Funding you earn now, next payment 12:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.058%
Price spread now: KuCoin against Orderly−0.023%7-day average −0.044% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.645%+$64 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.023%, 7d avg −0.044%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.020% dearer against Orderly than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_S_USDC | 0.04304 | 0.0082 | pay 0.0041% / 4h | 3h 57m | $107K | $616K | 10x |
| Short | KuCoin SUSDTM | 0.04303 | 0.0100 | get 0.0050% / 4h | 3h 57m | $2.0M | $2.8M | 50x |
Orderly PERP_S_USDC
KuCoin SUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $3.87
- Price spread: −0.023% → −0.044%
- $2.04
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$12.09
- Costs to cover
- 0.180%
- Break-even
- 28.9 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago | 9.15 bp | 131.2 bp −$131 | 349.0 bp −$3,490 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.2644% | 1h | 0.04292 | −0.274% | $35K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1248% | 1h | 0.04283 | −0.488% | $52K | $18K | 25x | as long as short |
| Hyperliquid S | −0.0295% | 1h | 0.04300 | −0.088% | $1.1M | $695K | 5x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04306 | +0.053% | $2K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04300 | −0.090% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0079% | 4h | 0.04433 | +3.007% | $684K | $7K | — | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04306 | +0.044% | $664 | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | −4.740% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDClong | +0.0082% | 4h | 0.04304 | long leg | $107K | $616K | 10x | |
| Lighter S | +0.0096% | 1h | 0.04300 | −0.093% | $185K | $99K | 5x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Hyperliquid S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Variational Omni S
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SUSDT | +0.0100% | 4h | 0.04302 | −0.039% | $46K | $175K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04306 | +0.046% | $6.4M | $16.4M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04293 | −0.256% | $6.2M | $4.7M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04295 | −0.209% | $1.2M | $4.7M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04295 | −0.209% | $342K | $201K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04302 | −0.046% | $4.5M | $2.2M | 200x | as long as short |
| KuCoin SUSDTMshort | +0.0100% | 4h | 0.04303 | −0.023% | $2.0M | $2.8M | 50x | |
| Bitget SUSDT | +0.0100% | 4h | 0.04307 | +0.070% | $1.3M | $2.6M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04305 | +0.023% | — | $6.9M | — | as long as short |
| Backpack S_USDC_PERP | +0.0100% | 1h | 0.04300 | −0.093% | $101K | $470K | 5x | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04380 | +1.766% | $26K | $505K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04296 | −0.177% | $239K | $1.3M | 10x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0215% | 1h | 0.04302 | −0.046% | $72K | $10K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04307 | +0.070% | $241K | $121K | 75x | as long as short |
| 01 Exchange SUSD | +0.6336% | 1h | 0.04370 | +1.533% | $27K | $2K | 5x | as long as short |
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
Bitget SUSDT
BingX S-USDT
Backpack S_USDC_PERP
ApeX Omni SUSDT
Extended S-USD
Deribit S_USDC-PERPETUAL
BloFin S-USDT
01 Exchange SUSD