Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.020%
Price spread now: Bybit against Ondo Perps+0.114%47s7-day average +0.100% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 7 days+0.133%+$13 · spread now +0.114%, 7d avg +0.100%
=Together, before fees+0.163%+ Points / potential airdropOndo Perps: Active · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.100%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps COIN-USD.P | 201.91 | 0.0050 | pay 0.0006% / 1h | 26m 46s | $366K | $3.3M | 10x |
| Short | Bybit COINUSDT | 202.14 | 0 | get 0.0000% / 8h | 26m 46s | $5.0M | $5.9M | 50x |
Ondo Perps COIN-USD.P
Bybit COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Ondo Perps. 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
- −$10.58
- Price spread: +0.114% → +0.100%
- $1.4
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$25.19
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 1 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 1.73 bp | 13.1 bp −$13 | 33.5 bp −$335 | doesn't fit | doesn't fit |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 201.49 | −0.208% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.16 | +0.126% | $371K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 202.04 | +0.063% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 202.06 | +0.074% | $15.6M | $76.6M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 202.14 | +0.114% | $5.0M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.96 | +0.025% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 202.06 | +0.074% | $1.3M | $7.0M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.99 | +0.038% | $840K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.05 | +0.070% | $12K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0016% | 8h | 202.07 | +0.079% | $6.9M | $10.1M | 20x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 201.95 | +0.020% | $1.4M | $4.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 202.10 | +0.094% | $434K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.19 | +0.139% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.92 | +0.005% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 202.08 | +0.084% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.00 | +0.045% | $82 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.Plong | +0.0050% | 1h | 201.91 | long leg | $366K | $3.3M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.15 | +0.119% | $1.0M | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.96 | +0.025% | $91K | $328K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.06 | +0.074% | $584 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.08 | +0.083% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.03 | +0.059% | $201K | $341K | 20x | as long as short |
| Lighter COIN | +0.0144% | 1h | 202.07 | +0.081% | $377K | $2.0M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0203% | 1h | 202.06 | +0.074% | $16.6M | $13.2M | 10x | as long as short |
| Phoenix COIN | +0.0238% | 1h | 202.10 | +0.094% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0527% | 4h | 201.92 | +0.004% | $52K | $295K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Lighter COIN
tradeXYZ xyz:COIN
Phoenix COIN
edgeX COINUSDC