S

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.38 per $10,000 · paid last 24h +0.092%

Price spread now: Bitget against Orderly+0.126%7-day average +0.063% · you sell dearer than you buy

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.641%+$64 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now +0.126%, 7d avg +0.063%

Together, before fees+0.680%+$68 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.063% dearer against Orderly than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_S_USDC	0.03976	0.0025	pay 0.0012% / 4h	3h 46m	$101K	$336K	10x
Short	Bitget SUSDT	0.03981	0.0100	get 0.0050% / 4h	3h 46m	$1.2M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. 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 OrderlybpFee BitgetbpOrdersPrice spread, now +0.126%Rate

Funding earned: $15.8
Price spread: +0.126% → +0.063%: $6.32
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $4.13
Costs to cover: 0.180%
Break-even: 5.2 days

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	6.32 bp	17.6 bp −$18	58.9 bp −$589	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 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
01 Exchange SUSD	−0.7616%	1h	0.03970	−0.151%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2033%	1h	0.03973	−0.079%	$34K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1240%	1h	0.03826	−3.773%	$47K	$5K	25x	as long as short
Variational Omni S	−0.1022%	4h	0.03957	−0.468%	$615K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03978	+0.040%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03973	−0.084%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03979	+0.066%	$613	—	150x	as long as short
Orderly PERP_S_USDClong	+0.0025%	4h	0.03976	long leg	$101K	$336K	10x
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.119%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03982	+0.151%	$162K	$190K	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	0.03979	+0.080%	$996K	$647K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03982	+0.155%	$44K	$141K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03980	+0.095%	$5.4M	$16.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03975	−0.025%	$5.7M	$5.0M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03979	+0.075%	$982K	$4.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03974	−0.050%	$325K	$216K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03981	+0.126%	$3.7M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03978	+0.050%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDTshort	+0.0100%	4h	0.03981	+0.126%	$1.2M	$2.4M	50x
BingX S-USDT	+0.0100%	4h	0.03979	+0.075%	—	$6.7M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03980	+0.101%	$116K	$317K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03970	−0.151%	$26K	$450K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03977	+0.017%	$229K	$1.0M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03971	−0.126%	$268K	$126K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0504%	1h	0.03982	+0.151%	$67K	$10K	10x	as long as short