S

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.36 per $10,000 · paid last 24h +0.104%

Price spread now: Bitget against Orderly0.000%7-day average +0.065% · you sell dearer than you buy

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.666%+$67 on $10k

Price spread, last 3 days (all we have)+0.275%+$27 · spread now 0.000%, 7d avg +0.065%

Together, before fees+0.941%+$94 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.065% cheaper against Orderly than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.065%). If the spread goes back, that is −$7 on $10k: about 3.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.666% in total) that is about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_S_USDC	0.03921	0.0028	pay 0.0014% / 4h	1h 28m	$100K	$345K	10x
Short	Bitget SUSDT	0.03921	0.0100	get 0.0050% / 4h	1h 28m	$1.2M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. 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 OrderlybpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $15.22
Price spread: 0.000% → +0.065%: −$6.52
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$9.31
Costs to cover: 0.180%
Break-even: 11.3 days

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	5.09 bp	24.2 bp −$24	47.4 bp −$474	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.

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
Kraken Futures PF_SUSD	−0.1596%	1h	0.03915	−0.150%	$33K	$26K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.423%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0847%	4h	0.03915	−0.153%	$609K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0196% / S +0.0189%	1h	0.03924	+0.066%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03918	−0.089%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03923	+0.046%	$605	—	150x	as long as short
Orderly PERP_S_USDClong	+0.0028%	4h	0.03921	long leg	$100K	$345K	10x
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.565%	$2K	$37K	12x	as long as short
Aster SUSDT	+0.0093%	4h	0.03920	−0.019%	$43K	$212K	10x	as long as short
Lighter S	+0.0096%	1h	0.03926	+0.128%	$164K	$223K	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	0.03922	+0.028%	$984K	$757K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03922	+0.018%	$5.4M	$19.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03911	−0.255%	$5.6M	$5.7M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03916	−0.128%	$976K	$6.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03922	+0.026%	$320K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03921	0.000%	$3.6M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03915	−0.153%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDTshort	+0.0100%	4h	0.03921	0.000%	$1.2M	$2.7M	50x
BingX S-USDT	+0.0100%	4h	0.03915	−0.153%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03930	+0.230%	$25K	$464K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03920	−0.038%	$221K	$881K	10x	as long as short
01 Exchange SUSD	+0.0128%	1h	0.03920	−0.026%	$24K	$2K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0260%	1h	0.03926	+0.128%	$66K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.0295%	1h	0.03920	−0.026%	$114K	$300K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03919	−0.051%	$268K	$126K	75x	as long as short