Funding you earn now, next payment 00:00 UTC+0.0795%/8h= +87.1% APRnext payment +$3.98 per $10,000 · paid last 24h +0.217%
Price spread now: Orderly against OKX+0.126%7-day average +0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.846%+$85 on $10k
+Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.126%, 7d avg +0.056%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Orderly is 0.070% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.056%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ORDER-USDT-SWAP | 0.03977 | 0.0100 | pay 0.0050% / 4h | 1h 11m | $161K | $295K | 20x |
| Short | Orderly PERP_ORDER_USDC | 0.03982 | 0.0895 | get 0.0448% / 4h | 1h 11m | $188K | $215K | 10x |
OKX ORDER-USDT-SWAP
Orderly PERP_ORDER_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against OKX. 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
- $166.99
- Price spread: +0.126% → +0.056%
- $7
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $157.99
- Costs to cover
- 0.160%
- Break-even
- 0.4 days
Slippage unknown: OKX: 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 OKX live order book, 3 min ago | 2.51 bp | 82.2 bp −$82 | 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.
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 | 0.03983 | +0.155% | $1.4M | $1.5M | 50x | as long as short |
| Bybit ORDERUSDT | +0.0100% | 8h | 0.03971 | −0.151% | $1.3M | $594K | 20x | as long as short |
| OKX ORDER-USDT-SWAPlong | +0.0100% | 4h | 0.03977 | long leg | $161K | $295K | 20x | |
| Gate ORDER_USDT | +0.0100% | 4h | 0.03979 | +0.050% | $73K | $79K | 20x | as long as short |
| MEXC ORDER_USDT | +0.0100% | 4h | 0.03982 | +0.126% | $269K | $102K | 20x | as long as short |
| KuCoin ORDERUSDTM | +0.0100% | 4h | 0.03981 | +0.101% | $220K | $88K | 30x | as long as short |
| Bitget ORDERUSDT | +0.0100% | 4h | 0.03977 | 0.000% | $477K | $198K | 20x | as long as short |
| Variational Omni ORDER | +0.0100% | 8h | 0.03972 | −0.138% | $10K | $2K | — | as long as short |
| BloFin ORDER-USDT | +0.0126% | 8h | 0.03969 | −0.201% | $66K | $7K | 16x | as long as short |
| BingX ORDER-USDT | +0.0200% | 4h | 0.03978 | +0.025% | — | $1.3M | — | as long as short |
Binance ORDERUSDT
Bybit ORDERUSDT
Gate ORDER_USDT
MEXC ORDER_USDT
KuCoin ORDERUSDTM
Bitget ORDERUSDT
Variational Omni ORDER
BloFin ORDER-USDT
BingX ORDER-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ORDER_USDCshort | +0.0895% | 4h | 0.03982 | +0.126% | $188K | $215K | 10x |