S

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0122%/8h= −13.3% APRnext payment −$0.61 per $10,000 · paid last 24h −0.099%

Price spread now: Orderly against Binance−0.229%7-day average −0.011% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.655%−$65 on $10k

Price spread, last 3 days (all we have)−0.306%−$31 · spread now −0.229%, 7d avg −0.011%

Together, before fees−0.960%−$96 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.218% cheaper against Binance than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSDT	0.03943	0.0100	pay 0.0050% / 4h	2h 56m	$5.4M	$25.6M	75x
Short	Orderly PERP_S_USDC	0.03934	−0.0022	pay 0.0011% / 4h	2h 56m	$101K	$339K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee OrderlybpOrdersPrice spread, now −0.229%Rate

Funding earned: −$25.52
Price spread: −0.229% → −0.011%: −$21.77
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$63.29
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 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 Binance live order book, 15 min ago	1.26 bp	24.8 bp −$25	74.0 bp −$740	2546.1 bp −$254.6K	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	−0.1448%	1h	0.03942	−0.019%	$33K	$33K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−2.968%	$47K	$5K	25x	as long as short
Variational Omni S	−0.1185%	4h	0.03967	+0.597%	$618K	$48K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0173% / S +0.0169%	1h	0.03938	−0.135%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03934	−0.240%	$4	—	15x	as long as short
01 Exchange SUSD	−0.0040%	1h	0.03930	−0.330%	$24K	$3K	5x	as long as short
Aster SUSDT	−0.0023%	4h	0.03946	+0.077%	$43K	$212K	10x	as long as short
Orderly PERP_S_USDCshort	−0.0022%	4h	0.03934	−0.229%	$101K	$339K	10x
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03938	−0.133%	$607	—	150x	as long as short
Hyperliquid S	+0.0008%	1h	0.03941	−0.039%	$994K	$974K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.981%	$2K	$37K	12x	as long as short
OKX S-USDT-SWAP	+0.0061%	4h	0.03940	−0.077%	$982K	$8.2M	20x	as long as short
Lighter S	+0.0096%	1h	0.03946	+0.075%	$165K	$240K	5x	as long as short
Binance SUSDTlong	+0.0100%	4h	0.03943	long leg	$5.4M	$25.6M	75x
Bybit SUSDT	+0.0100%	4h	0.03936	−0.178%	$5.6M	$6.8M	50x	as long as short
Gate S_USDT	+0.0100%	4h	0.03935	−0.204%	$322K	$290K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03943	−0.001%	$3.6M	$2.5M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03939	−0.102%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03943	−0.001%	$1.2M	$3.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03939	−0.102%	—	$6.8M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03950	+0.177%	$115K	$288K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03970	+0.684%	$26K	$476K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03941	−0.044%	$222K	$890K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0258%	1h	0.03939	−0.102%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03956	+0.329%	$201K	$203K	75x	as long as short