S

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.049%

Price spread now: Orderly against OKX+0.147%50s7-day average +0.038% · you sell dearer than you buy

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

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.499%−$50 on $10k

Price spread, last 3 days (all we have)−0.213%−$21 · spread now +0.147%, 7d avg +0.038%

Together, before fees−0.713%−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.109% dearer against OKX than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of +0.038%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.2 days. At the pace of the last 7 days (−0.499% in total) that is about 37 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX S-USDT-SWAP	0.04072	0.0100	pay 0.0050% / 4h	2h 29m	$1.0M	$4.2M	20x
Short	Orderly PERP_S_USDC	0.04078	0.0042	get 0.0021% / 4h	2h 29m	$103K	$336K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against OKX. 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 OKXbpFee OrderlybpOrdersPrice spread, now +0.147%Rate

Funding earned: −$12.21
Price spread: +0.147% → +0.038%: $10.9
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$17.32
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: 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 OKX live order book, 3 min ago	2.45 bp	39.4 bp −$39	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 24 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	−0.7728%	1h	0.03940	−3.242%	$24K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1464%	1h	0.04022	−1.228%	$48K	$16K	25x	as long as short
Kraken Futures PF_SUSD	−0.1243%	1h	0.04078	+0.136%	$35K	$16K	10x	as long as short
Variational Omni S	−0.0504%	4h	0.04066	−0.151%	$633K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04078	+0.157%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04074	+0.046%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04078	+0.153%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+0.688%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDCshort	+0.0042%	4h	0.04078	+0.147%	$103K	$336K	10x
Lighter S	+0.0096%	1h	0.04083	+0.270%	$168K	$166K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04078	+0.140%	$1.0M	$572K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04080	+0.191%	$45K	$135K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04073	+0.025%	$5.6M	$14.9M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04065	−0.172%	$5.8M	$4.8M	50x	as long as short
OKX S-USDT-SWAPlong	+0.0100%	4h	0.04072	long leg	$1.0M	$4.2M	20x
Gate S_USDT	+0.0100%	4h	0.04070	−0.049%	$337K	$203K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04065	−0.172%	$3.9M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04067	−0.123%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04071	−0.025%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04066	−0.147%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04080	+0.196%	$26K	$442K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04068	−0.101%	$231K	$1.1M	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0730%	1h	0.04084	+0.295%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1074%	1h	0.04080	+0.196%	$122K	$345K	5x	as long as short