Funding you earn now, next payment 00:00 UTC+0.0935%/8h= +102.3% APRnext payment +$4.67 per $10,000 · paid last 24h +0.117%
Price spread now: BloFin against Orderly+0.415%52s7-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
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and BloFin is 0.415% dearer against Orderly than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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 | Orderly PERP_M_USDC | 1.4441 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $2K | $596 | 10x |
| Short | BloFin M-USDT | 1.4501 | 0.1035 | get 0.0517% / 4h | 1h 08m | $350K | $413K | 10x |
Orderly PERP_M_USDC
BloFin M-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $196.27
- Price spread: +0.415% → 0.000%
- $41.55
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $219.82
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 7 min ago. 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 BloFin live order book, 7 min ago | 15.47 bp | 32.2 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
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 | 1.4441 | 0.000% | $4.6M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4439 | −0.014% | $1.9M | $918K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4472 | +0.215% | $1.9M | $355K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4491 | +0.343% | $89K | $42K | — | as long as short |
| Orderly PERP_M_USDClong | +0.0100% | 4h | 1.4441 | long leg | $2K | $596 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.4501 | +0.415% | $2K | $577K | 20x | as long as short |
| Aster MUSDT | +0.0721% | 4h | 1.4466 | +0.172% | $14K | $114K | 5x | as long as short |
| BingX M-USDT | +0.0982% | 4h | 1.4448 | +0.048% | — | $2.4M | — | as long as short |
| KuCoin MUSDTM | +0.1006% | 4h | 1.4317 | −0.861% | $1.4M | $4.4M | 10x | as long as short |
| BloFin M-USDTshort | +0.1035% | 4h | 1.4501 | +0.415% | $350K | $413K | 10x |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
SunX M-USDT
Aster MUSDT
BingX M-USDT
KuCoin MUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.1082% | 4h | 1.4477 | +0.249% | $247K | $113K | 50x | as long as short |
| Binance MUSDT | +0.1083% | 4h | 1.4462 | +0.145% | $5.4M | $4.6M | 10x | as long as short |
MEXC M_USDT
Binance MUSDT