Funding you earn now, next payment 00:00 UTC+0.1334%/8h= +146.1% APRnext payment +$6.67 per $10,000 · paid last 24h +0.123%
Price spread now: Binance against Orderly−0.014%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$40 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_M_USDC | 1.4447 | 0.0100 | pay 0.0050% / 4h | 9m 24s | $2K | $596 | 10x |
| Short | Binance MUSDT | 1.4445 | 0.1434 | get 0.0717% / 4h | 9m 24s | $5.5M | $4.8M | 10x |
Orderly PERP_M_USDC
Binance MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $280.16
- Price spread: −0.014% → 0.000%
- −$1.38
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $262.78
- Costs to cover
- 0.160%
- Break-even
- 0.4 days
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 14 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 Binance live order book, 14 min ago | 3.09 bp | 32.9 bp −$33 | 310.8 bp −$3,108 | 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 MUSDT | +0.0100% | 4h | 1.4439 | −0.055% | $4.6M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4417 | −0.208% | $1.9M | $953K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4438 | −0.062% | $1.9M | $355K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4440 | −0.049% | $90K | $43K | — | as long as short |
| Orderly PERP_M_USDClong | +0.0100% | 4h | 1.4447 | long leg | $2K | $596 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.4458 | +0.076% | $2K | $634K | 20x | as long as short |
| Aster MUSDT | +0.1013% | 4h | 1.4459 | +0.081% | $15K | $116K | 5x | as long as short |
| BingX M-USDT | +0.1330% | 4h | 1.4434 | −0.090% | — | $2.4M | — | as long as short |
| BloFin M-USDT | +0.1378% | 4h | 1.4448 | +0.007% | $353K | $429K | 10x | as long as short |
| MEXC M_USDT | +0.1414% | 4h | 1.4449 | +0.014% | $243K | $113K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
SunX M-USDT
Aster MUSDT
BingX M-USDT
BloFin M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDTshort | +0.1434% | 4h | 1.4445 | −0.014% | $5.5M | $4.8M | 10x | |
| KuCoin MUSDTM | +0.1744% | 4h | 1.4307 | −0.967% | $1.4M | $4.3M | 10x | as long as short |
KuCoin MUSDTM