Funding you earn now, next payment 04:00 UTC+0.0334%/8h= +36.6% APRnext payment +$1.67 per $10,000 · paid last 24h +0.059%
Price spread now: Gate against Orderly+0.028%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 +$10 a day on $10k at the current rate, and Gate is 0.028% dearer against Orderly than usual: you sell high and buy low: +$3 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 | 0.7024 | −0.0234 | get 0.0117% / 4h | 4m 49s | $16K | $1K | 10x |
| Short | Gate ETHFI_USDT | 0.7026 | 0.0100 | get 0.0050% / 4h | 4m 49s | $1.7M | $2.0M | 75x |
Orderly PERP_ETHFI_USDC
Gate ETHFI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $70.21
- Price spread: +0.028% → 0.000%
- $2.85
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $52.05
- Costs to cover
- 0.210%
- Break-even
- 1.8 days
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago | 2.13 bp | 28.1 bp −$28 | 185.5 bp −$1,855 | 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 | −0.0461% | 1h | 0.7028 | +0.057% | $40K | $12K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0406% | 4h | 0.7015 | −0.128% | $87K | $168K | 20x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0234% | 4h | 0.7024 | long leg | $16K | $1K | 10x | |
| Paradex ETHFI-USD-PERP | +0.0005% | 8h | 0.7028 | +0.058% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.075% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7028 | +0.055% | $263K | $210K | 20x | as long as short |
| Variational Omni ETHFI | +0.0072% | 4h | 0.7029 | +0.075% | $981K | $706K | — | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7034 | +0.148% | $1.1M | $883K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7031 | +0.098% | $17.4M | $7.8M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7031 | +0.098% | $180K | $264K | 10x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Variational Omni ETHFI
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7020 | −0.060% | $24.4M | $35.2M | 75x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7019 | −0.071% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7028 | +0.057% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDTshort | +0.0100% | 4h | 0.7026 | +0.028% | $1.7M | $2.0M | 75x | |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7021 | −0.043% | $15.8M | $4.1M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7029 | +0.071% | $1.2M | $232K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7020 | −0.057% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7024 | 0.000% | — | $8.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7042 | +0.256% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7029 | +0.071% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7018 | −0.086% | $95K | $381K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7023 | −0.018% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7026 | +0.028% | $1.2M | $246K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7096 | +1.025% | $31K | $6K | 50x | as long as short |
Binance ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX