Funding you earn now, next payment 12:00 UTC+0.0138%/8h= +15.1% APRnext payment +$0.69 per $10,000 · paid last 24h +0.111%
Price spread now: Aster against Orderly−0.041%7-day average — · you buy dearer than you sell
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
=Funding pays, the price is against you. Aster is 0.041% cheaper against Orderly than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 24 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_M_USDC | 1.3474 | 0.0100 | pay 0.0050% / 4h | 3h 52m | $2K | $510 | 10x |
| Short | Aster MUSDT | 1.3468 | 0.0238 | get 0.0119% / 4h | 3h 52m | $12K | $83K | 5x |
Orderly PERP_M_USDC
Aster MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Orderly. 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
- $29.01
- Price spread: −0.041% → 0.000%
- −$4.14
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $10.87
- Costs to cover
- 0.140%
- Break-even
- 4.4 days
Slippage unknown: Orderly: no order-book sample; Aster: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
Orderly and Aster: 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 | 1.3459 | −0.111% | $4.2M | $1.7M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.3440 | −0.252% | $1.8M | $887K | 10x | as long as short |
| Orderly PERP_M_USDClong | +0.0100% | 4h | 1.3474 | long leg | $2K | $510 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.3474 | 0.000% | $2K | $883K | 20x | as long as short |
| Aster MUSDTshort | +0.0238% | 4h | 1.3468 | −0.041% | $12K | $83K | 5x | |
| BloFin M-USDT | +0.0504% | 4h | 1.3493 | +0.141% | $345K | $444K | 10x | as long as short |
| Binance MUSDT | +0.0512% | 4h | 1.3458 | −0.119% | $5.3M | $3.9M | 10x | as long as short |
| MEXC M_USDT | +0.0512% | 4h | 1.3470 | −0.030% | $233K | $107K | 50x | as long as short |
| Variational Omni M | +0.0969% | 4h | 1.3441 | −0.247% | $90K | $49K | — | as long as short |
| BingX M-USDT | +0.1186% | 4h | 1.3472 | −0.015% | — | $2.4M | — | as long as short |
Bybit MUSDT
Gate M_USDT
SunX M-USDT
BloFin M-USDT
Binance MUSDT
MEXC M_USDT
Variational Omni M
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUSDT | +0.1242% | 4h | 1.3459 | −0.111% | $1.7M | $247K | 10x | as long as short |
| KuCoin MUSDTM | +0.2096% | 4h | 1.3352 | −0.908% | $1.3M | $3.6M | 10x | as long as short |
Bitget MUSDT
KuCoin MUSDTM