TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.000004604+0.0080pay 0.0080% / 8h6h 57m$42K$232K20xLong Orderly
SHORT0.000004603+0.0100get 0.0013% / 1h57m 51s$242K$868K10xShort Polymarket Perps
Price gap−0.026%
Funding gap+0.0020% /8h

Funding pays +$1 a day on $10k, but the gap is 0.070% under its 7d average: −$7 if it goes back, about 12 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$8+0.0020% /8h now · paid −0.078% over the last 7D
Price−$7spread −0.026% now, avg +0.044% → −0.070% if it goes back
Costsno datano order book for Orderly
Result, before costs−$15−0.15%no pointscosts unknown: no order book for Orderly · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.026%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PEPE on 39 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Note: Order book unknown—
    No order-book sample for Orderly: its slippage is not counted.
  • Note: Margin at max leverage$500 + $1,000
    Orderly 20x, Polymarket Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$0.60Long Orderly: 3 payments, −$2.40; short Polymarket Perps: 24 payments, +$3.00.
  • Watch: Gap narrower than usual−0.026% vs +0.044%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$42K vs $242K OI
    Orderly sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • OK: No KYC on either legOrderly No · Polymarket Perps No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0037%/8h × 21 periods−$7.81
Price spread−0.026% → +0.044% (7d avg)−$7.03
Slippage, 4 ordersno data for Orderly—
Fee Orderly bp × 2 orders−$6.00
Fee Polymarket Perps bp × 2 orders−$8.00
Net, fees only · 7 days · $10k−$28.84
Costs to cover0.140%Break-evennever at this rate
Slippage: Orderly: no order-book sample; Polymarket Perps: live order book, 24 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOrderly—————
SELL · SHORTPolymarket Perps11.2015.2 bp−$1528.8 bp−$288doesn’t fitdoesn’t fit

Closing costs about the same again.
Orderly: no data.

Alert

PEPE news

posts that mention PEPE, from every exchangeSearch all news →
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09-24 15:00PhoenixListingnew market kPEPE ($PEPE) seen by our collector
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