S

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.092%

Price spread now: Orderly against Gate+0.075%7-day average +0.031% · you sell dearer than you buy

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

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.714%−$71 on $10k

Price spread, last 3 days (all we have)−0.105%−$10 · spread now +0.075%, 7d avg +0.031%

Together, before fees−0.818%−$82 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.044% dearer against Gate than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.031%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 48 hours. At the pace of the last 7 days (−0.714% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate S_USDT	0.03983	0.0100	pay 0.0050% / 4h	3h 20m	$325K	$218K	50x
Short	Orderly PERP_S_USDC	0.03986	0.0026	get 0.0013% / 4h	3h 20m	$102K	$331K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now +0.075%Rate

Funding earned: −$15.52
Price spread: +0.075% → +0.031%: $4.43
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$32.09
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 50 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 Gate live order book, 50 min ago	8.92 bp	74.4 bp −$74	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
01 Exchange SUSD	−0.2272%	1h	0.03990	+0.176%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2027%	1h	0.03986	+0.067%	$34K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1240%	1h	0.03959	−0.603%	$49K	$5K	25x	as long as short
Variational Omni S	−0.0762%	4h	0.03982	−0.016%	$619K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03988	+0.126%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03992	+0.236%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03988	+0.130%	$615	—	150x	as long as short
Orderly PERP_S_USDCshort	+0.0026%	4h	0.03986	+0.075%	$102K	$331K	10x
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.937%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03994	+0.276%	$163K	$192K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03995	+0.304%	$999K	$618K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03990	+0.167%	$44K	$141K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03996	+0.320%	$5.5M	$15.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03990	+0.176%	$5.7M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03992	+0.226%	$982K	$4.6M	20x	as long as short
Gate S_USDTlong	+0.0100%	4h	0.03983	long leg	$325K	$218K	50x
MEXC S_USDT	+0.0100%	4h	0.03995	+0.301%	$3.7M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03994	+0.276%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03996	+0.326%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03992	+0.226%	—	$6.7M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03990	+0.176%	$116K	$324K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03990	+0.176%	$26K	$445K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03991	+0.209%	$224K	$1.2M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03987	+0.100%	$270K	$126K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0753%	1h	0.03992	+0.226%	$67K	$10K	10x	as long as short