Funding you earn now, next payment 00:00 UTC+0.0272%/8h= +29.7% APRnext payment +$1.36 per $10,000 · paid last 24h +0.050%
Price spread now: Bybit against Orderly+0.084%7-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
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.084% dearer against Orderly than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETHFI_USDC | 0.7154 | −0.0172 | get 0.0086% / 4h | 2h 14m | $16K | $1K | 10x |
| Short | Bybit ETHFIUSDT | 0.7160 | 0.0100 | get 0.0050% / 4h | 2h 14m | $18.3M | $12.8M | 25x |
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. 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
- $57.05
- Price spread: +0.084% → 0.000%
- $8.39
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $48.44
- Costs to cover
- 0.170%
- Break-even
- 1.1 days
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 4 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 1.40 bp | 23.1 bp −$23 | 55.4 bp −$554 | doesn't fit | doesn't fit |
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 | −0.0588% | 1h | 0.7158 | +0.056% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0220% | 4h | 0.7147 | −0.098% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0213% | 1h | 0.7164 | +0.141% | $282K | $145K | 20x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0172% | 4h | 0.7154 | long leg | $16K | $1K | 10x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.202% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0043% | 8h | 0.7155 | +0.019% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0044% | 4h | 0.7156 | +0.028% | $6.1M | $5.6M | 75x | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7152 | −0.029% | $92K | $495K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0088% | 4h | 0.7153 | −0.014% | $15.2M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0091% | 4h | 0.7154 | +0.004% | $24.9M | $37.0M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7160 | +0.091% | $1.1M | $909K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7165 | +0.147% | $18.2M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7162 | +0.117% | $183K | $255K | 10x | as long as short |
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7160 | +0.084% | $18.3M | $12.8M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7157 | +0.042% | $4.9M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7161 | +0.098% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7155 | +0.014% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7158 | +0.056% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7147 | −0.095% | $1.0M | $707K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7160 | +0.082% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7158 | +0.056% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7155 | +0.014% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7165 | +0.154% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0328% | 4h | 0.7154 | 0.000% | $1.3M | $294K | 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