Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Orderly−0.052%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 0.052% cheaper against Orderly than usual: you would sell low and buy high, −$5 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 | 1.3462 | 0.0100 | pay 0.0050% / 4h | 3h 51m | $2K | $510 | 10x |
| Short | Bybit MUSDT | 1.3455 | 0.0100 | get 0.0050% / 4h | 3h 51m | $4.2M | $1.7M | 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: −0.052% → 0.000%
- −$5.2
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$22.2
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 1 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, 1 min ago | 2.60 bp | 39.0 bp −$39 | 206.8 bp −$2,068 | 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 | 1.3455 | −0.052% | $4.2M | $1.7M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.3433 | −0.215% | $1.8M | $887K | 10x | as long as short |
| Orderly PERP_M_USDClong | +0.0100% | 4h | 1.3462 | long leg | $2K | $510 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.3465 | +0.022% | $2K | $884K | 20x | as long as short |
| Aster MUSDT | +0.0235% | 4h | 1.3454 | −0.057% | $12K | $83K | 5x | as long as short |
| Binance MUSDT | +0.0503% | 4h | 1.3454 | −0.059% | $5.3M | $3.9M | 10x | as long as short |
| MEXC M_USDT | +0.0510% | 4h | 1.3462 | 0.000% | $233K | $107K | 50x | as long as short |
| BloFin M-USDT | +0.0533% | 4h | 1.3486 | +0.178% | $344K | $445K | 10x | as long as short |
| Variational Omni M | +0.0969% | 4h | 1.3441 | −0.158% | $90K | $49K | — | as long as short |
| BingX M-USDT | +0.1176% | 4h | 1.3453 | −0.067% | — | $2.4M | — | as long as short |
Gate M_USDT
SunX M-USDT
Aster MUSDT
Binance MUSDT
MEXC M_USDT
BloFin M-USDT
Variational Omni M
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUSDT | +0.1236% | 4h | 1.3434 | −0.208% | $1.7M | $248K | 10x | as long as short |
| KuCoin MUSDTM | +0.2076% | 4h | 1.3339 | −0.914% | $1.3M | $3.6M | 10x | as long as short |
Bitget MUSDT
KuCoin MUSDTM