Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.002%
Price spread now: tradeXYZ against Orderly+0.081%7-day average — · you sell dearer than you buy
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
=The price spread pays, funding is against you. tradeXYZ is 0.081% dearer against Orderly than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_COIN_USDC_mythos | 198.49 | 0.0100 | pay 0.0100% / 8h | 4h 57m | $574 | $4K | 10x |
| Short | tradeXYZ xyz:COIN | 198.65 | 0.0050 | get 0.0006% / 1h | 57m 33s | $14.7M | $11.1M | 10x |
Orderly PERP_COIN_USDC_mythos
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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: +0.081% → 0.000%
- $8.06
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$26.44
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago | 0.75 bp | 11.4 bp −$11 | 16.3 bp −$163 | 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 exchanges
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 | 197.59 | −0.453% | $17K | $222K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.85 | +0.182% | $346K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.73 | +0.121% | $105K | $864K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.94 | +0.226% | $14.7M | $74.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 199.01 | +0.262% | $4.7M | $5.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 199.07 | +0.292% | $3.1M | $4.2M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.96 | +0.237% | $1.2M | $6.1M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 199.19 | +0.353% | $6.4M | $9.4M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.82 | +0.167% | $785K | $901K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.82 | +0.166% | $22K | $3.3M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 198.75 | +0.131% | $345K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.76 | +0.136% | $484K | $1.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0033% | 1h | 199.04 | +0.277% | $1.3M | $2.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 199.09 | +0.302% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.86 | +0.186% | — | $277K | 25x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 198.65 | +0.081% | $14.7M | $11.1M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.93 | +0.222% | $122K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.62 | +0.065% | $89 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.61 | +0.060% | $324K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 198.58 | +0.045% | $5K | $256K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.66 | +0.086% | $937K | $255K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.62 | +0.065% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythoslong | +0.0100% | 8h | 198.49 | long leg | $574 | $4K | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 198.56 | +0.034% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.04 | +0.277% | $195K | $482K | 20x | as long as short |
| edgeX COINUSDC | +0.0252% | 4h | 198.70 | +0.105% | $51K | $292K | 10x | as long as short |
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC