Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.058%
Price spread now: KuCoin against Orderly−0.175%7-day average −0.044% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.645%+$64 on $10k
+Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.175%, 7d avg −0.044%
=Funding pays, the price is against you. KuCoin is 0.131% cheaper against Orderly than usual: you would sell low and buy high (spread −0.175% now, against its 7-day average of −0.044%). If the spread goes back, that is −$13 on $10k: about 18 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.645% in total) that is about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_S_USDC | 0.03993 | 0.0076 | pay 0.0038% / 4h | 3h 47m | $99K | $269K | 10x |
| Short | KuCoin SUSDTM | 0.03986 | 0.0100 | get 0.0050% / 4h | 3h 47m | $1.8M | $2.7M | 50x |
Orderly PERP_S_USDC
KuCoin SUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Orderly. 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
- $5.02
- Price spread: −0.175% → −0.044%
- −$13.1
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$26.07
- Costs to cover
- 0.180%
- Break-even
- 43.3 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 4 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 4 min ago | 4.99 bp | 90.6 bp −$91 | 217.5 bp −$2,175 | 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.
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 | −0.2234% | 1h | 0.03988 | −0.126% | $33K | $13K | 10x | as long as short |
| 01 Exchange SUSD | −0.1544% | 1h | 0.03960 | −0.826% | $25K | $2K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −0.1344% | 1h | 0.03986 | −0.175% | $48K | $17K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.03994 | +0.025% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03999 | +0.147% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0028% | 4h | 0.03997 | +0.095% | $620K | $30K | — | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03995 | +0.050% | $616 | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +2.680% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDClong | +0.0076% | 4h | 0.03993 | long leg | $99K | $269K | 10x | |
| Lighter S | +0.0096% | 1h | 0.03997 | +0.100% | $168K | $156K | 5x | as long as short |
Kraken Futures PF_SUSD
01 Exchange 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 | 0.03985 | −0.193% | $999K | $596K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03994 | +0.036% | $49K | $140K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03986 | −0.182% | $5.6M | $14.0M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03981 | −0.301% | $5.7M | $4.6M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03984 | −0.225% | $999K | $3.9M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03989 | −0.100% | $325K | $189K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03987 | −0.150% | $3.7M | $1.7M | 200x | as long as short |
| KuCoin SUSDTMshort | +0.0100% | 4h | 0.03986 | −0.175% | $1.8M | $2.7M | 50x | |
| Bitget SUSDT | +0.0100% | 4h | 0.03987 | −0.150% | $1.2M | $2.3M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03984 | −0.225% | — | $6.8M | — | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03983 | −0.240% | $225K | $1.1M | 10x | as long as short |
| ApeX Omni SUSDT | +0.0287% | 1h | 0.04000 | +0.175% | $24K | $461K | 50x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04000 | +0.175% | $271K | $103K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.1002% | 1h | 0.03998 | +0.125% | $67K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1981% | 1h | 0.04000 | +0.175% | $116K | $424K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
Bitget SUSDT
BingX S-USDT
Extended S-USD
ApeX Omni SUSDT
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP