Funding you earn now, next payment 16:00 UTC+0.1898%/8h= +207.9% APRnext payment +$18.98 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Orderly+0.301%7-day average +0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.550%−$55 on $10k
+Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.301%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and Bybit is 0.286% dearer against Orderly than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.550%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.550% in total (about -28.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$18.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_EURUSD_USDC | 1.1439 | 0 | get 0.0000% / 8h | 7h 38m | $246K | $122K | 50x |
| Short | Bybit EURUSDUSDT | 1.1473 | 0.1898 | get 0.1898% / 8h | 7h 38m | $579K | $309K | 100x |
Orderly PERP_EURUSD_USDC
Bybit EURUSDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $398.67
- Price spread: +0.301% → +0.015%
- $28.58
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $410.24
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 51 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 Bybit live order book, 51 min ago | 6.14 bp | 14.7 bp −$15 | 38.6 bp −$386 | 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.
EUR on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0370% | 4h | 1.1444 | +0.044% | $6.8M | $139K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0131% | 1h | 1.1443 | +0.034% | $3K | — | 50x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1446 | +0.062% | $2.1M | $537K | 50x | as long as short |
| Orderly PERP_EURUSD_USDClong | 0.0000% | 8h | 1.1439 | long leg | $246K | $122K | 50x | |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1451 | +0.105% | — | $2.3M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1453 | +0.122% | $12K | $273K | 20x | as long as short |
| Bitget EURUSDUSDT | +0.0009% | 8h | 1.1470 | +0.271% | $263K | $25K | 100x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1437 | −0.014% | $6.8M | $1.4M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | +0.240% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1472 | +0.284% | — | $224K | 100x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Lighter EURUSD
SunX EURUSD-USDT
HTX EURUSD-USDT
Bitget EURUSDUSDT
Extended EUR-USD
Injective EURUSD/USDC PERP
Vest EUR-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica EURUSD | +0.0100% | 1h | 1.1438 | −0.007% | $191K | $60K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1443 | +0.039% | $12K | — | 10x | as long as short |
| Nado EURUSD-PERP | +0.0125% | 1h | 1.1443 | +0.034% | $465K | $159K | 40x | as long as short |
| Gate EURUSD_USDT | +0.0200% | 8h | 1.1460 | +0.184% | $143K | $3K | 100x | as long as short |
| tradeXYZ xyz:EUR | +0.0314% | 1h | 1.1448 | +0.079% | $23.2M | $1.8M | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0336% | 1h | 1.1454 | +0.131% | $33K | — | 50x | as long as short |
| Hibachi EUR/USDT-P | +0.0400% | 1h | 1.1443 | +0.038% | $162K | $8.4M | 30x | as long as short |
| Bybit EURUSDUSDTshort | +0.1898% | 8h | 1.1473 | +0.301% | $579K | $309K | 100x |
Pacifica EURUSD
Aevo EURUSD-PERP
Nado EURUSD-PERP
Gate EURUSD_USDT
tradeXYZ xyz:EUR
Hotstuff EURUSD-PERP
Hibachi EUR/USDT-P