Funding you earn now, next payment 00:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h −0.039%
Price spread now: Orderly against Phoenix+0.020%66s7-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
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 66 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 | Phoenix COIN | 201.51 | 0.0237 | pay 0.0030% / 1h | 36m 10s | $5K | $279K | 10x |
| Short | Orderly PERP_COIN_USDC_mythos | 201.55 | 0.0100 | get 0.0100% / 8h | 7h 36m | $583 | $4K | 10x |
Phoenix COIN
Orderly PERP_COIN_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Phoenix. 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
- −$28.84
- Price spread: +0.020% → 0.000%
- $1.99
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$39.85
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 32 min ago; Orderly: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phoenix live order book, 32 min ago | 3.46 bp | 12.0 bp −$12 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | 201.40 | −0.055% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.51 | +0.001% | $369K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.58 | +0.033% | $122K | $717K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.62 | +0.055% | $15.8M | $75.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.50 | −0.005% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.51 | 0.000% | $3.3M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.59 | +0.040% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.64 | +0.065% | $6.9M | $9.2M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.58 | +0.037% | $838K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.55 | +0.018% | $14K | $2.0M | 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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0021% | 1h | 201.53 | +0.010% | $1.4M | $3.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.42 | −0.045% | $433K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.64 | +0.065% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.31 | −0.099% | — | $290K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.49 | −0.010% | $16.6M | $12.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.49 | −0.010% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.57 | +0.030% | $102 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.38 | −0.065% | $357K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.67 | +0.079% | $1.0M | $135K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.47 | −0.020% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythosshort | +0.0100% | 8h | 201.55 | +0.020% | $583 | $4K | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 201.55 | +0.018% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.59 | +0.040% | $199K | $339K | 20x | as long as short |
| Lighter COIN | +0.0128% | 1h | 201.46 | −0.026% | $375K | $1.8M | 10x | as long as short |
| Phoenix COINlong | +0.0237% | 1h | 201.51 | long leg | $5K | $279K | 10x | |
| edgeX COINUSDC | +0.0404% | 4h | 201.53 | +0.008% | $52K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Aevo COIN-PERP
BloFin COIN-USDT
Lighter COIN
edgeX COINUSDC