Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Orderly−0.126%7-day average — · you buy dearer than you sell
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.126% cheaper against Orderly than usual: you would sell low and buy high, −$13 on $10k if it 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 | Orderly PERP_M_USDC | 1.5044 | 0.0100 | pay 0.0050% / 4h | 6m 39s | $2K | $139 | 10x |
| Short | Bybit MUSDT | 1.5025 | 0.0100 | get 0.0050% / 4h | 6m 39s | $4.7M | $2.3M | 20x |
Orderly PERP_M_USDC
Bybit MUSDTFunding 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
- $0
- Price spread: −0.126% → 0.000%
- −$12.63
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$29.63
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, just now. 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, just now | 2.00 bp | 41.7 bp −$42 | 274.3 bp −$2,743 | 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.
M on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDTshort | +0.0100% | 4h | 1.5025 | −0.126% | $4.7M | $2.3M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.5013 | −0.206% | $2.0M | $926K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.5035 | −0.060% | $1.9M | $348K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.5005 | −0.256% | $92K | $42K | — | as long as short |
| Orderly PERP_M_USDClong | +0.0100% | 4h | 1.5044 | long leg | $2K | $139 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.5026 | −0.120% | $1K | $522K | 20x | as long as short |
| Aster MUSDT | +0.0476% | 4h | 1.5034 | −0.066% | $16K | $117K | 5x | as long as short |
| BingX M-USDT | +0.0622% | 4h | 1.5033 | −0.073% | — | $2.4M | — | as long as short |
| BloFin M-USDT | +0.0622% | 4h | 1.5045 | +0.007% | $262K | $425K | 10x | as long as short |
| MEXC M_USDT | +0.0662% | 4h | 1.5043 | −0.007% | $253K | $116K | 50x | as long as short |
Gate M_USDT
Bitget MUSDT
Variational Omni M
SunX M-USDT
Aster MUSDT
BingX M-USDT
BloFin M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.0675% | 4h | 1.5044 | −0.003% | $5.6M | $4.6M | 10x | as long as short |
| KuCoin MUSDTM | +0.1240% | 4h | 1.4843 | −1.339% | $1.4M | $4.3M | 10x | as long as short |
Binance MUSDT
KuCoin MUSDTM