Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.2% APRnext payment −$0.15 per $10,000 · paid last 24h +0.023%
Price spread now: Orderly against Aster−0.003%7-day average −0.080% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)−0.134%−$13 on $10k
+Price spread, last 3 days (all we have)−0.428%−$43 · spread now −0.003%, 7d avg −0.080%
=Together, before fees−0.562%+ Points / potential airdropAster: Stage 5 · farm board−$56 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.076% dearer against Aster than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.080%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.6 days. At the pace of the last 5 days (−0.134% in total) that is about 3.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SUSDT | 0.03937 | 0.0015 | pay 0.0008% / 4h | 2h 17m | $43K | $212K | 10x |
| Short | Orderly PERP_S_USDC | 0.03937 | −0.0015 | pay 0.0007% / 4h | 2h 17m | $99K | $341K | 10x |
Aster SUSDT
Orderly PERP_S_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Aster. 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
- −$6.22
- Price spread: −0.003% → −0.080%
- $7.62
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$12.6
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 4 min ago; Orderly: no order-book sample. 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 Aster live order book, 4 min ago | 10.19 bp | 33.8 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1451% | 1h | 0.03933 | −0.100% | $33K | $30K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1264% | 1h | 0.03826 | −2.823% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0936% | 4h | 0.03921 | −0.415% | $610K | $34K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0190% / S +0.0184% | 1h | 0.03937 | +0.007% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03933 | −0.097% | $4 | — | 15x | as long as short |
| Orderly PERP_S_USDCshort | −0.0015% | 4h | 0.03937 | −0.003% | $99K | $341K | 10x | |
| 01 Exchange SUSD | 0.0000% | 1h | 0.03930 | −0.181% | $24K | $3K | 5x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03937 | +0.003% | $607 | — | 150x | as long as short |
| Aster SUSDTlong | +0.0015% | 4h | 0.03937 | long leg | $43K | $212K | 10x | |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.137% | $2K | $37K | 12x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
01 Exchange SUSD
gTrade (Gains Network) S/USD
Injective S/USDC PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter S | +0.0096% | 1h | 0.03937 | −0.003% | $165K | $240K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03934 | −0.085% | $994K | $899K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03934 | −0.068% | $5.4M | $23.4M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03928 | −0.232% | $5.6M | $6.3M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03935 | −0.054% | $980K | $7.3M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03930 | −0.181% | $321K | $292K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03934 | −0.080% | $3.5M | $2.6M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03930 | −0.181% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03935 | −0.054% | $1.2M | $3.0M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03932 | −0.130% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03930 | −0.181% | $25K | $471K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03933 | −0.104% | $221K | $883K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0330% | 1h | 0.03940 | +0.073% | $115K | $294K | 5x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03927 | −0.257% | $267K | $159K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0512% | 1h | 0.03942 | +0.124% | $66K | $10K | 10x | as long as short |
Lighter S
Hyperliquid S
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Backpack S_USDC_PERP
BloFin S-USDT
Deribit S_USDC-PERPETUAL