Funding you earn now, next payment 08:00 UTC−0.0459%/8h= −50.3% APRnext payment −$2.30 per $10,000 · paid last 24h −0.217%
Price spread now: KuCoin against Orderly+0.025%7-day average −0.075% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.751%−$75 on $10k
+Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.025%, 7d avg −0.075%
=The price spread pays, funding is against you. KuCoin is 0.099% dearer against Orderly than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.075%): +$10 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ORDER_USDC | 0.04063 | 0.0559 | pay 0.0280% / 4h | 1h 58m | $190K | $170K | 10x |
| Short | KuCoin ORDERUSDTM | 0.04064 | 0.0100 | get 0.0050% / 4h | 1h 58m | $225K | $69K | 30x |
Orderly PERP_ORDER_USDC
KuCoin ORDERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$96.45
- Price spread: +0.025% → −0.075%
- $9.93
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$104.52
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 58 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 KuCoin live order book, 58 min ago | 13.66 bp | 247.3 bp −$247 | doesn't fit | 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 | +0.0077% | 8h | 0.04049 | −0.345% | $64K | $6K | 16x | as long as short |
| Binance ORDERUSDT | +0.0100% | 4h | 0.04061 | −0.049% | $1.4M | $1.9M | 50x | as long as short |
| Bybit ORDERUSDT | +0.0100% | 8h | 0.04052 | −0.271% | $1.3M | $734K | 20x | as long as short |
| OKX ORDER-USDT-SWAP | +0.0100% | 4h | 0.04054 | −0.222% | $171K | $263K | 20x | as long as short |
| Gate ORDER_USDT | +0.0100% | 4h | 0.04066 | +0.074% | $76K | $35K | 20x | as long as short |
| MEXC ORDER_USDT | +0.0100% | 4h | 0.04064 | +0.025% | $271K | $102K | 20x | as long as short |
| KuCoin ORDERUSDTMshort | +0.0100% | 4h | 0.04064 | +0.025% | $225K | $69K | 30x | |
| Bitget ORDERUSDT | +0.0100% | 4h | 0.04055 | −0.197% | $483K | $204K | 20x | as long as short |
| BingX ORDER-USDT | +0.0100% | 4h | 0.04056 | −0.172% | — | $1.3M | — | as long as short |
| Variational Omni ORDER | +0.0100% | 8h | 0.04052 | −0.265% | $10K | $2K | — | as long as short |
BloFin ORDER-USDT
Binance ORDERUSDT
Bybit ORDERUSDT
OKX ORDER-USDT-SWAP
Gate ORDER_USDT
MEXC ORDER_USDT
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 | +0.0559% | 4h | 0.04063 | long leg | $190K | $170K | 10x |