Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.005819 | +0.0100 | pay 0.0013% / 1h | 52m 32s | $127K | $348K | 10x | Long Bulk | |
| SHORT | 0.005821 | +0.0046 | get 0.0023% / 4h | 1h 52m | $44K | $490K | 10x | Short Orderly |
Price gap+0.034%45s
Funding gap−0.0054% /8h
The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 37 hours. At the last 7 days' pace that is about 4.7 days.
The two prices were read 45 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$3−0.0054% /8h now · paid −0.028% over the last 5 days (all we have)
Price—spread +0.034%45s now · prices read too far apart to compare
Costsno datano order book for Orderly
Result, before costs—no pointsneeds both prices read together
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Orderly price against Bulknow
RANGE STATS · 7D
Now+0.034%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPUMP on 42 exchanges
lowest funding firstBefore 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$1,000 + $1,000Bulk 10x, Orderly 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.62Long Bulk: 24 payments, −$3.00; short Orderly: 6 payments, +$1.38.
- Watch: Prices read 45 s apart+0.034% vs +0.010%Part of this gap may be the market moving.
- Watch: Short leg is thinner$44K vs $127K OIOrderly sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legBulk No · Orderly NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0017%/8h × 21 periods−$3.66
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Orderly—
Fee Bulk bp × 2 orders−$7.00
Fee Orderly bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$16.66
price spread not counted: prices read too far apartCosts to cover0.130%Break-evennever at this rate
Slippage: Bulk: live order book, 6 min ago; Orderly: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGBulk0.015.0 bp−$56.6 bp−$66doesn’t fitdoesn’t fit
SELL · SHORTOrderly—————
Closing costs about the same again.
Orderly: no data.
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