Funding you earn now, next payment 08:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.031%
Price spread now: Orderly against Binance−0.074%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.074% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance WOOUSDT | 0.01279 | 0.0100 | pay 0.0100% / 8h | 1h 59m | $1.5M | $2.6M | 50x |
| Short | Orderly PERP_WOO_USDC | 0.01278 | 0.0081 | get 0.0081% / 8h | 1h 59m | $27K | $5K | 10x |
Binance WOOUSDT
Orderly PERP_WOO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Binance. 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
- −$4.03
- Price spread: −0.074% → 0.000%
- −$7.43
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$27.46
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 5 min ago; Orderly: no order-book sample. 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 Binance live order book, 5 min ago | 3.91 bp | 27.1 bp −$27 | 193.8 bp −$1,938 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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.
WOO on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX WOO-USD | 0.0000% | 1h | 0.01277 | −0.170% | $716 | — | 10x | as long as short |
| Orderly PERP_WOO_USDCshort | +0.0081% | 8h | 0.01278 | −0.074% | $27K | $5K | 10x | |
| Binance WOOUSDTlong | +0.0100% | 8h | 0.01279 | long leg | $1.5M | $2.6M | 50x | |
| Bybit WOOUSDT | +0.0100% | 8h | 0.01278 | −0.074% | $1.2M | $458K | 50x | as long as short |
| OKX WOO-USDT-SWAP | +0.0100% | 8h | 0.01279 | +0.004% | $207K | $343K | 10x | as long as short |
| Gate WOO_USDT | +0.0100% | 8h | 0.01277 | −0.152% | $92K | $78K | 25x | as long as short |
| MEXC WOO_USDT | +0.0100% | 8h | 0.01278 | −0.074% | $666K | $301K | 200x | as long as short |
| KuCoin WOOUSDTM | +0.0100% | 8h | 0.01281 | +0.160% | $158K | $47K | 50x | as long as short |
| Bitget WOOUSDT | +0.0100% | 8h | 0.01278 | −0.074% | $209K | $85K | 5x | as long as short |
| BingX WOO-USDT | +0.0100% | 8h | 0.01278 | −0.074% | — | $2.3M | — | as long as short |
dYdX WOO-USD
Bybit WOOUSDT
OKX WOO-USDT-SWAP
Gate WOO_USDT
MEXC WOO_USDT
KuCoin WOOUSDTM
Bitget WOOUSDT
BingX WOO-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni WOO | +0.0100% | 8h | 0.01278 | −0.093% | $2K | $869 | — | as long as short |
| BloFin WOO-USDT | +0.0128% | 8h | 0.01277 | −0.152% | $72K | $31K | 50x | as long as short |
Variational Omni WOO
BloFin WOO-USDT