Funding you earn now, next payment 00:00 UTC+0.0822%/8h= +90.0% APRnext payment +$4.11 per $10,000 · paid last 24h +0.117%
Price spread now: BloFin against Orderly−0.205%52s7-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. BloFin is 0.205% cheaper against Orderly than usual: you would sell low and buy high (spread −0.205% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 20 hours of funding at the current rate (+$25 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_M_USDC | 1.4656 | 0.0100 | pay 0.0050% / 4h | 1h 42m | $2K | $596 | 10x |
| Short | BloFin M-USDT | 1.4626 | 0.0922 | get 0.0461% / 4h | 1h 42m | $352K | $407K | 10x |
Orderly PERP_M_USDC
BloFin M-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $172.54
- Price spread: −0.205% → 0.000%
- −$20.47
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $134.07
- Costs to cover
- 0.180%
- Break-even
- 1.6 days
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 38 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 BloFin live order book, 38 min ago | 0.34 bp | 18.5 bp −$18 | doesn't fit | 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 | 1.4634 | −0.150% | $4.6M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4627 | −0.198% | $2.0M | $891K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4651 | −0.034% | $1.9M | $347K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4617 | −0.265% | $90K | $42K | — | as long as short |
| Orderly PERP_M_USDClong | +0.0100% | 4h | 1.4656 | long leg | $2K | $596 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.4665 | +0.061% | $1K | $556K | 20x | as long as short |
| Aster MUSDT | +0.0543% | 4h | 1.4653 | −0.023% | $15K | $116K | 5x | as long as short |
| BingX M-USDT | +0.0816% | 4h | 1.4624 | −0.218% | — | $2.4M | — | as long as short |
| KuCoin MUSDTM | +0.0856% | 4h | 1.4531 | −0.854% | $1.4M | $4.4M | 10x | as long as short |
| MEXC M_USDT | +0.0866% | 4h | 1.4644 | −0.082% | $245K | $110K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
SunX M-USDT
Aster MUSDT
BingX M-USDT
KuCoin MUSDTM
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.0868% | 4h | 1.4638 | −0.123% | $5.5M | $4.5M | 10x | as long as short |
| BloFin M-USDTshort | +0.0922% | 4h | 1.4626 | −0.205% | $352K | $407K | 10x |
Binance MUSDT