Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.005828 | +0.0043 | pay 0.0022% / 4h | 2h 35m | $44K | $499K | 10x | Long Orderly | |
| SHORT | 0.005856 | +0.0100 | get 0.0013% / 1h | 35m 39s | $128K | $357K | 10x | Short Bulk |
Price gap+0.480%45s
Funding gap+0.0057% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.490% above its 7d average: +$49 more if it goes back.
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+0.0057% /8h now · paid +0.028% over the last 5 days (all we have)
Price—spread +0.480%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
Bulk price against Orderlynow
RANGE STATS · 7D
Now+0.480%
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 + $1,000Orderly 10x, Bulk 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.70Long Orderly: 6 payments, −$1.30; short Bulk: 24 payments, +$3.00.
- Watch: Prices read 45 s apart+0.480% vs −0.010%Part of this gap may be the market moving.
- Watch: Long leg is thinner$44K vs $128K 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 legOrderly No · Bulk NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0018%/8h × 21 periods+$3.68
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Orderly—
Fee Orderly bp × 2 orders−$6.00
Fee Bulk bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$9.32
price spread not counted: prices read too far apartCosts to cover0.130%Break-even24.8 days
Slippage: Orderly: no order-book sample; Bulk: live order book, 28 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOrderly—————
SELL · SHORTBulk1.085.8 bp−$67.7 bp−$77doesn’t fitdoesn’t fit
Closing costs about the same again.
Orderly: no data.
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