Funding you earn now, next payment 04:00 UTC−0.1440%/8h= −157.7% APRnext payment −$7.20 per $10,000 · paid last 24h −0.163%
Price spread now: Orderly against BingX+0.165%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 0.165% dearer against BingX than usual: you sell high and buy low (spread +0.165% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX M-USDT | 1.4528 | 0.1540 | pay 0.0770% / 4h | 3h 43m | — | $2.4M | — |
| Short | Orderly PERP_M_USDC | 1.4552 | 0.0100 | get 0.0050% / 4h | 3h 43m | $2K | $596 | 10x |
BingX M-USDT
Orderly PERP_M_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against BingX. 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
- −$302.4
- Price spread: +0.165% → 0.000%
- $16.52
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$301.88
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 1 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 BingX live order book, 1 min ago | 5.85 bp | 19.4 bp −$19 | 78.5 bp −$785 | 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 | 1.4556 | +0.193% | $4.6M | $2.4M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4513 | −0.103% | $2.0M | $866K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4587 | +0.408% | $90K | $43K | — | as long as short |
| Orderly PERP_M_USDCshort | +0.0100% | 4h | 1.4552 | +0.165% | $2K | $596 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.4563 | +0.241% | $1K | $652K | 20x | as long as short |
| Bitget MUSDT | +0.0378% | 4h | 1.4551 | +0.158% | $1.9M | $354K | 10x | as long as short |
| Aster MUSDT | +0.1215% | 4h | 1.4536 | +0.055% | $15K | $116K | 5x | as long as short |
| BingX M-USDTlong | +0.1540% | 4h | 1.4528 | long leg | — | $2.4M | — | |
| MEXC M_USDT | +0.1626% | 4h | 1.4540 | +0.083% | $244K | $111K | 50x | as long as short |
| Binance MUSDT | +0.1628% | 4h | 1.4556 | +0.194% | $5.6M | $4.9M | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Variational Omni M
SunX M-USDT
Bitget MUSDT
Aster MUSDT
MEXC M_USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.1644% | 4h | 1.4593 | +0.447% | $355K | $437K | 10x | as long as short |
| KuCoin MUSDTM | +0.2626% | 4h | 1.4427 | −0.693% | $1.4M | $4.2M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM