Settings8H · net · $10k
Funding arb · Price arb /

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0659%/8h= +72.2% APRnext payment +$6.59 per $10,000 · paid last 24h +0.029%
Price spread now: Orderly against Bitget−0.061%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Orderly is 0.061% cheaper against Bitget than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$20 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget COINUSDT197.80−0.0559get 0.0559% / 8h6h 16m$6.5M$10.1M20x
ShortOrderly PERP_COIN_USDC_mythos197.680.0100get 0.0100% / 8h6h 16m$572$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. 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

Funding earned
$138.39
Price spread: −0.061% → 0.000%
−$6.07
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
$114.32
Costs to cover
0.180%
Break-even
1.2 days
Slippage unknown: Bitget: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago1.77 bp12.3 bp −$1220.5 bp −$205doesn't fitdoesn'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 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget COINUSDTlong−0.0559%8h197.80long leg$6.5M$10.1M20x
Injective COIN/USDC PERP−0.0440%1h197.10−0.354%$43K$48K30xas long as short
Vest COIN-USD-PERP−0.0048%1h197.30−0.253%$290K25xas long as short
Gate COIN_USDT−0.0020%8h197.72−0.040%$1.2M$7.0M50xas long as short
Aster COINUSDT0.0000%8h198.00+0.103%$366K$856K20xas long as short
Extended COIN_24_5-USD0.0000%1h197.66−0.069%$117K$694K10xas long as short
Binance COINUSDT0.0000%8h197.71−0.046%$14.8M$77.8M20xas long as short
Bybit COINUSDT0.0000%8h197.75−0.025%$4.9M$5.9M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h197.72−0.040%$3.1M$4.6M20xas long as short
Variational Omni COIN0.0000%8h197.75−0.026%$819K$939Kas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perp0.0000%8h197.57−0.116%$14K$2.1M10xas long as short
QFEX COIN-USD+0.0028%1h197.76−0.020%$1.3M$3.6M10xas long as short
Lighter COIN+0.0032%1h197.66−0.068%$378K$2.0M10xas long as short
Lighter RH COIN+0.0032%1h197.65−0.076%$437K$1.5M10xas long as short
Arcus COIN-USD+0.0040%1h197.82+0.010%$16K$53K5xas long as short
tradeXYZ xyz:COIN+0.0050%1h197.69−0.056%$15.8M$13.5M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h197.68−0.061%$125K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h197.63−0.086%$94$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h197.56−0.121%$351K$3.0M10xas long as short
KuCoin COINUSDTM+0.0100%8h197.73−0.035%$996K$144K20xas long as short
ApeX Omni COINUSDT+0.0100%1h197.60−0.101%$89K$286K50xas long as short
Orderly PERP_COIN_USDC_mythosshort+0.0100%8h197.68−0.061%$572$4K10x
Aevo COIN-PERP+0.0104%1h197.67−0.065%$11710xas long as short
Phoenix COIN+0.0160%1h197.75−0.025%$5K$251K10xas long as short
edgeX COINUSDC+0.0503%4h197.53−0.137%$51K$295K10xas long as short