Funding you earn now, next payment 00:00 UTC−0.0273%/8h= −29.9% APRnext payment −$1.37 per $10,000 · paid last 24h −0.050%
Price spread now: Orderly against Bybit−0.014%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
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.7136 | 0.0100 | pay 0.0050% / 4h | 1h 54m | $18.2M | $12.9M | 25x |
| Short | Orderly PERP_ETHFI_USDC | 0.7135 | −0.0173 | pay 0.0087% / 4h | 1h 54m | $16K | $1K | 10x |
Bybit ETHFIUSDT
Orderly PERP_ETHFI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bybit. 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
- −$57.36
- Price spread: −0.014% → 0.000%
- −$1.4
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$75.76
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.70 bp | 14.0 bp −$14 | 42.7 bp −$427 | 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 | −0.0590% | 1h | 0.7137 | +0.014% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0253% | 1h | 0.7150 | +0.191% | $281K | $145K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0200% | 4h | 0.7120 | −0.224% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDCshort | −0.0173% | 4h | 0.7135 | −0.014% | $16K | $1K | 10x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.457% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0041% | 8h | 0.7137 | +0.007% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0060% | 4h | 0.7138 | +0.028% | $6.1M | $5.7M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0078% | 4h | 0.7129 | −0.098% | $15.2M | $3.8M | 125x | as long as short |
| Extended ETHFI-USD | +0.0080% | 1h | 0.7131 | −0.064% | $92K | $495K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0081% | 4h | 0.7130 | −0.084% | $24.8M | $37.1M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
MEXC ETHFI_USDT
Extended ETHFI-USD
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7137 | +0.021% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7143 | +0.101% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7141 | +0.069% | $182K | $256K | 10x | as long as short |
| Bybit ETHFIUSDTlong | +0.0100% | 4h | 0.7136 | long leg | $18.2M | $12.9M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7131 | −0.070% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7143 | +0.098% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7139 | +0.042% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7139 | +0.042% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7124 | −0.170% | $1.0M | $746K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7138 | +0.035% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7142 | +0.084% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7127 | −0.126% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7147 | +0.154% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0312% | 4h | 0.7135 | −0.014% | $1.3M | $292K | 75x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT