OP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.95 per $10,000 · paid last 24h −0.024%

Price spread now: Orderly against Bybit+0.103%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.103% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit OPUSDT	0.1261	−0.0041	get 0.0041% / 8h	7h 35m	$18.3M	$26.0M	75x
Short	Orderly PERP_OP_USDC	0.1262	0.0055	get 0.0055% / 8h	7h 35m	$6K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee OrderlybpOrdersPrice spread, now +0.103%Rate

Funding earned: $20.03
Price spread: +0.103% → 0.000%: $10.31
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: $13.34
Costs to cover: 0.170%
Break-even: 2.3 days

Slippage unknown: Bybit: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 3 min ago	0.40 bp	11.2 bp −$11	28.1 bp −$281	90.8 bp −$9,085	doesn'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.

OP on 30 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
Injective OP/USDC PERP	−0.1656%	1h	0.1257	−0.293%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1263	+0.178%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0352%	1h	0.1262	+0.103%	$21K	$64K	50x	as long as short
Bybit OPUSDTlong	−0.0041%	8h	0.1261	long leg	$18.3M	$26.0M	75x
dYdX OP-USD	0.0000%	1h	0.1262	+0.087%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1262	+0.103%	$42K	$171K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1263	+0.182%	—	—	150x	as long as short
Variational Omni OP	+0.0048%	8h	0.1261	+0.036%	$230K	$47K	—	as long as short
Orderly PERP_OP_USDCshort	+0.0055%	8h	0.1262	+0.103%	$6K	$48K	10x
Lighter OP	+0.0096%	1h	0.1262	+0.095%	$283K	$948K	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1262	+0.111%	$4.0M	$2.9M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1262	+0.120%	$211K	$236K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1262	+0.079%	$20.4M	$61.9M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1260	−0.024%	$6.1M	$29.9M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1262	+0.063%	$1.9M	$1.6M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1261	+0.032%	$20.1M	$7.3M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1261	+0.024%	$2.9M	$7.2M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1261	+0.024%	$6.0M	$6.4M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1261	+0.024%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1262	+0.071%	$121K	$189K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1263	+0.196%	$4K	$390K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1262	+0.098%	$320K	$5.0M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1264	+0.262%	$43K	$722K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1262	+0.119%	$181	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1263	+0.175%	$174K	$234K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1260	−0.029%	$101K	$377K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1262	+0.103%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1264	+0.278%	$1.0M	$276K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0384%	1h	0.1263	+0.194%	$797K	$754K	20x	as long as short
Reya OPRUSDPERP	+0.0438%	1h	0.1262	+0.089%	$702	—	20x	as long as short