Funding you earn now, next payment 04:00 UTC−0.0555%/8h= −60.7% APRnext payment −$2.77 per $10,000 · paid last 24h −0.232%
Price spread now: OKX against Orderly−0.074%7-day average −0.057% · 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)−0.090%−$9 · spread now −0.074%, 7d avg −0.057%
=The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: −$17 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 | 0.04060 | 0.0655 | pay 0.0327% / 4h | 27m 11s | $192K | $160K | 10x |
| Short | OKX ORDER-USDT-SWAP | 0.04057 | 0.0100 | get 0.0050% / 4h | 27m 11s | $168K | $323K | 20x |
Orderly PERP_ORDER_USDC
OKX ORDER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$116.5
- Price spread: −0.074% → −0.057%
- −$1.7
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$134.2
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; OKX: live order book, 28 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 OKX live order book, 28 min ago | 6.13 bp | 81.9 bp −$82 | 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 | +0.0094% | 8h | 0.04056 | −0.099% | $65K | $7K | 16x | as long as short |
| Binance ORDERUSDT | +0.0100% | 4h | 0.04061 | +0.013% | $1.4M | $1.9M | 50x | as long as short |
| Bybit ORDERUSDT | +0.0100% | 8h | 0.04047 | −0.320% | $1.3M | $730K | 20x | as long as short |
| OKX ORDER-USDT-SWAPshort | +0.0100% | 4h | 0.04057 | −0.074% | $168K | $323K | 20x | |
| Gate ORDER_USDT | +0.0100% | 4h | 0.04057 | −0.074% | $76K | $60K | 20x | as long as short |
| MEXC ORDER_USDT | +0.0100% | 4h | 0.04058 | −0.049% | $274K | $100K | 20x | as long as short |
| KuCoin ORDERUSDTM | +0.0100% | 4h | 0.04059 | −0.025% | $226K | $87K | 30x | as long as short |
| Bitget ORDERUSDT | +0.0100% | 4h | 0.04055 | −0.123% | $482K | $253K | 20x | as long as short |
| BingX ORDER-USDT | +0.0100% | 4h | 0.04056 | −0.099% | — | $1.3M | — | as long as short |
| Variational Omni ORDER | +0.0100% | 8h | 0.04054 | −0.141% | $10K | $2K | — | as long as short |
BloFin ORDER-USDT
Binance ORDERUSDT
Bybit ORDERUSDT
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 | +0.0655% | 4h | 0.04060 | long leg | $192K | $160K | 10x |