Funding arb · Price arb /

COIN

RWAall COIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.023%

Price spread now: Orderly against Vest+0.303%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Orderly

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Orderly is 0.303% dearer against Vest than usual: you sell high and buy low: +$30 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	Vest COIN-USD-PERP	194.81	−0.0101	get 0.0013% / 1h	46m 06s	—	$289K	25x
Short	Orderly PERP_COIN_USDC_mythos	195.40	0.0100	get 0.0100% / 8h	1h 46m	$565	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Vest. 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

Position, each leg$Hold fordaysFee VestbpFee OrderlybpOrdersPrice spread, now +0.303%Rate

Funding earned: $42.18
Price spread: +0.303% → 0.000%: $30.29
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Orderly: 3 bp × 2 orders: −$6
Net: $64.47
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Vest and 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	−0.0676%	8h	195.60	+0.406%	$6.3M	$10.7M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	195.59	+0.400%	$43K	$48K	30x	as long as short
Vest COIN-USD-PERPlong	−0.0101%	1h	194.81	long leg	—	$289K	25x
Gate COIN_USDT	−0.0034%	8h	195.49	+0.349%	$1.2M	$7.3M	50x	as long as short
Aster COINUSDT	0.0000%	8h	195.49	+0.349%	$341K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	195.42	+0.311%	$112K	$849K	10x	as long as short
Binance COINUSDT	0.0000%	8h	195.46	+0.334%	$15.0M	$82.4M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	195.44	+0.323%	$4.7M	$6.3M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	195.45	+0.329%	$3.0M	$4.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	195.70	+0.458%	$709K	$959K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	195.69	+0.454%	$15K	$2.7M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	195.43	+0.318%	$455K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	195.72	+0.467%	$15K	$54K	5x	as long as short
QFEX COIN-USD	+0.0045%	1h	195.45	+0.329%	$1.3M	$3.0M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	195.32	+0.262%	$129K	$1.4M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	195.47	+0.339%	$84	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	195.33	+0.267%	$447K	$2.9M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	195.31	+0.257%	$984K	$137K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	195.48	+0.344%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythosshort	+0.0100%	8h	195.40	+0.303%	$565	$4K	10x
Aevo COIN-PERP	+0.0104%	1h	195.45	+0.330%	$115	—	10x	as long as short
tradeXYZ xyz:COIN	+0.0116%	1h	195.36	+0.282%	$15.2M	$13.8M	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	195.54	+0.375%	$188K	$423K	20x	as long as short
Lighter COIN	+0.0160%	1h	195.41	+0.310%	$359K	$2.3M	10x	as long as short
Phoenix COIN	+0.0163%	1h	195.67	+0.441%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0389%	4h	195.64	+0.426%	$51K	$296K	10x	as long as short