Funding you earn now, next payment 04:00 UTC−0.1144%/8h= −125.3% APRnext payment −$5.72 per $10,000 · paid last 24h −0.055%
Price spread now: Orderly against Gate−0.251%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
Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Orderly is 0.251% cheaper against Gate than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OPN_USDT | 0.05183 | 0.1244 | pay 0.0622% / 4h | 2h 06m | $207K | $160K | 50x |
| Short | Orderly PERP_OPN_USDC_mythos | 0.05170 | 0.0100 | get 0.0050% / 4h | 2h 06m | $3K | $5K | 10x |
Gate OPN_USDT
Orderly PERP_OPN_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Gate. 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
- −$240.24
- Price spread: −0.251% → 0.000%
- −$25.08
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$286.32
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 54 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 Gate live order book, 54 min ago | 8.73 bp | 36.4 bp −$36 | doesn't fit | 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.
OPN on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPN_USDC-PERPETUAL | +0.0040% | 1h | 0.05178 | −0.100% | — | — | 10x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05179 | −0.077% | $718K | $2.9M | 20x | as long as short |
| OKX OPN-USDT-SWAP | +0.0100% | 4h | 0.05181 | −0.039% | $801K | $3.2M | 20x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05181 | −0.039% | $140K | $79K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05177 | −0.116% | $593K | $187K | 20x | as long as short |
| Orderly PERP_OPN_USDC_mythosshort | +0.0100% | 4h | 0.05170 | −0.251% | $3K | $5K | 10x | |
| SunX OPN-USDT | +0.0100% | 4h | 0.05290 | +2.064% | $2K | $1.4M | 20x | as long as short |
| Binance OPNUSDT | +0.0155% | 4h | 0.05179 | −0.083% | $3.6M | $5.8M | 25x | as long as short |
| MEXC OPN_USDT | +0.0180% | 4h | 0.05179 | −0.077% | $817K | $344K | 50x | as long as short |
| BingX OPN-USDT | +0.0188% | 4h | 0.05179 | −0.077% | — | $1.6M | — | as long as short |
Deribit OPN_USDC-PERPETUAL
Bybit OPNUSDT
OKX OPN-USDT-SWAP
KuCoin OPNUSDTM
Bitget OPNUSDT
SunX OPN-USDT
Binance OPNUSDT
MEXC OPN_USDT
BingX OPN-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPNUSDT | +0.0232% | 4h | 0.05180 | −0.064% | $7K | $14K | 5x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1128% | 1h | 0.05237 | +1.044% | $14K | $5K | 50x | as long as short |
| Gate OPN_USDTlong | +0.1244% | 4h | 0.05183 | long leg | $207K | $160K | 50x | |
| Kraken Futures PF_OPNUSD | +0.2657% | 1h | 0.05128 | −1.057% | $2K | $4K | 20x | as long as short |
Aster OPNUSDT
Coinbase International OPN-PERP-INTX
Kraken Futures PF_OPNUSD