Funding you earn now, next payment 04:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.17 per $10,000 · paid last 24h −0.090%
Price spread now: Orderly against Bitget0.000%7-day average −0.058% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.638%−$64 on $10k
+Price spread, last 4 days (all we have)−0.671%−$67 · spread now 0.000%, 7d avg −0.058%
=The price spread pays, funding is against you. Orderly is 0.058% dearer against Bitget than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.058%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 7 days (−0.638% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SUSDT | 0.04093 | 0.0100 | pay 0.0050% / 4h | 54m 21s | $1.2M | $2.1M | 50x |
| Short | Orderly PERP_S_USDC | 0.04093 | 0.0067 | get 0.0033% / 4h | 54m 21s | $102K | $308K | 10x |
Bitget SUSDT
Orderly PERP_S_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bitget. 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
- −$6.94
- Price spread: 0.000% → −0.058%
- $5.84
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$19.1
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 8.57 bp | 22.2 bp −$22 | 85.5 bp −$855 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −1.0080% | 1h | 0.03960 | −3.249% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2493% | 1h | 0.04094 | +0.028% | $34K | $13K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1376% | 1h | 0.04022 | −1.735% | $48K | $16K | 25x | as long as short |
| ApeX Omni SUSDT | −0.0333% | 1h | 0.04090 | −0.073% | $25K | $453K | 50x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04097 | +0.108% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04091 | −0.046% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0071% | 4h | 0.04095 | +0.057% | $634K | $31K | — | as long as short |
| Deribit S_USDC-PERPETUAL | 0.0000% | 1h | 0.04101 | +0.195% | $69K | $10K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04098 | +0.116% | $3K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +0.171% | $2K | $37K | 12x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
ApeX Omni SUSDT
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Variational Omni S
Deribit S_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_S_USDCshort | +0.0067% | 4h | 0.04093 | 0.000% | $102K | $308K | 10x | |
| Lighter S | +0.0096% | 1h | 0.04101 | +0.195% | $172K | $153K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.04095 | +0.056% | $1.0M | $546K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04095 | +0.049% | $45K | $133K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04092 | −0.025% | $5.7M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04089 | −0.098% | $5.9M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04092 | −0.024% | $1.1M | $4.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04092 | −0.024% | $335K | $186K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04092 | −0.024% | $4.0M | $1.7M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04093 | 0.000% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDTlong | +0.0100% | 4h | 0.04093 | long leg | $1.2M | $2.1M | 50x | |
| BingX S-USDT | +0.0100% | 4h | 0.04092 | −0.024% | — | $6.8M | — | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04093 | −0.005% | $230K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04089 | −0.098% | $283K | $99K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0341% | 1h | 0.04100 | +0.171% | $120K | $389K | 5x | as long as short |
Lighter S
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
BingX S-USDT
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP