Funding you earn now, next payment 10:00 UTC−0.0540%/8h= −59.1% APRpaid last 24h −0.162%
Price spread now: Injective against Orderly−0.580%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
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Injective is 0.580% cheaper against Orderly than usual: you would sell low and buy high (−$58 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_COIN_USDC_mythos | 198.26 | 0.0100 | pay 0.0100% / 8h | 6h 16m | $573 | $4K | 10x |
| Short | Injective COIN/USDC PERP | 197.11 | −0.0440 | pay 0.0055% / 1h | 16m 45s | $17K | $224K | 30x |
Orderly PERP_COIN_USDC_mythos
Injective COIN/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$113.4
- Price spread: −0.580% → 0.000%
- −$58
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$177.42
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Injective: live order book, 35 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 Injective live order book, 35 min ago | 24.06 bp | 24.1 bp −$24 | doesn't fit | 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.
COIN on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERPshort | −0.0440% | 1h | 197.11 | −0.580% | $17K | $224K | 30x | |
| Aster COINUSDT | 0.0000% | 8h | 198.04 | −0.112% | $345K | $871K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.99 | −0.137% | $108K | $851K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.02 | −0.119% | $14.5M | $76.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.04 | −0.111% | $4.6M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.01 | −0.126% | $3.1M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.06 | −0.101% | $1.2M | $6.6M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.09 | −0.086% | $6.4M | $9.8M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.13 | −0.063% | $769K | $921K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.08 | −0.091% | $21K | $3.1M | 10x | as long as short |
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 197.92 | −0.170% | $346K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.94 | −0.161% | $480K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 198.16 | −0.050% | $1.3M | $2.6M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.11 | −0.076% | $17K | $28K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.05 | −0.106% | — | $293K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.85 | −0.207% | $14.8M | $11.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.10 | −0.081% | $136K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.91 | −0.177% | $97 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.82 | −0.222% | $342K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.95 | −0.156% | $934K | $227K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.04 | −0.111% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythoslong | +0.0100% | 8h | 198.26 | long leg | $573 | $4K | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 198.10 | −0.082% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.98 | −0.141% | $192K | $490K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.94 | −0.161% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDC | +0.0225% | 4h | 198.04 | −0.110% | $51K | $294K | 10x | as long as short |
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
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