Funding you earn now, next payment 08:00 UTC+0.0396%/8h= +43.3% APRnext payment +$1.98 per $10,000 · paid last 24h +0.221%
Price spread now: Orderly against MEXC+0.175%7-day average +0.037% · you sell dearer than you buy
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)−0.012%−$1 · spread now +0.175%, 7d avg +0.037%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Orderly is 0.138% dearer against MEXC than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ORDER_USDT | 0.04003 | 0.0100 | pay 0.0050% / 4h | 2h 38m | $270K | $100K | 20x |
| Short | Orderly PERP_ORDER_USDC | 0.04010 | 0.0496 | get 0.0248% / 4h | 2h 38m | $187K | $157K | 10x |
MEXC ORDER_USDT
Orderly PERP_ORDER_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against MEXC. 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
- $83.07
- Price spread: +0.175% → +0.037%
- $13.76
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $86.83
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 56 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 MEXC live order book, 56 min ago | 2.45 bp | 20.8 bp −$21 | 85.5 bp −$855 | 261.0 bp −$26.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ORDERUSDT | +0.0100% | 4h | 0.04004 | +0.031% | $1.3M | $1.9M | 50x | as long as short |
| Bybit ORDERUSDT | +0.0100% | 8h | 0.03992 | −0.275% | $1.3M | $753K | 20x | as long as short |
| OKX ORDER-USDT-SWAP | +0.0100% | 4h | 0.03994 | −0.225% | $167K | $284K | 20x | as long as short |
| Gate ORDER_USDT | +0.0100% | 4h | 0.03998 | −0.125% | $76K | $37K | 20x | as long as short |
| MEXC ORDER_USDTlong | +0.0100% | 4h | 0.04003 | long leg | $270K | $100K | 20x | |
| KuCoin ORDERUSDTM | +0.0100% | 4h | 0.04005 | +0.050% | $221K | $81K | 30x | as long as short |
| Bitget ORDERUSDT | +0.0100% | 4h | 0.03998 | −0.125% | $477K | $256K | 20x | as long as short |
| BingX ORDER-USDT | +0.0100% | 4h | 0.03997 | −0.150% | — | $1.3M | — | as long as short |
| Variational Omni ORDER | +0.0100% | 8h | 0.04012 | +0.221% | $10K | $2K | — | as long as short |
| BloFin ORDER-USDT | +0.0120% | 8h | 0.04010 | +0.175% | $64K | $7K | 16x | as long as short |
Binance ORDERUSDT
Bybit ORDERUSDT
OKX ORDER-USDT-SWAP
Gate ORDER_USDT
KuCoin ORDERUSDTM
Bitget ORDERUSDT
BingX ORDER-USDT
Variational Omni ORDER
BloFin ORDER-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ORDER_USDCshort | +0.0496% | 4h | 0.04010 | +0.175% | $187K | $157K | 10x |