Funding you earn now, next payment 01:00 UTC−0.0118%/8h= −13.0% APRpaid last 24h −0.047%
Price spread now: Orderly against tradeXYZ−0.044%55s7-day average −0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.044%, 7d avg −0.045%
=Together, before fees+0.213%+ Points / potential airdroptradeXYZ: Active · farm board+$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.202%, so the current rate has only just turned against you. The two prices were read 55 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 | tradeXYZ xyz:EUR | 1.1473 | 0.0118 | pay 0.0015% / 1h | 45m 27s | $23.2M | $2.4M | 50x |
| Short | Orderly PERP_EURUSD_USDC | 1.1468 | 0 | get 0.0000% / 8h | 7h 45m | $198K | $111K | 50x |
tradeXYZ xyz:EUR
Orderly PERP_EURUSD_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against tradeXYZ. 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
- −$24.84
- Price spread: −0.044% → −0.045%
- $0.11
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$48.73
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago | 0.87 bp | 12.1 bp −$12 | 17.4 bp −$174 | 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 | −0.0142% | 4h | 1.1471 | −0.017% | $6.8M | $150K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0052% | 1h | 1.1465 | −0.067% | $3K | — | 50x | as long as short |
| Nado EURUSD-PERP | −0.0016% | 1h | 1.1471 | −0.021% | $466K | $177K | 40x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1474 | +0.011% | $2.1M | $413K | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1469 | −0.031% | $584K | $279K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1476 | +0.026% | $142K | $4K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1471 | −0.017% | $251K | $20K | 100x | as long as short |
| Orderly PERP_EURUSD_USDCshort | 0.0000% | 8h | 1.1468 | −0.044% | $198K | $111K | 50x | |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1473 | 0.000% | — | $2.6M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1475 | +0.017% | $12K | $257K | 20x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Nado EURUSD-PERP
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 | 1.1468 | −0.041% | $6.7M | $1.3M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1470 | −0.023% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1500 | +0.232% | — | $264K | 100x | as long as short |
| Hotstuff EURUSD-PERP | +0.0064% | 1h | 1.1474 | +0.009% | $33K | — | 50x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1468 | −0.039% | $190K | $127K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1472 | −0.005% | $12K | — | 10x | as long as short |
| tradeXYZ xyz:EURlong | +0.0118% | 1h | 1.1473 | long leg | $23.2M | $2.4M | 50x | |
| Hibachi EUR/USDT-P | +0.0208% | 1h | 1.1468 | −0.042% | $160K | $8.3M | 30x | as long as short |
Extended EUR-USD
Injective EURUSD/USDC PERP
Vest EUR-USD-PERP
Hotstuff EURUSD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Hibachi EUR/USDT-P