Settings8H · net · $10k
Funding arb · Price arb /

COIN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.005%
Price spread now: SoDEX against Orderly+0.025%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. SoDEX is 0.025% dearer against Orderly than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_COIN_USDC_mythos201.860.0100pay 0.0100% / 8h17m 00s$584$4K10x
ShortSoDEX COIN-USD201.910.0050get 0.0006% / 1h17m 00s$85$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Orderly. 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

Funding earned
−$10.5
Price spread: +0.025% → 0.000%
$2.48
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$22.02
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell SoDEX no order-book sample
Orderly and SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective COIN/USDC PERP−0.0440%1h201.40−0.228%$44K$49K30xas long as short
Aster COINUSDT0.0000%8h201.92+0.032%$370K$839K20xas long as short
Extended COIN_24_5-USD0.0000%1h201.86+0.002%$119K$446K10xas long as short
Binance COINUSDT0.0000%8h201.90+0.019%$15.6M$76.6M20xas long as short
Bybit COINUSDT0.0000%8h201.93+0.035%$5.0M$5.9M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h201.89+0.015%$3.3M$4.7M20xas long as short
Gate COIN_USDT0.0000%8h201.90+0.020%$1.3M$7.0M50xas long as short
Variational Omni COIN0.0000%8h201.89+0.016%$840K$1.1Mas long as short
GRVT COIN_USDT_Perp0.0000%8h202.03+0.084%$12K$2.0M10xas long as short
Bitget COINUSDT+0.0001%8h201.99+0.064%$6.9M$10.1M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX COIN-USD+0.0032%1h201.84−0.010%$1.4M$4.0M10xas long as short
Lighter RH COIN+0.0032%1h201.90+0.020%$435K$1.8M10xas long as short
Arcus COIN-USD+0.0040%1h202.07+0.104%$16K$55K5xas long as short
Vest COIN-USD-PERP+0.0046%1h201.83−0.015%$513K25xas long as short
Polymarket Perps COIN-USD+0.0050%1h201.83−0.015%$129K$1.2M10xas long as short
SoDEX COIN-USDshort+0.0050%1h201.91+0.025%$85$3K10x
Ondo Perps COIN-USD.P+0.0050%1h201.81−0.025%$361K$3.3M10xas long as short
Lighter COIN+0.0080%1h201.93+0.034%$377K$2.0M10xas long as short
KuCoin COINUSDTM+0.0100%8h201.96+0.050%$1.0M$138K20xas long as short
ApeX Omni COINUSDT+0.0100%1h201.89+0.015%$91K$310K50xas long as short
Orderly PERP_COIN_USDC_mythoslong+0.0100%8h201.86long leg$584$4K10x
Aevo COIN-PERP+0.0104%1h201.88+0.009%$11910xas long as short
BloFin COIN-USDT+0.0120%8h201.87+0.005%$200K$342K20xas long as short
tradeXYZ xyz:COIN+0.0140%1h201.87+0.005%$16.6M$13.2M10xas long as short
Phoenix COIN+0.0238%1h201.85−0.005%$5K$279K10xas long as short
edgeX COINUSDC+0.0427%4h201.94+0.038%$52K$294K10xas long as short