Funding you earn now, next payment 08:00 UTC+0.1322%/8h= +144.8% APRnext payment +$6.61 per $10,000 · paid last 24h +0.542%
Price spread now: KuCoin against Orderly−0.865%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. KuCoin is 0.865% cheaper against Orderly than usual: you would sell low and buy high (spread −0.865% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$87 on $10k: about 2.2 days of funding at the current rate (+$40 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_M_USDC | 1.4262 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $2K | $510 | 10x |
| Short | KuCoin MUSDTM | 1.4139 | 0.1422 | get 0.0711% / 4h | 3h 55m | $1.4M | $3.9M | 10x |
Orderly PERP_M_USDC
KuCoin MUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $277.62
- Price spread: −0.865% → 0.000%
- −$86.52
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $173.1
- Costs to cover
- 0.180%
- Break-even
- 2.6 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago | 5.31 bp | 98.0 bp −$98 | 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 | 1.4283 | +0.147% | $4.4M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4264 | +0.014% | $1.9M | $862K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4280 | +0.126% | $1.8M | $252K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4272 | +0.067% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDClong | +0.0100% | 4h | 1.4262 | long leg | $2K | $510 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.4247 | −0.105% | $2K | $770K | 20x | as long as short |
| Aster MUSDT | +0.0360% | 4h | 1.4269 | +0.048% | $15K | $87K | 5x | as long as short |
| BingX M-USDT | +0.0510% | 4h | 1.4282 | +0.140% | — | $2.4M | — | as long as short |
| BloFin M-USDT | +0.0522% | 4h | 1.4277 | +0.105% | $361K | $449K | 10x | as long as short |
| MEXC M_USDT | +0.0524% | 4h | 1.4272 | +0.070% | $236K | $105K | 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 MUSDT | +0.0525% | 4h | 1.4283 | +0.147% | $5.6M | $3.8M | 10x | as long as short |
| KuCoin MUSDTMshort | +0.1422% | 4h | 1.4139 | −0.865% | $1.4M | $3.9M | 10x |
Binance MUSDT