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: Bybit against Orderly−0.061%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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.061% cheaper against Orderly than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_COIN_USDC_mythos | 195.86 | 0.0100 | pay 0.0100% / 8h | 7h 48m | $566 | $4K | 10x |
| Short | Bybit COINUSDT | 195.74 | 0 | get 0.0000% / 8h | 7h 48m | $4.7M | $6.1M | 50x |
Orderly PERP_COIN_USDC_mythos
Bybit COINUSDTFunding 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
- −$21
- Price spread: −0.061% → 0.000%
- −$6.13
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$44.13
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 4 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, 4 min ago | 2.55 bp | 12.3 bp −$12 | 27.9 bp −$279 | 166.6 bp −$16.7K | 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.
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 | 195.36 | −0.255% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0235% | 8h | 195.93 | +0.036% | $6.3M | $10.4M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0052% | 1h | 195.36 | −0.255% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.86 | 0.000% | $342K | $890K | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 195.74 | −0.061% | $4.7M | $6.1M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.73 | −0.066% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.86 | 0.000% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.08 | +0.114% | $660K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.74 | −0.059% | $21K | $2.9M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 195.77 | −0.047% | $361K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH COIN | +0.0032% | 1h | 195.77 | −0.046% | $467K | $1.3M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.95 | +0.046% | $17K | $57K | 5x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 195.82 | −0.020% | $1.3M | $2.8M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0048% | 1h | 195.79 | −0.035% | $106K | $860K | 10x | as long as short |
| Binance COINUSDT | +0.0048% | 8h | 195.80 | −0.031% | $14.9M | $82.0M | 20x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.71 | −0.077% | $15.2M | $12.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.63 | −0.117% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.80 | −0.031% | $75 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.62 | −0.123% | $432K | $2.6M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.65 | −0.107% | $985K | $165K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.61 | −0.128% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythoslong | +0.0100% | 8h | 195.86 | long leg | $566 | $4K | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 195.83 | −0.013% | $116 | — | 10x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 195.91 | +0.026% | $4K | $283K | 10x | as long as short |
| BloFin COIN-USDT | +0.0168% | 8h | 195.88 | +0.010% | $187K | $435K | 20x | as long as short |
| edgeX COINUSDC | +0.0601% | 4h | 195.62 | −0.120% | $50K | $295K | 10x | as long as short |
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
Extended COIN_24_5-USD
Binance COINUSDT
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Aevo COIN-PERP
Phoenix COIN
BloFin COIN-USDT
edgeX COINUSDC