S

Alert

Funding spread now, next payment 20:00 UTC+0.0250%/8h

next payment, per $10,000+$1.25paid, last 24h+0.110%paid, last 7 days+0.679%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_S_USDC	0.03909	−0.0150	get 0.0075% / 4h	3h 48m	$103K	$331K	10x
Short	MEXC S_USDT	0.03911	0.0100	get 0.0050% / 4h	3h 48m	$3.5M	$3.5M	200x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee MEXCbpOrdersRate

Funding earned: $52.5
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: $42.5
Break-even: 1.3 days

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.051%
Avg gap 7d: +0.039%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 MEXC live order book, 5 min ago	2.56 bp	4.6 bp −$5	25.5 bp −$255	224.5 bp −$22.5K	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange SUSD	−1.0792%	1h	$23K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.2924%	1h	$33K	$48K	10x	as long as short
Coinbase International S-PERP-INTX	−0.2448%	1h	$47K	$11K	25x	as long as short
Variational Omni S	−0.0960%	4h	$606K	$121K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0376% / S +0.0348%	1h	$1K	—	100x	as long as short
Orderly PERP_S_USDClong	−0.0150%	4h	$103K	$331K	10x
Aster SUSDT	−0.0105%	4h	$42K	$266K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	$603	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	$2K	$120K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	$164K	$324K	5x	as long as short
Hyperliquid S	+0.0100%	1h	$1.0M	$1.5M	5x	as long as short
Binance SUSDT	+0.0100%	4h	$5.3M	$40.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	$5.6M	$9.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	$998K	$12.5M	20x	as long as short
Gate S_USDT	+0.0100%	4h	$325K	$373K	50x	as long as short
MEXC S_USDTshort	+0.0100%	4h	$3.5M	$3.5M	200x
KuCoin SUSDTM	+0.0100%	4h	$1.8M	$3.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	$1.2M	$4.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	—	$7.0M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	$25K	$506K	50x	as long as short
Extended S-USD	+0.0104%	1h	$220K	$946K	10x	as long as short
Backpack S_USDC_PERP	+0.0115%	1h	$114K	$223K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	$280K	$265K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0517%	1h	$66K	$11K	10x	as long as short