Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.035%
Price spread now: OKX against Orderly−0.050%7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.478%+$48 on $10k
+Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.050%, 7d avg −0.034%
=The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_S_USDC | 0.04016 | 0.0083 | pay 0.0042% / 4h | 2h 22m | $100K | $548K | 10x |
| Short | OKX S-USDT-SWAP | 0.04014 | 0.0100 | get 0.0050% / 4h | 2h 22m | $1.0M | $3.8M | 20x |
Orderly PERP_S_USDC
OKX S-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $3.49
- Price spread: −0.050% → −0.034%
- −$1.61
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$14.11
- Costs to cover
- 0.160%
- Break-even
- 35.3 days
Slippage unknown: Orderly: no order-book sample; OKX: 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 OKX live order book, 5 min ago | 2.51 bp | 30.0 bp −$30 | 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 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 | −0.9448% | 1h | 0.03850 | −4.133% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.1813% | 1h | 0.04011 | −0.121% | $35K | $16K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1232% | 1h | 0.03961 | −1.370% | $48K | $18K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04018 | +0.037% | $1K | — | 100x | as long as short |
| Variational Omni S | −0.0117% | 4h | 0.03992 | −0.589% | $619K | $28K | — | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04017 | +0.027% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04018 | +0.049% | $619 | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +2.092% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDClong | +0.0083% | 4h | 0.04016 | long leg | $100K | $548K | 10x | |
| Lighter S | +0.0096% | 1h | 0.04019 | +0.075% | $171K | $139K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Variational Omni S
Reya SRUSDPERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04015 | −0.015% | $1.0M | $592K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04015 | −0.019% | $47K | $111K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04015 | −0.019% | $5.7M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04009 | −0.174% | $5.7M | $4.4M | 50x | as long as short |
| OKX S-USDT-SWAPshort | +0.0100% | 4h | 0.04014 | −0.050% | $1.0M | $3.8M | 20x | |
| Gate S_USDT | +0.0100% | 4h | 0.04014 | −0.050% | $327K | $185K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04016 | 0.000% | $3.6M | $1.7M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04013 | −0.075% | $1.8M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04017 | +0.025% | $1.2M | $2.3M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04017 | +0.025% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03990 | −0.647% | $24K | $483K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04014 | −0.046% | $226K | $593K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04016 | 0.000% | $278K | $108K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0746% | 1h | 0.04020 | +0.100% | $68K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.2273% | 1h | 0.04030 | +0.349% | $117K | $426K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP