Funding you earn now, next payment 12:00 UTC−0.0122%/8h= −13.4% APRnext payment −$0.61 per $10,000 · paid last 24h −0.047%
Price spread now: Orderly against MEXC+0.087%7-day average −0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.592%−$59 on $10k
+Price spread, last 4 days (all we have)−0.408%−$41 · spread now +0.087%, 7d avg −0.031%
=The price spread pays, funding is against you. Orderly is 0.119% dearer against MEXC than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of −0.031%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.592% in total) that is about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC S_USDT | 0.04580 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $4.5M | $3.0M | 200x |
| Short | Orderly PERP_S_USDC | 0.04584 | −0.0022 | pay 0.0011% / 4h | 1h 57m | $114K | $646K | 10x |
MEXC S_USDT
Orderly PERP_S_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against MEXC. 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
- −$25.62
- Price spread: +0.087% → −0.031%
- $11.86
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$23.76
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: MEXC: 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 MEXC live order book, 3 min ago | 1.09 bp | 4.0 bp −$4 | 50.2 bp −$502 | 653.5 bp −$65.4K | 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 exchanges
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 | −1.1064% | 1h | 0.04440 | −3.057% | $27K | $3K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.4583% | 1h | 0.04579 | −0.022% | $39K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1904% | 1h | 0.04128 | −9.869% | $50K | $18K | 25x | as long as short |
| Variational Omni S | −0.0647% | 4h | 0.04544 | −0.788% | $704K | $7K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04614 | +0.751% | $2K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04579 | −0.030% | $5 | — | 15x | as long as short |
| Orderly PERP_S_USDCshort | −0.0022% | 4h | 0.04584 | +0.087% | $114K | $646K | 10x | |
| Deribit S_USDC-PERPETUAL | 0.0000% | 1h | 0.04589 | +0.197% | $77K | $512 | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04588 | +0.175% | $706 | — | 150x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04581 | +0.022% | $159K | $141K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Deribit S_USDC-PERPETUAL
gTrade (Gains Network) S/USD
Lighter SShow all 25 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04585 | +0.100% | $1.2M | $859K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04584 | +0.087% | $48K | $154K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04580 | +0.009% | $6.8M | $20.0M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04576 | −0.087% | $6.5M | $5.3M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04578 | −0.044% | $1.4M | $6.2M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04580 | 0.000% | $386K | $227K | 50x | as long as short |
| MEXC S_USDTlong | +0.0100% | 4h | 0.04580 | long leg | $4.5M | $3.0M | 200x | |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04577 | −0.066% | $2.2M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04583 | +0.066% | $1.4M | $2.9M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04578 | −0.044% | — | $7.0M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04610 | +0.655% | $26K | $523K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04577 | −0.060% | $243K | $1.3M | 10x | as long as short |
| Injective S/USDC PERP | +0.0140% | 1h | 0.04600 | +0.437% | $2K | $2 | 12x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04601 | +0.459% | $338K | $217K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0980% | 1h | 0.04590 | +0.218% | $109K | $463K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Injective S/USDC PERP
BloFin S-USDT
Backpack S_USDC_PERP