Funding you earn now, next payment 00:00 UTC−0.0796%/8h= −87.2% APRnext payment −$3.98 per $10,000 · paid last 24h −0.118%
Price spread now: Orderly against BingX+0.124%7-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 0.124% dearer against BingX than usual: you sell high and buy low (spread +0.124% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX M-USDT | 1.4542 | 0.0896 | pay 0.0448% / 4h | 1h 26m | — | $2.4M | — |
| Short | Orderly PERP_M_USDC | 1.4560 | 0.0100 | get 0.0050% / 4h | 1h 26m | $2K | $596 | 10x |
BingX M-USDT
Orderly PERP_M_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against BingX. 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
- −$167.16
- Price spread: +0.124% → 0.000%
- $12.38
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$170.78
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago | 7.89 bp | 20.7 bp −$21 | 64.9 bp −$649 | 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.
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4520 | −0.151% | $4.6M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4517 | −0.172% | $1.9M | $905K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4582 | +0.275% | $1.9M | $351K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4591 | +0.338% | $90K | $42K | — | as long as short |
| Orderly PERP_M_USDCshort | +0.0100% | 4h | 1.4560 | +0.124% | $2K | $596 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.4553 | +0.076% | $2K | $566K | 20x | as long as short |
| Aster MUSDT | +0.0611% | 4h | 1.4547 | +0.035% | $15K | $114K | 5x | as long as short |
| KuCoin MUSDTM | +0.0850% | 4h | 1.4433 | −0.752% | $1.4M | $4.4M | 10x | as long as short |
| BingX M-USDTlong | +0.0896% | 4h | 1.4542 | long leg | — | $2.4M | — | |
| BloFin M-USDT | +0.0939% | 4h | 1.4588 | +0.316% | $349K | $410K | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
SunX M-USDT
Aster MUSDT
KuCoin MUSDTM
BloFin M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.0952% | 4h | 1.4547 | +0.034% | $247K | $111K | 50x | as long as short |
| Binance MUSDT | +0.0955% | 4h | 1.4551 | +0.062% | $5.4M | $4.5M | 10x | as long as short |
MEXC M_USDT
Binance MUSDT