Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.071%
Price spread now: Orderly against Gate+0.224%7-day average +0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.692%−$69 on $10k
+Price spread, last 4 days (all we have)−0.268%−$27 · spread now +0.224%, 7d avg +0.033%
=The price spread pays, funding is against you. Orderly is 0.190% dearer against Gate than usual: you sell high and buy low (spread +0.224% now, against its 7-day average of +0.033%): +$19 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 39 days. At the pace of the last 7 days (−0.692% in total) that is about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate S_USDT | 0.04025 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $328K | $185K | 50x |
| Short | Orderly PERP_S_USDC | 0.04034 | 0.0084 | get 0.0042% / 4h | 2h 15m | $100K | $556K | 10x |
Gate S_USDT
Orderly PERP_S_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
- −$3.44
- Price spread: +0.224% → +0.033%
- $19.02
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$5.41
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 30 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, 30 min ago | 8.88 bp | 79.3 bp −$79 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −1.0240% | 1h | 0.03840 | −4.596% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.1804% | 1h | 0.04031 | +0.157% | $35K | $16K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1232% | 1h | 0.03961 | −1.590% | $48K | $18K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04033 | +0.199% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04035 | +0.239% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0050% | 4h | 0.04028 | +0.083% | $625K | $25K | — | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04034 | +0.224% | $622 | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +1.863% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDCshort | +0.0084% | 4h | 0.04034 | +0.224% | $100K | $556K | 10x | |
| Lighter S | +0.0096% | 1h | 0.04035 | +0.248% | $172K | $140K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Variational Omni S
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04029 | +0.092% | $1.0M | $595K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04025 | 0.000% | $47K | $111K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04025 | 0.000% | $5.7M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04018 | −0.174% | $5.7M | $4.3M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04021 | −0.099% | $1.0M | $3.8M | 20x | as long as short |
| Gate S_USDTlong | +0.0100% | 4h | 0.04025 | long leg | $328K | $185K | 50x | |
| MEXC S_USDT | +0.0100% | 4h | 0.04032 | +0.174% | $3.8M | $1.7M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04026 | +0.025% | $1.8M | $2.8M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04026 | +0.025% | $1.2M | $2.3M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04025 | 0.000% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04020 | −0.124% | $24K | $484K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04023 | −0.046% | $226K | $593K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04022 | −0.075% | $276K | $115K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0990% | 1h | 0.04037 | +0.298% | $68K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.2414% | 1h | 0.04040 | +0.373% | $117K | $426K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP