Spread before costs (cost unknown: a leg has no order-book sample)−0.993%
7d average—if it closes, per $10,000$99funding while held, a day+$52.80
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_M_USDC | 1.4859 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $2K | $219 | 10x |
| Short | KuCoin MUSDTM | 1.4711 | 0.1860 | get 0.0930% / 4h | 2h 12m | $1.4M | $4.2M | 10x |
Orderly PERP_M_USDC
KuCoin MUSDTMPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$99.33
- Funding while held
- $52.8
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$64.53
- Spread needed to break even
- 0.180%
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1760%
- Per $10,000 a day
- +$52.80
- Average in range /8h
- —
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 KuCoin live order book, 2 min ago | 18.94 bp | 92.7 bp −$93 | doesn't fit | 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.
M price on every exchange
against the cheapest. Click to use as the short leg.
Gate
Variational Omni
Bitget
BloFin
Bybit
SunX
BingX
Binance
MEXC
AsterM on 12 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MUSDTMshort | −0.993% | +0.1860% | 4h | $1.4M | $4.2M | 10x | |
| Gate M_USDT | −0.108% | +0.0100% | 8h | $2.0M | $1.0M | 10x | as long as short |
| Variational Omni M | −0.099% | +0.0100% | 4h | $91K | $43K | — | as long as short |
| Bitget MUSDT | −0.067% | +0.0100% | 4h | $1.9M | $419K | 10x | as long as short |
| BloFin M-USDT | −0.061% | +0.0591% | 4h | $360K | $452K | 10x | as long as short |
| Bybit MUSDT | −0.034% | +0.0100% | 4h | $4.7M | $2.7M | 20x | as long as short |
| SunX M-USDT | −0.013% | +0.0100% | 4h | $2K | $509K | 20x | as long as short |
| Orderly PERP_M_USDClong | 0.000% | +0.0100% | 4h | $2K | $219 | 10x | |
| BingX M-USDT | +0.020% | +0.0524% | 4h | — | $2.4M | — | as long as short |
| Binance MUSDT | +0.061% | +0.0586% | 4h | $5.5M | $5.2M | 10x | as long as short |
Show all 12 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.081% | +0.0580% | 4h | $249K | $120K | 50x | as long as short |
| Aster MUSDT | +0.085% | +0.0410% | 4h | $16K | $121K | 5x | as long as short |