S

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.048%

Price spread now: Orderly against Bitget−0.406%7-day average −0.070% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.600%−$60 on $10k

Price spread, last 4 days (all we have)−0.265%−$26 · spread now −0.406%, 7d avg −0.070%

Together, before fees−0.864%−$86 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 0.336% cheaper against Bitget than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.070%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SUSDT	0.04430	0.0100	pay 0.0050% / 4h	3h 12m	$1.3M	$2.7M	50x
Short	Orderly PERP_S_USDC	0.04412	0.0066	get 0.0033% / 4h	3h 12m	$110K	$643K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee OrderlybpOrdersPrice spread, now −0.406%Rate

Funding earned: −$7.16
Price spread: −0.406% → −0.070%: −$33.63
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$58.79
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	11.32 bp	24.0 bp −$24	93.7 bp −$937	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.

S on 25 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
Kraken Futures PF_SUSD	−0.2574%	1h	0.04408	−0.489%	$37K	$21K	10x	as long as short
01 Exchange SUSD	−0.2392%	1h	0.04450	+0.451%	$27K	$3K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04308	−2.754%	$53K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04414	−0.359%	$2K	—	100x	as long as short
Variational Omni S	−0.0130%	4h	0.04416	−0.308%	$683K	$7K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04410	−0.451%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04413	−0.393%	$680	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−7.449%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDCshort	+0.0066%	4h	0.04412	−0.406%	$110K	$643K	10x
Lighter S	+0.0096%	1h	0.04412	−0.406%	$154K	$149K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04429	−0.025%	$1.1M	$758K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04414	−0.351%	$47K	$187K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04414	−0.361%	$6.6M	$17.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04421	−0.203%	$6.3M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04425	−0.113%	$1.3M	$5.2M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04423	−0.158%	$376K	$234K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04429	−0.023%	$4.6M	$2.5M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04413	−0.384%	$2.1M	$2.8M	50x	as long as short
Bitget SUSDTlong	+0.0100%	4h	0.04430	long leg	$1.3M	$2.7M	50x
BingX S-USDT	+0.0100%	4h	0.04426	−0.090%	—	$7.0M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04430	0.000%	$26K	$516K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04409	−0.470%	$242K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04430	0.000%	$320K	$121K	75x	as long as short
Backpack S_USDC_PERP	+0.0828%	1h	0.04430	0.000%	$104K	$472K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.1110%	1h	0.04418	−0.271%	$74K	$512	10x	as long as short