S

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.036%

Price spread now: Orderly against KuCoin+0.136%7-day average +0.030% · you sell dearer than you buy

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.625%−$62 on $10k

Price spread, last 4 days (all we have)−0.595%−$59 · spread now +0.136%, 7d avg +0.030%

Together, before fees−1.220%−$122 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.106% dearer against KuCoin than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.030%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.625% in total) that is about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSDTM	0.04403	0.0100	pay 0.0050% / 4h	3h 10m	$2.1M	$2.8M	50x
Short	Orderly PERP_S_USDC	0.04409	0.0066	get 0.0033% / 4h	3h 10m	$110K	$643K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against KuCoin. 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 KuCoinbpFee OrderlybpOrdersPrice spread, now +0.136%Rate

Funding earned: −$7.1
Price spread: +0.136% → +0.030%: $10.65
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.46
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	7.92 bp	117.0 bp −$117	361.2 bp −$3,612	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	−0.2574%	1h	0.04408	+0.112%	$37K	$21K	10x	as long as short
01 Exchange SUSD	−0.2152%	1h	0.04450	+1.067%	$27K	$3K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04308	−2.158%	$53K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04412	+0.202%	$2K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04394	−0.204%	$4	—	15x	as long as short
Variational Omni S	−0.0093%	4h	0.04390	−0.300%	$682K	$7K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04399	−0.102%	$678	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−6.882%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDCshort	+0.0066%	4h	0.04409	+0.136%	$110K	$643K	10x
Lighter S	+0.0096%	1h	0.04412	+0.204%	$154K	$149K	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	0.04415	+0.277%	$1.1M	$761K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04405	+0.045%	$47K	$189K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04409	+0.136%	$6.5M	$17.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04400	−0.068%	$6.3M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04404	+0.023%	$1.3M	$5.3M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04409	+0.136%	$375K	$234K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04408	+0.114%	$4.5M	$2.5M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.04403	long leg	$2.1M	$2.8M	50x
Bitget SUSDT	+0.0100%	4h	0.04408	+0.114%	$1.3M	$2.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04406	+0.068%	—	$7.0M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04420	+0.386%	$26K	$515K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04407	+0.092%	$242K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04401	−0.045%	$318K	$120K	75x	as long as short
Backpack S_USDC_PERP	+0.0855%	1h	0.04420	+0.386%	$104K	$472K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0884%	1h	0.04415	+0.273%	$74K	$512	10x	as long as short