Funding you earn now, next payment 16:00 UTC−0.0200%/8h= −21.9% APRnext payment −$2.00 per $10,000 · paid last 24h 0.000%
Price spread now: Orderly against Gate−0.201%7-day average −0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.339%+$34 on $10k
+Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.201%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Orderly is 0.198% cheaper against Gate than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.339%, 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 | Gate EURUSD_USDT | 1.1460 | 0.0200 | pay 0.0200% / 8h | 7h 36m | $143K | $3K | 100x |
| Short | Orderly PERP_EURUSD_USDC | 1.1437 | 0 | get 0.0000% / 8h | 7h 36m | $246K | $122K | 50x |
Gate EURUSD_USDT
Orderly PERP_EURUSD_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Gate. 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
- −$42
- Price spread: −0.201% → −0.003%
- −$19.82
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$82.82
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 54 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 Gate live order book, 54 min ago | 8.28 bp | 24.0 bp −$24 | 172.7 bp −$1,727 | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0400% | 4h | 1.1442 | −0.157% | $6.8M | $141K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0131% | 1h | 1.1436 | −0.213% | $3K | — | 50x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1446 | −0.125% | $2.1M | $537K | 50x | as long as short |
| Orderly PERP_EURUSD_USDCshort | 0.0000% | 8h | 1.1437 | −0.201% | $246K | $122K | 50x | |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1445 | −0.131% | — | $2.3M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1450 | −0.087% | $12K | $273K | 20x | as long as short |
| Bitget EURUSDUSDT | +0.0024% | 8h | 1.1470 | +0.087% | $263K | $25K | 100x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1437 | −0.197% | $6.8M | $1.4M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | +0.056% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1470 | +0.086% | — | $224K | 100x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Lighter EURUSD
SunX EURUSD-USDT
HTX EURUSD-USDT
Bitget EURUSDUSDT
Extended EUR-USD
Injective EURUSD/USDC PERP
Vest EUR-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica EURUSD | +0.0100% | 1h | 1.1438 | −0.189% | $191K | $60K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1443 | −0.150% | $12K | — | 10x | as long as short |
| Nado EURUSD-PERP | +0.0119% | 1h | 1.1442 | −0.157% | $465K | $159K | 40x | as long as short |
| Gate EURUSD_USDTlong | +0.0200% | 8h | 1.1460 | long leg | $143K | $3K | 100x | |
| tradeXYZ xyz:EUR | +0.0294% | 1h | 1.1443 | −0.148% | $23.2M | $1.8M | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0328% | 1h | 1.1447 | −0.113% | $33K | — | 50x | as long as short |
| Hibachi EUR/USDT-P | +0.0416% | 1h | 1.1443 | −0.151% | $164K | $8.4M | 30x | as long as short |
| Bybit EURUSDUSDT | +0.1950% | 8h | 1.1473 | +0.117% | $579K | $308K | 100x | as long as short |
Pacifica EURUSD
Aevo EURUSD-PERP
Nado EURUSD-PERP
tradeXYZ xyz:EUR
Hotstuff EURUSD-PERP
Hibachi EUR/USDT-P
Bybit EURUSDUSDT