Funding you earn now, next payment 22:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.022%
Price spread now: Orderly against Injective−0.166%58s7-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 −$5 a day on $10k at the current rate, and Orderly is 0.166% cheaper against Injective than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | pay 0.0004% / 1h | 51m 58s | $321 | $51K | 5.5x |
| Short | Orderly PERP_ETHFI_USDC | 0.7228 | −0.0147 | pay 0.0073% / 4h | 2h 51m | $17K | $1K | 10x |
Injective ETHFI/USDC PERP
Orderly PERP_ETHFI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Injective. 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
- −$37.78
- Price spread: −0.166% → 0.000%
- −$16.57
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$60.37
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Injective and 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 | −0.0717% | 1h | 0.7230 | −0.138% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0211% | 1h | 0.7236 | −0.062% | $282K | $131K | 20x | as long as short |
| Orderly PERP_ETHFI_USDCshort | −0.0147% | 4h | 0.7228 | −0.166% | $17K | $1K | 10x | |
| HTX ETHFI-USDT | −0.0011% | 4h | 0.7220 | −0.276% | $84K | $151K | 20x | as long as short |
| Bitget ETHFIUSDT | +0.0010% | 4h | 0.7224 | −0.221% | $6.2M | $5.5M | 75x | as long as short |
| Injective ETHFI/USDC PERPlong | +0.0033% | 1h | 0.7240 | long leg | $321 | $51K | 5.5x | |
| Paradex ETHFI-USD-PERP | +0.0035% | 8h | 0.7224 | −0.219% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0042% | 4h | 0.7242 | +0.027% | $1.1M | $711K | — | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7227 | −0.180% | $1.1M | $881K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7236 | −0.061% | $19.7M | $7.3M | 5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Bitget ETHFIUSDT
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
Lighter ETHFI
Hyperliquid ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7232 | −0.110% | $184K | $237K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7222 | −0.249% | $25.5M | $35.6M | 75x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7229 | −0.152% | $18.6M | $12.4M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7227 | −0.180% | $4.9M | $12.1M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7228 | −0.166% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7225 | −0.207% | $15.4M | $3.6M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7226 | −0.193% | $1.2M | $269K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7228 | −0.166% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7241 | +0.017% | $57K | $81K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7233 | −0.097% | $2K | $1.0M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7223 | −0.231% | $101K | $488K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7225 | −0.207% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7268 | +0.387% | $32K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7235 | −0.069% | $1.3M | $291K | 75x | as long as short |
Aster ETHFIUSDT
Binance ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT