S

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.36 per $10,000 · paid last 24h −0.099%

Price spread now: Orderly against Binance+0.026%7-day average −0.006% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.655%−$65 on $10k

Price spread, last 3 days (all we have)−0.165%−$16 · spread now +0.026%, 7d avg −0.006%

Together, before fees−0.819%−$82 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.032% dearer against Binance than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.006%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.655% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSDT	0.03908	0.0100	pay 0.0050% / 4h	25m 21s	$5.3M	$17.2M	75x
Short	Orderly PERP_S_USDC	0.03909	0.0029	get 0.0014% / 4h	25m 21s	$100K	$339K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee OrderlybpOrdersPrice spread, now +0.026%Rate

Funding earned: −$14.92
Price spread: +0.026% → −0.006%: $3.15
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$27.77
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 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 Binance live order book, 15 min ago	1.27 bp	18.7 bp −$19	58.8 bp −$588	2591.7 bp −$259.2K	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.

S on 25 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
01 Exchange SUSD	−0.6000%	1h	0.03840	−1.740%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2132%	1h	0.03911	+0.088%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1336%	1h	0.03826	−2.098%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0978%	4h	0.03906	−0.050%	$608K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0203% / S +0.0195%	1h	0.03912	+0.095%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03907	−0.018%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03912	+0.111%	$603	—	150x	as long as short
Deribit S_USDC-PERPETUAL	+0.0005%	1h	0.03916	+0.205%	$66K	$10K	10x	as long as short
Orderly PERP_S_USDCshort	+0.0029%	4h	0.03909	+0.026%	$100K	$339K	10x
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.913%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03914	+0.154%	$164K	$217K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03910	+0.059%	$980K	$695K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03921	+0.330%	$43K	$145K	10x	as long as short
Binance SUSDTlong	+0.0100%	4h	0.03908	long leg	$5.3M	$17.2M	75x
Bybit SUSDT	+0.0100%	4h	0.03904	−0.102%	$5.6M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03908	0.000%	$977K	$4.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03916	+0.205%	$319K	$259K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03909	+0.026%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03911	+0.077%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03914	+0.154%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03909	+0.026%	—	$6.7M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03920	+0.307%	$114K	$312K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03910	+0.051%	$25K	$453K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03908	+0.002%	$220K	$877K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03917	+0.230%	$267K	$126K	75x	as long as short