Funding you earn now, next payment 04:00 UTC−0.0737%/8h= −80.7% APRnext payment −$3.69 per $10,000 · paid last 24h −0.230%
Price spread now: Binance against Orderly+0.127%7-day average −0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.875%−$88 on $10k
+Price spread, last 3 days (all we have)−0.227%−$23 · spread now +0.127%, 7d avg −0.008%
=The price spread pays, funding is against you. Binance is 0.135% dearer against Orderly than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of −0.008%): +$13 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ORDER_USDC | 0.03968 | 0.0837 | pay 0.0419% / 4h | 2h 54m | $187K | $211K | 10x |
| Short | Binance ORDERUSDT | 0.03973 | 0.0100 | get 0.0050% / 4h | 2h 54m | $1.4M | $1.5M | 50x |
Orderly PERP_ORDER_USDC
Binance ORDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. 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
- −$154.83
- Price spread: +0.127% → −0.008%
- $13.46
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$157.37
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 8 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 8 min ago | 6.21 bp | 44.6 bp −$45 | 228.7 bp −$2,287 | doesn't fit | doesn't fit |
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 | +0.0076% | 8h | 0.03960 | −0.202% | $65K | $7K | 16x | as long as short |
| Binance ORDERUSDTshort | +0.0100% | 4h | 0.03973 | +0.127% | $1.4M | $1.5M | 50x | |
| Bybit ORDERUSDT | +0.0100% | 8h | 0.03962 | −0.151% | $1.3M | $587K | 20x | as long as short |
| OKX ORDER-USDT-SWAP | +0.0100% | 4h | 0.03971 | +0.076% | $161K | $270K | 20x | as long as short |
| Gate ORDER_USDT | +0.0100% | 4h | 0.03968 | 0.000% | $73K | $62K | 20x | as long as short |
| MEXC ORDER_USDT | +0.0100% | 4h | 0.03970 | +0.050% | $268K | $98K | 20x | as long as short |
| KuCoin ORDERUSDTM | +0.0100% | 4h | 0.03972 | +0.101% | $219K | $84K | 30x | as long as short |
| Bitget ORDERUSDT | +0.0100% | 4h | 0.03963 | −0.126% | $475K | $201K | 20x | as long as short |
| BingX ORDER-USDT | +0.0100% | 4h | 0.03968 | 0.000% | — | $1.3M | — | as long as short |
| Variational Omni ORDER | +0.0100% | 8h | 0.03962 | −0.154% | $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_USDClong | +0.0837% | 4h | 0.03968 | long leg | $187K | $211K | 10x |