Funding you earn now, next payment 04:00 UTC−0.0620%/8h= −67.9% APRnext payment −$3.10 per $10,000 · paid last 24h −0.232%
Price spread now: Bitget against Orderly−0.193%7-day average −0.176% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.875%−$88 on $10k
+Price spread, last 4 days (all we have)−0.189%−$19 · spread now −0.193%, 7d avg −0.176%
=The price spread sits at its 7-day average of −0.176%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ORDER_USDC | 0.04138 | 0.0720 | pay 0.0360% / 4h | 1h 19m | $195K | $198K | 10x |
| Short | Bitget ORDERUSDT | 0.04130 | 0.0100 | get 0.0050% / 4h | 1h 19m | $494K | $236K | 20x |
Orderly PERP_ORDER_USDC
Bitget ORDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$130.13
- Price spread: −0.193% → −0.176%
- −$1.75
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$149.88
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 37 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 Bitget live order book, 37 min ago | 11.00 bp | 51.1 bp −$51 | 387.9 bp −$3,879 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ORDERUSDT | +0.0100% | 4h | 0.04136 | −0.048% | $1.4M | $1.8M | 50x | as long as short |
| Bybit ORDERUSDT | +0.0100% | 8h | 0.04130 | −0.193% | $1.3M | $709K | 20x | as long as short |
| OKX ORDER-USDT-SWAP | +0.0100% | 4h | 0.04133 | −0.121% | $171K | $322K | 20x | as long as short |
| Gate ORDER_USDT | +0.0100% | 4h | 0.04131 | −0.169% | $78K | $65K | 20x | as long as short |
| MEXC ORDER_USDT | +0.0100% | 4h | 0.04139 | +0.024% | $280K | $100K | 20x | as long as short |
| KuCoin ORDERUSDTM | +0.0100% | 4h | 0.04134 | −0.097% | $233K | $86K | 30x | as long as short |
| Bitget ORDERUSDTshort | +0.0100% | 4h | 0.04130 | −0.193% | $494K | $236K | 20x | |
| BingX ORDER-USDT | +0.0100% | 4h | 0.04134 | −0.097% | — | $1.3M | — | as long as short |
| Variational Omni ORDER | +0.0100% | 8h | 0.04122 | −0.381% | $11K | $2K | — | as long as short |
| BloFin ORDER-USDT | +0.0127% | 8h | 0.04122 | −0.387% | $66K | $7K | 16x | as long as short |
Binance ORDERUSDT
Bybit ORDERUSDT
OKX ORDER-USDT-SWAP
Gate ORDER_USDT
MEXC ORDER_USDT
KuCoin ORDERUSDTM
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_USDClong | +0.0720% | 4h | 0.04138 | long leg | $195K | $198K | 10x |