Funding you earn now, next payment 04:00 UTC−0.1656%/8h= −181.3% APRnext payment −$8.28 per $10,000 · paid last 24h −0.166%
Price spread now: Orderly against BloFin−0.902%232s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Orderly is 0.902% cheaper against BloFin than usual: you would sell low and buy high (−$90 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 232 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin M-USDT | 1.4412 | 0.1756 | pay 0.0878% / 4h | 2h 45m | $359K | $427K | 10x |
| Short | Orderly PERP_M_USDC | 1.4282 | 0.0100 | get 0.0050% / 4h | 2h 45m | $2K | $496 | 10x |
BloFin M-USDT
Orderly PERP_M_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against BloFin. 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
- −$347.69
- Price spread: −0.902% → 0.000%
- −$90.2
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$455.89
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 20 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 BloFin live order book, 20 min ago | 14.22 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.
M on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4283 | −0.895% | $4.5M | $1.9M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4260 | −1.055% | $1.9M | $868K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4230 | −1.264% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDCshort | +0.0100% | 4h | 1.4282 | −0.902% | $2K | $496 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.4304 | −0.749% | $2K | $677K | 20x | as long as short |
| Bitget MUSDT | +0.0180% | 4h | 1.4274 | −0.958% | $1.8M | $243K | 10x | as long as short |
| Aster MUSDT | +0.1329% | 4h | 1.4285 | −0.880% | $14K | $92K | 5x | as long as short |
| BingX M-USDT | +0.1664% | 4h | 1.4278 | −0.930% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.1720% | 4h | 1.4286 | −0.874% | $240K | $106K | 50x | as long as short |
| Binance MUSDT | +0.1720% | 4h | 1.4280 | −0.916% | $5.5M | $3.8M | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Variational Omni M
SunX M-USDT
Bitget MUSDT
Aster MUSDT
BingX M-USDT
MEXC M_USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDTlong | +0.1756% | 4h | 1.4412 | long leg | $359K | $427K | 10x | |
| KuCoin MUSDTM | +0.3580% | 4h | 1.4168 | −1.691% | $1.4M | $4.0M | 10x | as long as short |
KuCoin MUSDTM