Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Orderly against Extended−0.004%7-day average +0.027% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.004%, 7d avg +0.027%
=Together, before fees+0.255%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.031% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.238%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended EUR-USD | 1.1475 | 0.0032 | pay 0.0004% / 1h | 40m 32s | $6.7M | $1.2M | 100x |
| Short | Orderly PERP_EURUSD_USDC | 1.1474 | 0 | get 0.0000% / 8h | 3h 40m | $198K | $73K | 50x |
Extended EUR-USD
Orderly PERP_EURUSD_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Extended. 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
- −$6.72
- Price spread: −0.004% → +0.027%
- −$3.11
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$20.83
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 3 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 Extended live order book, 3 min ago | 0.26 bp | 6.5 bp −$6 | 9.6 bp −$96 | 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.
EUR on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi EUR/USDT-P | −0.0200% | 1h | 1.1471 | −0.026% | $165K | $8.3M | 30x | as long as short |
| Kraken Futures PF_EURUSD | −0.0179% | 1h | 1.1473 | −0.011% | $3K | — | 50x | as long as short |
| MEXC EUR_USDT | −0.0138% | 4h | 1.1478 | +0.031% | $6.8M | $132K | 100x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1485 | +0.092% | $2.1M | $415K | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1480 | +0.048% | $585K | $223K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1479 | +0.039% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1477 | +0.022% | $253K | $20K | 100x | as long as short |
| Orderly PERP_EURUSD_USDCshort | 0.0000% | 8h | 1.1474 | −0.004% | $198K | $73K | 50x | |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1482 | +0.065% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1482 | +0.065% | $12K | $264K | 20x | as long as short |
Hibachi EUR/USDT-P
Kraken Futures PF_EURUSD
MEXC EUR_USDT
Lighter EURUSD
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
SunX EURUSD-USDT
HTX EURUSD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado EURUSD-PERP | +0.0016% | 1h | 1.1478 | +0.028% | $467K | $153K | 40x | as long as short |
| Extended EUR-USDlong | +0.0032% | 1h | 1.1475 | long leg | $6.7M | $1.2M | 100x | |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.071% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1506 | +0.277% | — | $265K | 100x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1478 | +0.031% | $191K | $63K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1482 | +0.064% | $12K | — | 10x | as long as short |
| Hotstuff EURUSD-PERP | +0.0144% | 1h | 1.1482 | +0.065% | $33K | — | 50x | as long as short |
| tradeXYZ xyz:EUR | +0.0189% | 1h | 1.1480 | +0.048% | $23.3M | $1.7M | 50x | as long as short |
Nado EURUSD-PERP
Injective EURUSD/USDC PERP
Vest EUR-USD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP
tradeXYZ xyz:EUR