Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Orderly against Pacifica−0.052%7-day average +0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.052%, 7d avg +0.001%
=Together, before fees+0.116%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.054% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.087%, 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 | Pacifica EURUSD | 1.1478 | 0.0100 | pay 0.0013% / 1h | 13m 48s | $191K | $63K | 50x |
| Short | Orderly PERP_EURUSD_USDC | 1.1472 | 0 | get 0.0000% / 8h | 2h 13m | $198K | $73K | 50x |
Pacifica EURUSD
Orderly PERP_EURUSD_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Pacifica. 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
- −$21
- Price spread: −0.052% → +0.001%
- −$5.36
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$40.36
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Pacifica: live order book, 34 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 Pacifica live order book, 34 min ago | 3.05 bp | 12.5 bp −$13 | doesn't fit | 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 | −0.0174% | 4h | 1.1477 | −0.009% | $6.8M | $135K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0132% | 1h | 1.1472 | −0.050% | $3K | — | 50x | as long as short |
| Hibachi EUR/USDT-P | −0.0032% | 1h | 1.1476 | −0.018% | $205K | $8.3M | 30x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1484 | +0.052% | $2.2M | $432K | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1480 | +0.014% | $579K | $312K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1477 | −0.009% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1476 | −0.017% | $261K | $25K | 100x | as long as short |
| Orderly PERP_EURUSD_USDCshort | 0.0000% | 8h | 1.1472 | −0.052% | $198K | $73K | 50x | |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1480 | +0.017% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1480 | +0.017% | $12K | $263K | 20x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Hibachi EUR/USDT-P
Lighter EURUSD
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
SunX EURUSD-USDT
HTX EURUSD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended EUR-USD | +0.0032% | 1h | 1.1472 | −0.054% | $6.8M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.101% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1504 | +0.225% | — | $264K | 100x | as long as short |
| Nado EURUSD-PERP | +0.0053% | 1h | 1.1475 | −0.029% | $467K | $153K | 40x | as long as short |
| Pacifica EURUSDlong | +0.0100% | 1h | 1.1478 | long leg | $191K | $63K | 50x | |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1482 | +0.035% | $12K | — | 10x | as long as short |
| Hotstuff EURUSD-PERP | +0.0120% | 1h | 1.1481 | +0.026% | $33K | — | 50x | as long as short |
| tradeXYZ xyz:EUR | +0.0131% | 1h | 1.1481 | +0.026% | $23.3M | $1.6M | 50x | as long as short |
Extended EUR-USD
Injective EURUSD/USDC PERP
Vest EUR-USD-PERP
Nado EURUSD-PERP
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP
tradeXYZ xyz:EUR