Funding you earn now, next payment 22:00 UTC−0.0967%/8h= −105.9% APRpaid last 24h −0.128%
Price spread now: Deribit against OKX−0.070%46s7-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 −$29 a day on $10k at the current rate, and Deribit is 0.070% cheaper against OKX 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. The two prices were read 46 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 | OKX ETHFI-USDT-SWAP | 0.7158 | 0.0100 | pay 0.0050% / 4h | 2h 35m | $4.9M | $12.0M | 20x |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.7153 | −0.0867 | pay 0.0108% / 1h | 35m 29s | $42K | $18K | 10x |
OKX ETHFI-USDT-SWAP
Deribit ETHFI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against OKX. 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
- −$203.1
- Price spread: −0.070% → 0.000%
- −$6.99
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$227.09
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 3 min ago; Deribit: 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 OKX live order book, 3 min ago | 2.09 bp | 19.4 bp −$19 | 53.0 bp −$530 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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-PERPETUALshort | −0.0867% | 1h | 0.7153 | −0.070% | $42K | $18K | 10x | |
| Kraken Futures PF_ETHFIUSD | −0.0213% | 1h | 0.7159 | +0.015% | $279K | $131K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0152% | 4h | 0.7152 | −0.084% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0029% | 4h | 0.7148 | −0.140% | $83K | $164K | 20x | as long as short |
| Bitget ETHFIUSDT | +0.0020% | 4h | 0.7150 | −0.112% | $6.1M | $5.5M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.146% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0039% | 8h | 0.7150 | −0.113% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0079% | 4h | 0.7192 | +0.475% | $1.0M | $714K | — | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7154 | −0.061% | $1.1M | $889K | 5x | as long as short |
| Binance ETHFIUSDT | +0.0098% | 4h | 0.7150 | −0.109% | $25.2M | $35.8M | 75x | as long as short |
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Bitget ETHFIUSDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
Lighter ETHFI
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7153 | −0.071% | $19.1M | $7.8M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7159 | +0.012% | $182K | $248K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7153 | −0.070% | $18.4M | $12.4M | 25x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.7158 | long leg | $4.9M | $12.0M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7153 | −0.070% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7149 | −0.126% | $15.4M | $3.7M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7151 | −0.098% | $1.2M | $268K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7155 | −0.042% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7167 | +0.123% | $56K | $81K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7154 | −0.056% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7152 | −0.082% | $100K | $488K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7150 | −0.112% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7207 | +0.685% | $32K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7176 | +0.251% | $1.3M | $293K | 75x | as long as short |
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
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