Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.010%
Price spread now: Polymarket Perps against Orderly−0.188%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 −$2 a day on $10k at the current rate, and Polymarket Perps is 0.188% cheaper against Orderly than usual: you would sell low and buy high (−$19 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 | 197.11 | 0.0100 | pay 0.0100% / 8h | 6h 54m | $570 | $4K | 10x |
| Short | Polymarket Perps COIN-USD | 196.74 | 0.0050 | get 0.0006% / 1h | 54m 29s | $135K | $1.4M | 10x |
Orderly PERP_COIN_USDC_mythos
Polymarket Perps COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$10.5
- Price spread: −0.188% → 0.000%
- −$18.77
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$43.27
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: 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 Polymarket Perps live order book, 4 min ago | 2.78 bp | 9.0 bp −$9 | 9.3 bp −$93 | doesn't fit | 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 | 197.18 | +0.036% | $17K | $224K | 30x | as long as short |
| Ondo Perps COIN-USD.P | −0.0153% | 1h | 196.75 | −0.183% | $380K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:COIN | −0.0016% | 1h | 196.87 | −0.122% | $14.8M | $12.0M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0016% | 1h | 196.73 | −0.193% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.37 | +0.130% | $344K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.13 | +0.010% | $4.6M | $5.7M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.16 | +0.025% | $3.1M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 196.97 | −0.071% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.01 | −0.051% | $6.4M | $10.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.57 | +0.232% | $670K | $831K | — | as long as short |
Injective COIN/USDC PERP
Ondo Perps COIN-USD.P
tradeXYZ xyz:COIN
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.88 | +0.391% | $15K | $3.0M | 10x | as long as short |
| Binance COINUSDT | +0.0012% | 8h | 197.12 | +0.005% | $14.6M | $79.2M | 20x | as long as short |
| Extended COIN_24_5-USD | +0.0016% | 1h | 196.72 | −0.198% | $105K | $848K | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.66 | −0.228% | $343K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.70 | −0.208% | $470K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 196.84 | −0.137% | $1.3M | $2.7M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.97 | −0.071% | $17K | $37K | 5x | as long as short |
| Polymarket Perps COIN-USDshort | +0.0050% | 1h | 196.74 | −0.188% | $135K | $1.4M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 197.01 | −0.051% | $80 | $3K | 10x | as long as short |
| BloFin COIN-USDT | +0.0072% | 8h | 197.12 | +0.005% | $189K | $487K | 20x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.91 | −0.101% | $929K | $231K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.85 | +0.375% | $89K | $280K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythoslong | +0.0100% | 8h | 197.11 | long leg | $570 | $4K | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 197.07 | −0.023% | $116 | — | 10x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 197.73 | +0.315% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDC | +0.0887% | 4h | 197.67 | +0.286% | $51K | $293K | 10x | as long as short |
GRVT COIN_USDT_Perp
Binance COINUSDT
Extended COIN_24_5-USD
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
SoDEX COIN-USD
BloFin COIN-USDT
KuCoin COINUSDTM
ApeX Omni COINUSDT
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC