Funding you earn now, next payment 04:00 UTC+0.1468%/8h= +160.7% APRnext payment +$7.34 per $10,000 · paid last 24h +0.163%
Price spread now: BingX against Orderly−0.374%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
Funding pays, the price is against you. BingX is 0.374% cheaper against Orderly than usual: you would sell low and buy high (spread −0.374% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 20 hours of funding at the current rate (+$44 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_M_USDC | 1.4158 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $2K | $496 | 10x |
| Short | BingX M-USDT | 1.4105 | 0.1568 | get 0.0784% / 4h | 2h 32m | — | $2.4M | — |
Orderly PERP_M_USDC
BingX M-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $308.28
- Price spread: −0.374% → 0.000%
- −$37.43
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $254.85
- Costs to cover
- 0.160%
- Break-even
- 1.2 days
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 7 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 BingX live order book, 7 min ago | 7.39 bp | 24.5 bp −$24 | 102.3 bp −$1,023 | 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 11 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 | 1.4116 | −0.297% | $4.4M | $1.9M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4119 | −0.275% | $1.9M | $883K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4150 | −0.058% | $88K | $43K | — | as long as short |
| Orderly PERP_M_USDClong | +0.0100% | 4h | 1.4158 | long leg | $2K | $496 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.4178 | +0.141% | $2K | $697K | 20x | as long as short |
| Bitget MUSDT | +0.0132% | 4h | 1.4125 | −0.233% | $1.8M | $244K | 10x | as long as short |
| Aster MUSDT | +0.1282% | 4h | 1.4138 | −0.138% | $16K | $93K | 5x | as long as short |
| BingX M-USDTshort | +0.1568% | 4h | 1.4105 | −0.374% | — | $2.4M | — | |
| MEXC M_USDT | +0.1642% | 4h | 1.4128 | −0.212% | $237K | $107K | 50x | as long as short |
| Binance MUSDT | +0.1644% | 4h | 1.4117 | −0.290% | $5.5M | $3.8M | 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 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MUSDTM | +0.3398% | 4h | 1.4012 | −1.033% | $1.4M | $4.0M | 10x | as long as short |
KuCoin MUSDTM