Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRnext payment +$2.20 per $10,000 · paid last 24h +0.041%
Price spread now: Gate against Orderly−0.292%7-day average −0.141% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.292%, 7d avg −0.141%
=Funding pays, the price is against you. Gate is 0.152% cheaper against Orderly than usual: you would sell low and buy high (spread −0.292% now, against its 7-day average of −0.141%). If the spread goes back, that is −$15 on $10k: about 2.3 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.124% in total) that is about 8.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SPX500_USDC | 7,764.7 | −0.0220 | get 0.0220% / 8h | 5h 08m | $361K | $129K | 20x |
| Short | Gate SPX500_USDT | 7,742 | 0 | get 0.0000% / 8h | 5h 08m | $1.7M | $139K | 100x |
Orderly PERP_SPX500_USDC
Gate SPX500_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $46.23
- Price spread: −0.292% → −0.141%
- −$15.15
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $10.08
- Costs to cover
- 0.210%
- Break-even
- 5.5 days
Slippage unknown: Orderly: no order-book sample; Gate: 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 Gate live order book, 4 min ago | 4.60 bp | 15.1 bp −$15 | 60.9 bp −$609 | 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.
SPX500 on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SPX500_USDClong | −0.0220% | 8h | 7,764.7 | long leg | $361K | $129K | 20x | |
| MEXC SPX500_USDT | −0.0088% | 8h | 7,767.9 | +0.041% | $71.5M | $48.5M | 200x | as long as short |
| Gate SPX500_USDTshort | 0.0000% | 8h | 7,742 | −0.292% | $1.7M | $139K | 100x | |
| SunX SPX500-USDT | +0.0050% | 1h | 7,709.5 | −0.711% | $2K | $2.5M | 20x | as long as short |
| HTX SPX500-USDT | +0.0050% | 1h | 7,758.1 | −0.085% | $501K | $226K | 30x | as long as short |
MEXC SPX500_USDT
SunX SPX500-USDT
HTX SPX500-USDT