Funding you earn now, next payment 00:00 UTC+0.0747%/8h= +81.8% APRpaid last 24h −0.064%
Price spread now: Kraken Futures against Orderly+0.130%55s7-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 +$22 a day on $10k at the current rate, and Kraken Futures is 0.130% dearer against Orderly than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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 | 0.7153 | −0.0194 | get 0.0097% / 4h | 0m 27s | $16K | $1K | 10x |
| Short | Kraken Futures PF_ETHFIUSD | 0.7162 | 0.0553 | get 0.0069% / 1h | 0m 27s | $275K | $162K | 20x |
Orderly PERP_ETHFI_USDC
Kraken Futures PF_ETHFIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $156.81
- Price spread: +0.130% → 0.000%
- $13.03
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $153.84
- Costs to cover
- 0.160%
- Break-even
- 0.1 days
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 12 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 Kraken Futures live order book, 12 min ago | 11.92 bp | 23.9 bp −$24 | 141.6 bp −$1,416 | 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 | −0.0448% | 1h | 0.7159 | +0.084% | $41K | $13K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0359% | 4h | 0.7140 | −0.182% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0194% | 4h | 0.7153 | long leg | $16K | $1K | 10x | |
| Paradex ETHFI-USD-PERP | −0.0051% | 8h | 0.7153 | +0.002% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0009% | 4h | 0.7147 | −0.090% | $1.0M | $746K | — | as long as short |
| MEXC ETHFI_USDT | +0.0022% | 4h | 0.7151 | −0.028% | $15.2M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0022% | 4h | 0.7152 | −0.014% | $24.9M | $37.4M | 75x | as long as short |
| Extended ETHFI-USD | +0.0024% | 1h | 0.7149 | −0.062% | $92K | $492K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.216% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7150 | −0.040% | $9K | — | 3x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Injective ETHFI/USDC PERP
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ETHFI-USDT | +0.0089% | 4h | 0.7149 | −0.056% | $1.2M | $280K | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7163 | +0.141% | $1.1M | $897K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7158 | +0.070% | $18.0M | $9.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7154 | +0.014% | $183K | $259K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7153 | 0.000% | $18.1M | $13.2M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7160 | +0.098% | $5.0M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7156 | +0.042% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7151 | −0.028% | $1.2M | $270K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7154 | +0.014% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7154 | +0.014% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7155 | +0.024% | $59K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7165 | +0.168% | $1K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7237 | +1.174% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDshort | +0.0553% | 1h | 0.7162 | +0.130% | $275K | $162K | 20x |
BloFin ETHFI-USDT
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX