Funding you earn now, next payment 00:00 UTC−0.0285%/8h= −31.2% APRnext payment −$1.42 per $10,000 · paid last 24h −0.051%
Price spread now: Orderly against Gate−0.070%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
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Orderly is 0.070% cheaper against Gate than usual: you would sell low and buy high (−$7 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 | Gate ETHFI_USDT | 0.7169 | 0.0100 | pay 0.0050% / 4h | 1h 21m | $1.7M | $2.1M | 75x |
| Short | Orderly PERP_ETHFI_USDC | 0.7164 | −0.0185 | pay 0.0092% / 4h | 1h 21m | $16K | $1K | 10x |
Gate ETHFI_USDT
Orderly PERP_ETHFI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Gate. 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
- −$59.75
- Price spread: −0.070% → 0.000%
- −$6.97
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$87.73
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago | 2.79 bp | 29.6 bp −$30 | 223.4 bp −$2,234 | 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 | −0.0586% | 1h | 0.7167 | −0.028% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0252% | 1h | 0.7179 | +0.137% | $281K | $148K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0199% | 4h | 0.7162 | −0.098% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDCshort | −0.0185% | 4h | 0.7164 | −0.070% | $16K | $1K | 10x | |
| Extended ETHFI-USD | +0.0032% | 1h | 0.7163 | −0.082% | $93K | $493K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0032% | 8h | 0.7169 | −0.006% | $6K | — | 5x | as long as short |
| Binance ETHFIUSDT | +0.0032% | 4h | 0.7164 | −0.070% | $24.8M | $37.2M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.990% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0034% | 4h | 0.7163 | −0.084% | $15.1M | $3.8M | 125x | as long as short |
| Bitget ETHFIUSDT | +0.0084% | 4h | 0.7164 | −0.070% | $6.1M | $5.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Extended ETHFI-USD
Paradex ETHFI-USD-PERP
Binance ETHFIUSDT
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Bitget ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7161 | −0.109% | $9K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7171 | +0.033% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7170 | +0.015% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7167 | −0.033% | $183K | $258K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7168 | −0.014% | $18.2M | $13.0M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7167 | −0.028% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDTlong | +0.0100% | 4h | 0.7169 | long leg | $1.7M | $2.1M | 75x | |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7167 | −0.028% | $1.2M | $272K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7167 | −0.028% | — | $26.1M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7143 | −0.361% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7167 | −0.022% | $59K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7169 | 0.000% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0129% | 4h | 0.7163 | −0.084% | $1.3M | $291K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7177 | +0.112% | $31K | $7K | 50x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX