Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.24 per $10,000 · paid last 24h −0.032%
Price spread now: Aster against Orderly+0.046%49s7-day average +0.073% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)+0.138%+$14 on $10k
+Price spread, last 3 days (all we have)+0.091%+$9 · spread now +0.046%, 7d avg +0.073%
=Together, before fees+0.229%+ Points / potential airdropAster: Stage 5 · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.027% cheaper against Orderly than usual: you would sell low and buy high (spread +0.046% now, against its 7-day average of +0.073%). If the spread goes back, that is −$3 on $10k: about 44 hours of funding at the current rate (+$1 a day). The two prices were read 49 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 | Orderly PERP_S_USDC | 0.04085 | 0.0052 | pay 0.0026% / 4h | 2h 10m | $103K | $331K | 10x |
| Short | Aster SUSDT | 0.04087 | 0.0100 | get 0.0050% / 4h | 2h 10m | $45K | $134K | 10x |
Orderly PERP_S_USDC
Aster SUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Orderly. 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
- $10.15
- Price spread: +0.046% → +0.073%
- −$2.67
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$6.52
- Costs to cover
- 0.140%
- Break-even
- 11.5 days
Slippage unknown: Orderly: no order-book sample; Aster: live order book, 56 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 56 min ago | 13.78 bp | 34.2 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.8840% | 1h | 0.03950 | −3.305% | $24K | $2K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −0.1464% | 1h | 0.04022 | −1.542% | $48K | $16K | 25x | as long as short |
| Kraken Futures PF_SUSD | −0.1242% | 1h | 0.04080 | −0.113% | $34K | $16K | 10x | as long as short |
| Variational Omni S | −0.0385% | 4h | 0.04068 | −0.409% | $633K | $30K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04077 | −0.208% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04084 | −0.023% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04077 | −0.208% | $2K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +0.367% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDClong | +0.0052% | 4h | 0.04085 | long leg | $103K | $331K | 10x | |
| Lighter S | +0.0096% | 1h | 0.04089 | +0.098% | $169K | $167K | 5x | as long as short |
01 Exchange SUSD
Coinbase International S-PERP-INTX
Kraken Futures PF_SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Lighter SShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04086 | +0.032% | $1.0M | $571K | 5x | as long as short |
| Aster SUSDTshort | +0.0100% | 4h | 0.04087 | +0.046% | $45K | $134K | 10x | |
| Binance SUSDT | +0.0100% | 4h | 0.04086 | +0.024% | $5.7M | $14.6M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04079 | −0.147% | $5.8M | $4.7M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04085 | 0.000% | $1.0M | $4.2M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04081 | −0.098% | $336K | $205K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04085 | 0.000% | $4.0M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04086 | +0.024% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04085 | 0.000% | $1.2M | $2.3M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04084 | −0.024% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04090 | +0.122% | $26K | $445K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04084 | −0.031% | $232K | $1.1M | 10x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0729% | 1h | 0.04089 | +0.098% | $69K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0920% | 1h | 0.04090 | +0.122% | $119K | $349K | 5x | as long as short |
Hyperliquid S
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP