Funding you earn now, next payment 08:00 UTC−0.0114%/8h= −12.5% APRnext payment −$1.14 per $10,000 · paid last 24h −0.034%
Price spread now: Aster against Orderly−0.080%7-day average −0.070% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.253%−$25 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.080%, 7d avg −0.070%
=Together, before fees−0.199%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.070%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETH_USDC | 2,738.5 | 0.0199 | pay 0.0199% / 8h | 3h 34m | $32.2M | $11.7M | 100x |
| Short | Aster ETHUSDT | 2,736.4 | 0.0084 | get 0.0084% / 8h | 3h 34m | $251.3M | $842.3M | 200x |
Orderly PERP_ETH_USDC
Aster ETHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$24.01
- Price spread: −0.080% → −0.070%
- −$0.96
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$38.97
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Aster: live order book, 5 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 Aster live order book, 5 min ago | 0.31 bp | 4.3 bp −$4 | 4.7 bp −$47 | 6.8 bp −$684 | 14.3 bp −$7,162 |
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.
ETH on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0447% | 43m | 2,736.7 | −0.067% | $297K | $5.6M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,737.7 | −0.030% | $5K | $1K | 50x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,736.7 | −0.068% | $11.9M | — | 200x | as long as short |
| Phoenix ETH | −0.0006% | 1h | 2,738.9 | +0.014% | $823K | $2.9M | 25x | as long as short |
| HTX ETH-USDT | +0.0002% | 8h | 2,735.2 | −0.123% | $1.06B | $1.20B | 200x | as long as short |
| dYdX ETH-USD | +0.0005% | 1h | 2,737.1 | −0.053% | $10.8M | $42.0M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0007% | 1h | 2,736.7 | −0.068% | $28.1M | — | 200x | as long as short |
| Bullet ETH-USD | +0.0027% | 1h | 2,736.2 | −0.085% | $180K | $1.7M | 20x | as long as short |
| BingX ETH-USDC | +0.0032% | 8h | 2,735.7 | −0.103% | — | $18.5M | — | as long as short |
| Deribit ETH-PERPETUAL | +0.0039% | 1h | 2,737.1 | −0.052% | $259.5M | $200.1M | 50x | as long as short |
Perpl ETH
Hotstuff ETH-PERP
GMX ETH/USD [ETH-USDC]
Phoenix ETH
HTX ETH-USDT
dYdX ETH-USD
gTrade (Gains Network) ETH/USD
Bullet ETH-USD
BingX ETH-USDC
Deribit ETH-PERPETUALShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHUSDT | +0.0042% | 8h | 2,735.8 | −0.102% | $2.37B | $4.37B | 150x | as long as short |
| ApeX Omni ETHUSDT | +0.0044% | 1h | 2,737.4 | −0.041% | $8.7M | $31.2M | 100x | as long as short |
| 01 Exchange ETHUSD | +0.0056% | 1h | 2,737.1 | −0.052% | $187K | $817K | 50x | as long as short |
| KuCoin ETHUSDTM | +0.0067% | 8h | 2,736 | −0.091% | $381.6M | $573.8M | 100x | as long as short |
| OKX ETH-USDT-SWAP | +0.0076% | 8h | 2,735.9 | −0.096% | $1.67B | $10.74B | 100x | as long as short |
| Phemex ETHUSDT | +0.0079% | 8h | 2,735.9 | −0.095% | $265.3M | $65.1M | 150x | as long as short |
| Aster ETHUSDTshort | +0.0084% | 8h | 2,736.4 | −0.080% | $251.3M | $842.3M | 200x | |
| SunX ETH-USDT | +0.0086% | 8h | 2,736.1 | −0.089% | $960K | $11.2M | 100x | as long as short |
| MEXC ETH_USDT | +0.0093% | 8h | 2,735.9 | −0.096% | $1.56B | $2.56B | 500x | as long as short |
| Binance ETHUSDT | +0.0093% | 8h | 2,735.9 | −0.096% | $6.36B | $15.89B | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,736.3 | −0.080% | $112.9M | $432.1M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,737.5 | −0.037% | $23.4M | $104.2M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,737.2 | −0.047% | — | $30.9M | 500x | as long as short |
| Aevo ETH-PERP | +0.0096% | 1h | 2,736.7 | −0.067% | $4.9M | $155K | 20x | as long as short |
| Injective ETH/USDC PERP | +0.0096% | 1h | 2,737.8 | −0.027% | $117K | $22.5M | 52x | as long as short |
| SoDEX ETH-USD | +0.0099% | 1h | 2,735.8 | −0.100% | $54.5M | $187.7M | 40x | as long as short |
| Paradex ETH-USD-PERP | +0.0099% | 8h | 2,740.4 | +0.067% | $15.6M | $8.0M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,736.3 | −0.081% | $505K | $3.3M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,737.1 | −0.052% | $13.8M | $104.5M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,738.4 | −0.005% | $3.11B | $2.04B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,737.8 | −0.027% | $32.1M | $333.7M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,736.2 | −0.085% | $2.7M | $16.7M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,737.3 | −0.044% | $1.5M | $15.9M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,736 | −0.091% | $3.34B | $8.88B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,736 | −0.094% | $2.07B | $2.73B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,735.5 | −0.109% | $15.2M | $40.6M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,735.4 | −0.115% | $133.6M | $322.1M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,737.2 | −0.049% | $184.1M | $670.7M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,735.9 | −0.095% | $159.2M | $87.0M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,738 | −0.019% | $21.1M | $69.3M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,737.3 | −0.044% | — | $844K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,737.6 | −0.034% | $11.2M | $9.2M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,737.2 | −0.048% | $21K | $20K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,738 | −0.021% | $41.3M | $29.9M | 15x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,739.4 | +0.030% | $170.6M | $337.3M | 25x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,735.3 | −0.119% | $30.6M | $73.0M | 50x | as long as short |
| RISEx ETH/USDC | +0.0107% | 1h | 2,737.3 | −0.046% | $5.6M | $11.7M | 25x | as long as short |
| Aftermath Perps ETHUSD | +0.0111% | 1h | 2,737.6 | −0.035% | $30K | $20K | 20x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0120% | 1h | 2,736.6 | −0.070% | $51.0M | $4.28B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0142% | 8h | 2,737.4 | −0.041% | $6.5M | $682.9M | 4.9x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0153% | 1h | 2,736.3 | −0.080% | $83.4M | $315.2M | 100x | as long as short |
| Orderly PERP_ETH_USDClong | +0.0199% | 8h | 2,738.5 | long leg | $32.2M | $11.7M | 100x | |
| Reya ETHRUSDPERP | +0.0212% | 1h | 2,735.1 | −0.125% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0264% | 1h | 2,737.3 | −0.046% | $245K | $1.4M | 20x | as long as short |
| BloFin ETH-USDT | +0.0375% | 8h | 2,736.7 | −0.069% | $283.5M | $175.3M | 150x | as long as short |
Bybit ETHUSDT
ApeX Omni ETHUSDT
01 Exchange ETHUSD
KuCoin ETHUSDTM
OKX ETH-USDT-SWAP
Phemex ETHUSDT
SunX ETH-USDT
MEXC ETH_USDT
Binance ETHUSDT
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Aevo ETH-PERP
Injective ETH/USDC PERP
SoDEX ETH-USD
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
Bulk ETH-USD
Extended ETH-USD
RISEx ETH/USDC
Aftermath Perps ETHUSD
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
Kraken Futures PF_ETHUSD
Reya ETHRUSDPERP
Hibachi ETH/USDT-P
BloFin ETH-USDT