Funding arb · Price arb /

COIN

RWAall COIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.011%

Price spread now: Orderly against tradeXYZ+0.087%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Orderly

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.087% dearer against tradeXYZ than usual: you sell high and buy low: +$9 more if the spread 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	tradeXYZ xyz:COIN	195.75	0.0050	pay 0.0006% / 1h	31m 15s	$15.1M	$13.0M	10x
Short	Orderly PERP_COIN_USDC_mythos	195.92	0.0100	get 0.0100% / 8h	31m 15s	$567	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against tradeXYZ. 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 tradeXYZbpFee OrderlybpOrdersPrice spread, now +0.087%Rate

Funding earned: $10.5
Price spread: +0.087% → 0.000%: $8.68
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$4.82
Costs to cover: 0.240%
Break-even: 10.2 days

Slippage unknown: tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago	0.76 bp	10.7 bp −$11	12.6 bp −$126	doesn't fit	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.

COIN on 26 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 COIN/USDC PERP	−0.0440%	1h	195.85	+0.051%	$43K	$48K	30x	as long as short
Bitget COINUSDT	−0.0342%	8h	196.14	+0.199%	$6.4M	$10.6M	20x	as long as short
Vest COIN-USD-PERP	−0.0043%	1h	195.47	−0.143%	—	$326K	25x	as long as short
Aster COINUSDT	0.0000%	8h	195.80	+0.025%	$342K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	195.90	+0.076%	$106K	$861K	10x	as long as short
Binance COINUSDT	0.0000%	8h	195.94	+0.098%	$15.0M	$82.2M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	195.94	+0.097%	$4.7M	$6.2M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	195.80	+0.026%	$3.0M	$4.7M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	195.94	+0.097%	$1.2M	$7.4M	50x	as long as short
Variational Omni COIN	0.0000%	8h	195.93	+0.090%	$712K	$974K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	195.86	+0.054%	$22K	$2.8M	10x	as long as short
Lighter COIN	+0.0032%	1h	195.89	+0.074%	$363K	$2.3M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	195.88	+0.066%	$463K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.11	+0.184%	$17K	$58K	5x	as long as short
tradeXYZ xyz:COINlong	+0.0050%	1h	195.75	long leg	$15.1M	$13.0M	10x
Polymarket Perps COIN-USD	+0.0050%	1h	195.82	+0.036%	$134K	$1.4M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	195.89	+0.072%	$100	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	195.76	+0.005%	$445K	$2.8M	10x	as long as short
QFEX COIN-USD	+0.0065%	1h	195.93	+0.092%	$1.3M	$2.9M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	195.80	+0.026%	$986K	$137K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	195.77	+0.010%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythosshort	+0.0100%	8h	195.92	+0.087%	$567	$4K	10x
Aevo COIN-PERP	+0.0104%	1h	195.88	+0.067%	$116	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	195.97	+0.112%	$188K	$436K	20x	as long as short
edgeX COINUSDC	+0.0120%	4h	195.93	+0.092%	$50K	$296K	10x	as long as short
Phoenix COIN	+0.0163%	1h	195.80	+0.026%	$4K	$283K	10x	as long as short