $117K | $692K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.33 | −0.010% | $14.7M | $79.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.38 | +0.015% | $4.9M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.40 | +0.025% | $3.1M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.30 | −0.025% | $681K | $935K | — | 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 | 197.26 | −0.043% | $12K | $2.3M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 197.38 | +0.015% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.22 | −0.066% | $449K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.39 | +0.020% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.20 | −0.076% | $15.5M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.23 | −0.061% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.23 | −0.061% | $81 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.21 | −0.071% | $350K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.31 | −0.020% | $994K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.09 | −0.132% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythosshort | +0.0100% | 8h | 197.28 | −0.035% | $571 | $4K | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 197.26 | −0.045% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.39 | +0.020% | $188K | $393K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.25 | −0.051% | $5K | $283K | 10x | as long as short |
| Lighter COIN | +0.0224% | 1h | 197.22 | −0.066% | $348K | $2.0M | 10x | as long as short |
| edgeX COINUSDC | +0.0567% | 4h | 197.26 | −0.046% | $51K | $294K | 10x | as long as short |
Gate COIN_USDT
Bitget COINUSDT
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter RH COIN
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
BloFin COIN-USDT
Phoenix COIN
Lighter COIN
edgeX COINUSDC