Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.23 per $10,000 · paid last 24h −0.031%
Price spread now: Orderly against Bitget+0.156%53s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Orderly is 0.156% dearer against Bitget than usual: you sell high and buy low (spread +0.156% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget WOOUSDT | 0.01284 | 0.0100 | pay 0.0100% / 8h | 4h 30m | $210K | $93K | 5x |
| Short | Orderly PERP_WOO_USDC | 0.01286 | 0.0077 | get 0.0077% / 8h | 4h 30m | $27K | $5K | 10x |
Bitget WOOUSDT
Orderly PERP_WOO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bitget. 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
- −$4.83
- Price spread: +0.156% → 0.000%
- $15.58
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$7.25
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 19 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 Bitget live order book, 19 min ago | 19.54 bp | 53.1 bp −$53 | 358.1 bp −$3,581 | 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 | 0.01280 | −0.292% | $718 | — | 10x | as long as short |
| Orderly PERP_WOO_USDCshort | +0.0077% | 8h | 0.01286 | +0.156% | $27K | $5K | 10x | |
| Binance WOOUSDT | +0.0100% | 8h | 0.01285 | +0.078% | $1.6M | $2.6M | 50x | as long as short |
| Bybit WOOUSDT | +0.0100% | 8h | 0.01285 | +0.101% | $1.2M | $443K | 50x | as long as short |
| OKX WOO-USDT-SWAP | +0.0100% | 8h | 0.01286 | +0.156% | $208K | $371K | 10x | as long as short |
| Gate WOO_USDT | +0.0100% | 8h | 0.01285 | +0.078% | $91K | $77K | 25x | as long as short |
| MEXC WOO_USDT | +0.0100% | 8h | 0.01285 | +0.078% | $676K | $284K | 200x | as long as short |
| KuCoin WOOUSDTM | +0.0100% | 8h | 0.01284 | 0.000% | $154K | $49K | 50x | as long as short |
| Bitget WOOUSDTlong | +0.0100% | 8h | 0.01284 | long leg | $210K | $93K | 5x | |
| BingX WOO-USDT | +0.0100% | 8h | 0.01287 | +0.234% | — | $2.3M | — | as long as short |
dYdX WOO-USD
Binance WOOUSDT
Bybit WOOUSDT
OKX WOO-USDT-SWAP
Gate WOO_USDT
MEXC WOO_USDT
KuCoin WOOUSDTM
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 | 0.01286 | +0.138% | $2K | $862 | — | as long as short |
| BloFin WOO-USDT | +0.0102% | 8h | 0.01277 | −0.545% | $75K | $32K | 50x | as long as short |
Variational Omni WOO
BloFin WOO-USDT