Funding you earn now, next payment 00:00 UTC+0.0080%/8h= +8.7% APRnext payment +$0.40 per $10,000 · paid last 24h +0.034%
Price spread now: HTX against Orderly−0.141%54s7-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
Funding pays, the price is against you. HTX is 0.141% cheaper against Orderly than usual: you would sell low and buy high (spread −0.141% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 5.9 days of funding at the current rate (+$2 a day). The two prices were read 54 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 | Orderly PERP_ETHFI_USDC | 0.7076 | −0.0166 | get 0.0083% / 4h | 2h 27m | $16K | $1K | 10x |
| Short | HTX ETHFI-USDT | 0.7066 | −0.0086 | pay 0.0043% / 4h | 2h 27m | $82K | $164K | 20x |
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $16.77
- Price spread: −0.141% → 0.000%
- −$14.13
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$15.37
- Costs to cover
- 0.180%
- Break-even
- 13.4 days
Slippage unknown: Orderly: no order-book sample; HTX: live order book, 58 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 HTX live order book, 58 min ago | 35.02 bp | 64.8 bp −$65 | doesn't fit | 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 | −0.1161% | 1h | 0.7079 | +0.042% | $41K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0216% | 1h | 0.7075 | −0.009% | $273K | $136K | 20x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0166% | 4h | 0.7076 | long leg | $16K | $1K | 10x | |
| HTX ETHFI-USDTshort | −0.0086% | 4h | 0.7066 | −0.141% | $82K | $164K | 20x | |
| Paradex ETHFI-USD-PERP | +0.0025% | 8h | 0.7068 | −0.111% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0028% | 4h | 0.7078 | +0.028% | $6.0M | $5.6M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.318% | $321 | $51K | 5.5x | as long as short |
| Binance ETHFIUSDT | +0.0086% | 4h | 0.7074 | −0.028% | $24.7M | $36.8M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0086% | 4h | 0.7077 | +0.014% | $15.1M | $3.8M | 125x | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7066 | −0.139% | $92K | $495K | 10x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
Injective ETHFI/USDC PERP
Binance ETHFIUSDT
MEXC ETHFI_USDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7071 | −0.071% | $1.1M | $907K | 5x | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7125 | +0.695% | $1.0M | $718K | — | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7075 | −0.008% | $18.2M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7069 | −0.101% | $181K | $254K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7082 | +0.085% | $18.1M | $12.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7081 | +0.071% | $4.9M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7080 | +0.057% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7073 | −0.042% | $1.2M | $269K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7080 | +0.057% | — | $25.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7079 | +0.041% | $59K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7089 | +0.184% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7080 | +0.057% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7090 | +0.198% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0330% | 4h | 0.7071 | −0.071% | $1.3M | $291K | 75x | as long as short |
Lighter ETHFI
Variational Omni ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT