Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Orderly against Extended0.000%7-day average +0.025% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now 0.000%, 7d avg +0.025%
=Together, before fees+0.251%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.025% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.025%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.238%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended EUR-USD | 1.1436 | 0.0032 | pay 0.0004% / 1h | 32m 23s | $6.8M | $1.4M | 100x |
| Short | Orderly PERP_EURUSD_USDC | 1.1436 | 0 | get 0.0000% / 8h | 7h 32m | $246K | $122K | 50x |
Extended EUR-USD
Orderly PERP_EURUSD_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Extended. 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
- −$6.72
- Price spread: 0.000% → +0.025%
- −$2.48
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$20.2
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 2 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 Extended live order book, 2 min ago | 0.61 bp | 3.3 bp −$3 | 4.5 bp −$45 | 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.
EUR on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0400% | 4h | 1.1438 | +0.018% | $6.8M | $141K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0131% | 1h | 1.1434 | −0.018% | $3K | — | 50x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1444 | +0.073% | $2.1M | $543K | 50x | as long as short |
| Orderly PERP_EURUSD_USDCshort | 0.0000% | 8h | 1.1436 | 0.000% | $246K | $122K | 50x | |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1442 | +0.053% | — | $2.3M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1447 | +0.097% | $12K | $273K | 20x | as long as short |
| Extended EUR-USDlong | +0.0032% | 1h | 1.1436 | long leg | $6.8M | $1.4M | 100x | |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | +0.266% | $9K | $78K | 101x | as long as short |
| Bitget EURUSDUSDT | +0.0042% | 8h | 1.1470 | +0.298% | $263K | $25K | 100x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1469 | +0.286% | — | $224K | 100x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Lighter EURUSD
SunX EURUSD-USDT
HTX EURUSD-USDT
Injective EURUSD/USDC PERP
Bitget EURUSDUSDT
Vest EUR-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica EURUSD | +0.0100% | 1h | 1.1437 | +0.005% | $191K | $60K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1441 | +0.046% | $12K | — | 10x | as long as short |
| Nado EURUSD-PERP | +0.0112% | 1h | 1.1439 | +0.026% | $465K | $159K | 40x | as long as short |
| Gate EURUSD_USDT | +0.0200% | 8h | 1.1462 | +0.228% | $143K | $3K | 100x | as long as short |
| tradeXYZ xyz:EUR | +0.0270% | 1h | 1.1444 | +0.070% | $23.2M | $1.8M | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0304% | 1h | 1.1445 | +0.079% | $33K | — | 50x | as long as short |
| Hibachi EUR/USDT-P | +0.0440% | 1h | 1.1442 | +0.052% | $168K | $8.4M | 30x | as long as short |
| Bybit EURUSDUSDT | +0.2034% | 8h | 1.1473 | +0.321% | $587K | $314K | 100x | as long as short |
Pacifica EURUSD
Aevo EURUSD-PERP
Nado EURUSD-PERP
Gate EURUSD_USDT
tradeXYZ xyz:EUR
Hotstuff EURUSD-PERP
Hibachi EUR/USDT-P
Bybit EURUSDUSDT