Funding you earn now, next payment 23:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.064%
Price spread now: Orderly against Kraken Futures+0.007%55s7-day average — · you sell dearer than you buy
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: +$2 a day on $10k at the current rate. The two prices were read 55 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 | Kraken Futures PF_ETHFIUSD | 0.7171 | −0.0252 | get 0.0032% / 1h | 9m 22s | $282K | $148K | 20x |
| Short | Orderly PERP_ETHFI_USDC | 0.7172 | −0.0187 | pay 0.0094% / 4h | 1h 09m | $16K | $1K | 10x |
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Kraken Futures. 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
- $13.66
- Price spread: +0.007% → 0.000%
- $0.73
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$1.61
- Costs to cover
- 0.160%
- Break-even
- 7.8 days
Slippage unknown: Kraken Futures: live order book, 8 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 Kraken Futures live order book, 8 min ago | 11.16 bp | 31.2 bp −$31 | 138.1 bp −$1,381 | 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 | −0.0446% | 1h | 0.7177 | +0.077% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0270% | 4h | 0.7145 | −0.369% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | −0.0252% | 1h | 0.7171 | long leg | $282K | $148K | 20x | |
| Orderly PERP_ETHFI_USDCshort | −0.0187% | 4h | 0.7172 | +0.007% | $16K | $1K | 10x | |
| Binance ETHFIUSDT | +0.0023% | 4h | 0.7172 | +0.009% | $24.9M | $37.2M | 75x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0024% | 8h | 0.7166 | −0.077% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0024% | 1h | 0.7165 | −0.097% | $93K | $493K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0024% | 4h | 0.7172 | +0.007% | $15.1M | $3.8M | 125x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.955% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7170 | −0.018% | $9K | — | 3x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Binance ETHFIUSDT
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Injective ETHFI/USDC PERP
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ETHFIUSDT | +0.0094% | 4h | 0.7175 | +0.049% | $6.1M | $5.7M | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7171 | −0.012% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7187 | +0.211% | $18.2M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7173 | +0.016% | $183K | $259K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7176 | +0.063% | $18.2M | $13.0M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7176 | +0.063% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7176 | +0.063% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7173 | +0.021% | $1.2M | $272K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7176 | +0.063% | — | $26.1M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7166 | −0.083% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7174 | +0.038% | $59K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7162 | −0.132% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0104% | 4h | 0.7158 | −0.188% | $1.2M | $292K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7177 | +0.077% | $31K | $6K | 50x | as long as short |
Bitget ETHFIUSDT
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX