Funding you earn now, next payment 00:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.104%
Price spread now: BingX against Orderly+0.025%7-day average −0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.746%+$75 on $10k
+Price spread, last 3 days (all we have)+0.137%+$14 · spread now +0.025%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.031% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_S_USDC | 0.03937 | 0.0024 | pay 0.0012% / 4h | 1h 40m | $100K | $347K | 10x |
| Short | BingX S-USDT | 0.03938 | 0.0100 | get 0.0050% / 4h | 1h 40m | — | $6.8M | — |
Orderly PERP_S_USDC
BingX S-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $15.96
- Price spread: +0.025% → −0.005%
- $3.06
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $3.02
- Costs to cover
- 0.160%
- Break-even
- 5.7 days
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 13 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 BingX live order book, 13 min ago | 3.83 bp | 19.8 bp −$20 | 56.9 bp −$569 | 389.0 bp −$38.9K | 772.1 bp −$386.1K |
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 | −0.1587% | 1h | 0.03937 | +0.002% | $33K | $26K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1576% | 1h | 0.03826 | −2.819% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0886% | 4h | 0.03930 | −0.177% | $611K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0194% / S +0.0188% | 1h | 0.03940 | +0.074% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03935 | −0.046% | $4 | — | 15x | as long as short |
| 01 Exchange SUSD | −0.0016% | 1h | 0.03930 | −0.178% | $24K | $2K | 5x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03939 | +0.058% | $607 | — | 150x | as long as short |
| Orderly PERP_S_USDClong | +0.0024% | 4h | 0.03937 | long leg | $100K | $347K | 10x | |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.140% | $2K | $37K | 12x | as long as short |
| Aster SUSDT | +0.0060% | 4h | 0.03940 | +0.069% | $43K | $212K | 10x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
01 Exchange SUSD
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Aster SUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter S | +0.0096% | 1h | 0.03941 | +0.102% | $165K | $222K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03939 | +0.046% | $988K | $788K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03939 | +0.051% | $5.4M | $20.1M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03932 | −0.127% | $5.6M | $5.9M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03937 | 0.000% | $982K | $6.3M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03933 | −0.102% | $321K | $265K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03940 | +0.076% | $3.6M | $2.3M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03934 | −0.076% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03939 | +0.051% | $1.2M | $2.7M | 50x | as long as short |
| BingX S-USDTshort | +0.0100% | 4h | 0.03938 | +0.025% | — | $6.8M | — | |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03930 | −0.178% | $25K | $466K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03938 | +0.019% | $221K | $881K | 10x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0258% | 1h | 0.03940 | +0.076% | $66K | $10K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03930 | −0.178% | $268K | $127K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0375% | 1h | 0.03940 | +0.076% | $115K | $300K | 5x | as long as short |
Lighter S
Hyperliquid S
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
ApeX Omni SUSDT
Extended S-USD
Deribit S_USDC-PERPETUAL
BloFin S-USDT
Backpack S_USDC_PERP