S

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.058%

Price spread now: Orderly against KuCoin+0.124%7-day average +0.044% · you sell dearer than you buy

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.645%−$64 on $10k

Price spread, last 4 days (all we have)−0.166%−$17 · spread now +0.124%, 7d avg +0.044%

Together, before fees−0.811%−$81 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.080% dearer against KuCoin than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of +0.044%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 19 days. At the pace of the last 7 days (−0.645% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSDTM	0.04036	0.0100	pay 0.0050% / 4h	1h 17m	$1.8M	$2.8M	50x
Short	Orderly PERP_S_USDC	0.04041	0.0086	get 0.0043% / 4h	1h 17m	$100K	$587K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against KuCoin. 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 KuCoinbpFee OrderlybpOrdersPrice spread, now +0.124%Rate

Funding earned: −$3.01
Price spread: +0.124% → +0.044%: $8.03
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$12.98
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	6.17 bp	107.6 bp −$108	383.6 bp −$3,836	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.

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	−0.7752%	1h	0.03950	−2.131%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2388%	1h	0.04037	+0.021%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1120%	1h	0.03961	−1.858%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04040	+0.087%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04036	−0.003%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04040	+0.111%	$623	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.586%	$2K	$37K	12x	as long as short
Variational Omni S	+0.0038%	4h	0.04043	+0.168%	$627K	$22K	—	as long as short
Orderly PERP_S_USDCshort	+0.0086%	4h	0.04041	+0.124%	$100K	$587K	10x
Lighter S	+0.0096%	1h	0.04045	+0.223%	$173K	$139K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04040	+0.109%	$1.0M	$579K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04041	+0.130%	$48K	$110K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04040	+0.099%	$5.7M	$13.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04033	−0.074%	$5.8M	$4.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04037	+0.025%	$1.0M	$3.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04043	+0.173%	$329K	$179K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04039	+0.074%	$4.1M	$1.8M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.04036	long leg	$1.8M	$2.8M	50x
Bitget SUSDT	+0.0100%	4h	0.04038	+0.050%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04039	+0.074%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04050	+0.347%	$23K	$490K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04035	−0.015%	$233K	$396K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04044	+0.198%	$279K	$115K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0492%	1h	0.04044	+0.198%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1775%	1h	0.04050	+0.347%	$118K	$426K	5x	as long as short