Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.019%
Price spread now: Orderly against tradeXYZ+0.046%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
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.046% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 197.10 | 0.0050 | pay 0.0006% / 1h | 46m 38s | $15.6M | $13.4M | 10x |
| Short | Orderly PERP_COIN_USDC_mythos | 197.19 | 0.0100 | get 0.0100% / 8h | 5h 46m | $570 | $4K | 10x |
tradeXYZ xyz:COIN
Orderly PERP_COIN_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against tradeXYZ. 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: +0.046% → 0.000%
- $4.57
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$8.93
- Costs to cover
- 0.240%
- Break-even
- 13.0 days
Slippage unknown: tradeXYZ: live order book, 2 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 tradeXYZ live order book, 2 min ago | 1.01 bp | 10.9 bp −$11 | 16.9 bp −$169 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0767% | 8h | 197.25 | +0.076% | $6.3M | $10.1M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.18 | +0.041% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0158% | 8h | 197.13 | +0.015% | $1.2M | $7.0M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0091% | 1h | 196.71 | −0.198% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.18 | +0.042% | $348K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.07 | −0.016% | $119K | $691K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.24 | +0.071% | $15.1M | $78.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.23 | +0.066% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.26 | +0.081% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.61 | +0.257% | $818K | $905K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
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 | 197.63 | +0.269% | $14K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.09 | −0.005% | $1.3M | $3.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.10 | −0.001% | $370K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.08 | −0.010% | $449K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.27 | +0.086% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 197.10 | long leg | $15.6M | $13.4M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.09 | −0.005% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.09 | −0.005% | $88 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.06 | −0.020% | $350K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.14 | +0.020% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.16 | +0.030% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythosshort | +0.0100% | 8h | 197.19 | +0.046% | $570 | $4K | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 197.14 | +0.020% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.10 | 0.000% | — | $389K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.44 | +0.173% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0349% | 4h | 197.26 | +0.080% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC