Funding you earn now, next payment 08:00 UTC+0.0410%/8h= +44.9% APRnext payment +$2.05 per $10,000 · paid last 24h +0.221%
Price spread now: Orderly against Binance−0.025%7-day average −0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.893%+$89 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.025%, 7d avg −0.004%
=Funding pays, the price is against you. Orderly is 0.020% cheaper against Binance than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of −0.004%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$12 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORDERUSDT | 0.04031 | 0.0100 | pay 0.0050% / 4h | 2h 42m | $1.4M | $1.9M | 50x |
| Short | Orderly PERP_ORDER_USDC | 0.04030 | 0.0510 | get 0.0255% / 4h | 2h 42m | $188K | $152K | 10x |
Binance ORDERUSDT
Orderly PERP_ORDER_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Binance. 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
- $86.18
- Price spread: −0.025% → −0.004%
- −$2.03
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $68.14
- Costs to cover
- 0.160%
- Break-even
- 1.5 days
Slippage unknown: Binance: live order book, 6 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 Binance live order book, 6 min ago | 4.94 bp | 30.2 bp −$30 | 229.8 bp −$2,298 | 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.
ORDER 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ORDER-USDT | +0.0075% | 8h | 0.04017 | −0.347% | $64K | $7K | 16x | as long as short |
| Binance ORDERUSDTlong | +0.0100% | 4h | 0.04031 | long leg | $1.4M | $1.9M | 50x | |
| Bybit ORDERUSDT | +0.0100% | 8h | 0.04018 | −0.323% | $1.3M | $752K | 20x | as long as short |
| OKX ORDER-USDT-SWAP | +0.0100% | 4h | 0.04023 | −0.198% | $169K | $285K | 20x | as long as short |
| Gate ORDER_USDT | +0.0100% | 4h | 0.04027 | −0.099% | $76K | $37K | 20x | as long as short |
| MEXC ORDER_USDT | +0.0100% | 4h | 0.04031 | 0.000% | $273K | $100K | 20x | as long as short |
| KuCoin ORDERUSDTM | +0.0100% | 4h | 0.04034 | +0.074% | $223K | $81K | 30x | as long as short |
| Bitget ORDERUSDT | +0.0100% | 4h | 0.04023 | −0.198% | $480K | $255K | 20x | as long as short |
| BingX ORDER-USDT | +0.0100% | 4h | 0.04023 | −0.198% | — | $1.3M | — | as long as short |
| Variational Omni ORDER | +0.0100% | 8h | 0.04018 | −0.315% | $10K | $2K | — | as long as short |
BloFin ORDER-USDT
Bybit ORDERUSDT
OKX ORDER-USDT-SWAP
Gate ORDER_USDT
MEXC ORDER_USDT
KuCoin ORDERUSDTM
Bitget ORDERUSDT
BingX ORDER-USDT
Variational Omni ORDERShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ORDER_USDCshort | +0.0510% | 4h | 0.04030 | −0.025% | $188K | $152K | 10x |