Funding you earn now, next payment 22:00 UTC−0.0429%/8h= −47.0% APRpaid last 24h −0.092%
Price spread now: Deribit against Orderly+0.055%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
The price spread pays, funding is against you. Deribit is 0.055% dearer against Orderly than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETHFI_USDC | 0.7224 | −0.0150 | get 0.0075% / 4h | 2h 47m | $17K | $1K | 10x |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.7228 | −0.0579 | pay 0.0072% / 1h | 47m 47s | $42K | $18K | 10x |
Orderly PERP_ETHFI_USDC
Deribit ETHFI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$90.18
- Price spread: +0.055% → 0.000%
- $5.54
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$97.64
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Orderly and 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 | −0.0579% | 1h | 0.7228 | +0.055% | $42K | $18K | 10x | |
| Kraken Futures PF_ETHFIUSD | −0.0211% | 1h | 0.7231 | +0.103% | $282K | $131K | 20x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0150% | 4h | 0.7224 | long leg | $17K | $1K | 10x | |
| HTX ETHFI-USDT | −0.0076% | 4h | 0.7208 | −0.221% | $84K | $151K | 20x | as long as short |
| Bitget ETHFIUSDT | +0.0004% | 4h | 0.7225 | +0.014% | $6.2M | $5.5M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.221% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0039% | 8h | 0.7223 | −0.017% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0056% | 4h | 0.7218 | −0.089% | $1.1M | $709K | — | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7229 | +0.072% | $1.1M | $881K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7236 | +0.170% | $19.7M | $7.4M | 5x | as long as short |
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Bitget ETHFIUSDT
Injective ETHFI/USDC PERP
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 | 0.7233 | +0.125% | $184K | $237K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7226 | +0.025% | $25.5M | $35.6M | 75x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7234 | +0.138% | $18.6M | $12.4M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7231 | +0.097% | $4.9M | $12.0M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7230 | +0.083% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7225 | +0.014% | $15.3M | $3.6M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7228 | +0.055% | $1.2M | $269K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7230 | +0.083% | — | $25.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7236 | +0.170% | $57K | $81K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7229 | +0.069% | $2K | $1.0M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7224 | +0.006% | $101K | $488K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7232 | +0.114% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7268 | +0.609% | $32K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7214 | −0.138% | $1.3M | $289K | 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-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT