Funding you earn now, next payment 04:00 UTC+0.0620%/8h= +67.9% APRnext payment +$3.10 per $10,000 · paid last 24h +0.222%
Price spread now: Orderly against BingX+0.073%7-day average +0.107% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.820%+$82 on $10k
+Price spread, last 4 days (all we have)+0.309%+$31 · spread now +0.073%, 7d avg +0.107%
=Funding pays, the price is against you. Orderly is 0.035% cheaper against BingX than usual: you would sell low and buy high (spread +0.073% now, against its 7-day average of +0.107%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$19 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORDER-USDT | 0.04134 | 0.0100 | pay 0.0050% / 4h | 1h 18m | — | $1.3M | — |
| Short | Orderly PERP_ORDER_USDC | 0.04137 | 0.0720 | get 0.0360% / 4h | 1h 18m | $195K | $198K | 10x |
BingX ORDER-USDT
Orderly PERP_ORDER_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against BingX. 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
- $130.13
- Price spread: +0.073% → +0.107%
- −$3.48
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $110.65
- Costs to cover
- 0.160%
- Break-even
- 1.0 days
Slippage unknown: BingX: live order book, 3 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 BingX live order book, 3 min ago | 6.05 bp | 43.0 bp −$43 | 142.9 bp −$1,429 | 680.2 bp −$68.0K | 901.0 bp −$450.5K |
| 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 | +0.0094% | 8h | 0.04122 | −0.290% | $66K | $7K | 16x | as long as short |
| Binance ORDERUSDT | +0.0100% | 4h | 0.04136 | +0.046% | $1.4M | $1.8M | 50x | as long as short |
| Bybit ORDERUSDT | +0.0100% | 8h | 0.04126 | −0.194% | $1.3M | $710K | 20x | as long as short |
| OKX ORDER-USDT-SWAP | +0.0100% | 4h | 0.04135 | +0.024% | $172K | $323K | 20x | as long as short |
| Gate ORDER_USDT | +0.0100% | 4h | 0.04131 | −0.073% | $78K | $65K | 20x | as long as short |
| MEXC ORDER_USDT | +0.0100% | 4h | 0.04135 | +0.024% | $279K | $100K | 20x | as long as short |
| KuCoin ORDERUSDTM | +0.0100% | 4h | 0.04134 | 0.000% | $233K | $87K | 30x | as long as short |
| Bitget ORDERUSDT | +0.0100% | 4h | 0.04131 | −0.073% | $494K | $236K | 20x | as long as short |
| BingX ORDER-USDTlong | +0.0100% | 4h | 0.04134 | long leg | — | $1.3M | — | |
| Variational Omni ORDER | +0.0100% | 8h | 0.04122 | −0.285% | $11K | $2K | — | as long as short |
BloFin ORDER-USDT
Binance ORDERUSDT
Bybit ORDERUSDT
OKX ORDER-USDT-SWAP
Gate ORDER_USDT
MEXC ORDER_USDT
KuCoin ORDERUSDTM
Bitget ORDERUSDT
Variational Omni ORDERShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ORDER_USDCshort | +0.0720% | 4h | 0.04137 | +0.073% | $195K | $198K | 10x |