Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.088%
Price spread now: MEXC against Orderly−0.124%7-day average +0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.634%+$63 on $10k
+Price spread, last 3 days (all we have)+0.225%+$23 · spread now −0.124%, 7d avg +0.023%
=Funding pays, the price is against you. MEXC is 0.147% cheaper against Orderly than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of +0.023%). If the spread goes back, that is −$15 on $10k: about 8.2 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.634% in total) that is about 39 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_S_USDC | 0.04041 | 0.0040 | pay 0.0020% / 4h | 2h 42m | $105K | $330K | 10x |
| Short | MEXC S_USDT | 0.04036 | 0.0100 | get 0.0050% / 4h | 2h 42m | $3.9M | $1.8M | 200x |
Orderly PERP_S_USDC
MEXC S_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $12.6
- Price spread: −0.124% → +0.023%
- −$14.71
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$12.1
- Costs to cover
- 0.100%
- Break-even
- 13.7 days
Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 10 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 MEXC live order book, 10 min ago | 1.25 bp | 3.5 bp −$3 | 83.9 bp −$839 | 271.4 bp −$27.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.9384% | 1h | 0.03850 | −4.727% | $24K | $2K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −0.1464% | 1h | 0.03946 | −2.351% | $49K | $5K | 25x | as long as short |
| Kraken Futures PF_SUSD | −0.1252% | 1h | 0.04046 | +0.112% | $34K | $23K | 10x | as long as short |
| Variational Omni S | −0.0553% | 4h | 0.04015 | −0.634% | $624K | $30K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04041 | +0.002% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04037 | −0.102% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04040 | −0.013% | $2K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +1.460% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDClong | +0.0040% | 4h | 0.04041 | long leg | $105K | $330K | 10x | |
| Lighter S | +0.0096% | 1h | 0.04042 | +0.025% | $166K | $165K | 5x | as long as short |
01 Exchange SUSD
Coinbase International S-PERP-INTX
Kraken Futures PF_SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
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 | 0.04045 | +0.099% | $1.0M | $612K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04044 | +0.067% | $44K | $137K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04031 | −0.240% | $5.5M | $15.4M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04025 | −0.396% | $5.7M | $4.9M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04029 | −0.297% | $1.0M | $4.5M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04035 | −0.148% | $334K | $202K | 50x | as long as short |
| MEXC S_USDTshort | +0.0100% | 4h | 0.04036 | −0.124% | $3.9M | $1.8M | 200x | |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04039 | −0.049% | $1.9M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04033 | −0.198% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04034 | −0.173% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04020 | −0.520% | $26K | $447K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04027 | −0.346% | $228K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04024 | −0.421% | $272K | $122K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0934% | 1h | 0.04050 | +0.223% | $119K | $335K | 5x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0987% | 1h | 0.04046 | +0.124% | $68K | $10K | 10x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP
Deribit S_USDC-PERPETUAL