Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.035%
Price spread now: Orderly against OKX+0.207%7-day average +0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.478%−$48 on $10k
+Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.207%, 7d avg +0.033%
=The price spread pays, funding is against you. Orderly is 0.174% dearer against OKX than usual: you sell high and buy low (spread +0.207% now, against its 7-day average of +0.033%): +$17 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 56 days. At the pace of the last 7 days (−0.478% in total) that is about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX S-USDT-SWAP | 0.04353 | 0.0100 | pay 0.0050% / 4h | 8m 01s | $1.2M | $4.4M | 20x |
| Short | Orderly PERP_S_USDC | 0.04362 | 0.0090 | get 0.0045% / 4h | 8m 01s | $108K | $604K | 10x |
OKX S-USDT-SWAP
Orderly PERP_S_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against OKX. 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
- −$2.18
- Price spread: +0.207% → +0.033%
- $17.41
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$0.77
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago | 3.49 bp | 36.0 bp −$36 | doesn't fit | 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 | −1.0552% | 1h | 0.04460 | +2.458% | $28K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.1811% | 1h | 0.04363 | +0.236% | $38K | $20K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1064% | 1h | 0.04279 | −1.700% | $52K | $18K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04360 | +0.170% | $2K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04372 | +0.436% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04362 | +0.211% | $672 | — | 150x | as long as short |
| Variational Omni S | +0.0009% | 4h | 0.04356 | +0.079% | $674K | $7K | — | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | −5.812% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDCshort | +0.0090% | 4h | 0.04362 | +0.207% | $108K | $604K | 10x | |
| Lighter S | +0.0096% | 1h | 0.04368 | +0.345% | $188K | $143K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Variational Omni S
Injective S/USDC PERP
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04373 | +0.459% | $1.1M | $635K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04377 | +0.553% | $47K | $150K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04376 | +0.528% | $6.3M | $15.1M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04368 | +0.345% | $6.3M | $4.4M | 50x | as long as short |
| OKX S-USDT-SWAPlong | +0.0100% | 4h | 0.04353 | long leg | $1.2M | $4.4M | 20x | |
| Gate S_USDT | +0.0100% | 4h | 0.04371 | +0.414% | $353K | $204K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04372 | +0.436% | $4.5M | $2.0M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04362 | +0.207% | $2.0M | $2.8M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04353 | 0.000% | $1.3M | $2.5M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04376 | +0.528% | — | $6.9M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04360 | +0.161% | $25K | $504K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04347 | −0.126% | $241K | $1.3M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04353 | 0.000% | $292K | $127K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0666% | 1h | 0.04371 | +0.414% | $73K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0977% | 1h | 0.04380 | +0.620% | $106K | $467K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP