Funding you earn now, next payment 04:00 UTC−0.0302%/8h= −33.1% APRnext payment −$1.51 per $10,000 · paid last 24h −0.062%
Price spread now: Orderly against Aster−0.112%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Orderly is 0.112% cheaper against Aster than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ETHFIUSDT | 0.7152 | 0.0100 | pay 0.0050% / 4h | 1h 19m | $183K | $256K | 10x |
| Short | Orderly PERP_ETHFI_USDC | 0.7144 | −0.0202 | pay 0.0101% / 4h | 1h 19m | $16K | $1K | 10x |
Aster ETHFIUSDT
Orderly PERP_ETHFI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Aster. 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
- −$63.42
- Price spread: −0.112% → 0.000%
- −$11.25
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$88.67
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 42 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 Aster live order book, 42 min ago | 5.59 bp | 45.6 bp −$46 | 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.
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0449% | 1h | 0.7146 | −0.085% | $41K | $12K | 10x | as long as short |
| Orderly PERP_ETHFI_USDCshort | −0.0202% | 4h | 0.7144 | −0.112% | $16K | $1K | 10x | |
| HTX ETHFI-USDT | −0.0090% | 4h | 0.7142 | −0.140% | $88K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.230% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0078% | 8h | 0.7145 | −0.094% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7157 | +0.062% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7154 | +0.026% | $17.9M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDTlong | +0.0100% | 4h | 0.7152 | long leg | $183K | $256K | 10x | |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7143 | −0.123% | $24.9M | $35.5M | 75x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7150 | −0.029% | $17.9M | $12.6M | 25x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Binance ETHFIUSDT
Bybit ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7158 | +0.083% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7153 | +0.013% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7146 | −0.085% | $15.5M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7154 | +0.027% | $1.2M | $253K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7145 | −0.099% | $6.1M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7152 | −0.001% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7156 | +0.051% | $1.0M | $716K | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7148 | −0.057% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7144 | −0.113% | $97K | $379K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7151 | −0.013% | $9K | — | 3x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0305% | 1h | 0.7151 | −0.021% | $271K | $202K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7160 | +0.111% | $1.2M | $250K | 75x | as long as short |
| Polymarket Perps ETHFI-USD | +0.0499% | 1h | 0.7165 | +0.185% | $71K | $118K | 5x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0512% | 1h | 0.7169 | +0.237% | $31K | $6K | 50x | as long as short |
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Variational Omni ETHFI
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT
Polymarket Perps ETHFI-USD
Coinbase International ETHFI-PERP-INTX