Funding you earn now, next payment 00:00 UTC−0.0909%/8h= −99.5% APRnext payment −$4.54 per $10,000 · paid last 24h −0.123%
Price spread now: Orderly against Binance+0.125%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Orderly is 0.125% dearer against Binance than usual: you sell high and buy low (spread +0.125% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUSDT | 1.4525 | 0.1009 | pay 0.0504% / 4h | 1h 17m | $5.5M | $4.5M | 10x |
| Short | Orderly PERP_M_USDC | 1.4543 | 0.0100 | get 0.0050% / 4h | 1h 17m | $2K | $596 | 10x |
Binance MUSDT
Orderly PERP_M_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Binance. 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
- −$190.88
- Price spread: +0.125% → 0.000%
- $12.48
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$194.4
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 6 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 Binance live order book, 6 min ago | 0.69 bp | 35.3 bp −$35 | 409.8 bp −$4,098 | 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.
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 MUSDT | +0.0100% | 4h | 1.4528 | +0.022% | $4.6M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4500 | −0.171% | $1.9M | $911K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4545 | +0.139% | $1.9M | $352K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4506 | −0.132% | $89K | $42K | — | as long as short |
| Orderly PERP_M_USDCshort | +0.0100% | 4h | 1.4543 | +0.125% | $2K | $596 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.4541 | +0.111% | $2K | $569K | 20x | as long as short |
| Aster MUSDT | +0.0665% | 4h | 1.4543 | +0.128% | $14K | $114K | 5x | as long as short |
| KuCoin MUSDTM | +0.0778% | 4h | 1.4367 | −1.084% | $1.4M | $4.4M | 10x | as long as short |
| BingX M-USDT | +0.0942% | 4h | 1.4534 | +0.063% | — | $2.4M | — | as long as short |
| BloFin M-USDT | +0.0970% | 4h | 1.4542 | +0.118% | $349K | $412K | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
SunX M-USDT
Aster MUSDT
KuCoin MUSDTM
BingX M-USDT
BloFin M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.0990% | 4h | 1.4539 | +0.097% | $248K | $112K | 50x | as long as short |
| Binance MUSDTlong | +0.1009% | 4h | 1.4525 | long leg | $5.5M | $4.5M | 10x |
MEXC M_USDT