Funding you earn now, next payment 08:00 UTC+0.0365%/8h= +39.9% APRnext payment +$1.82 per $10,000 · paid last 24h +0.057%
Price spread now: OKX against Orderly+0.331%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 +$11 a day on $10k at the current rate, and OKX is 0.331% dearer against Orderly than usual: you sell high and buy low: +$33 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 | 0.6940 | −0.0264 | get 0.0132% / 4h | 2h 21m | $16K | $1K | 10x |
| Short | OKX ETHFI-USDT-SWAP | 0.6963 | 0.0100 | get 0.0050% / 4h | 2h 21m | $5.1M | $12.5M | 20x |
Orderly PERP_ETHFI_USDC
OKX ETHFI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $76.55
- Price spread: +0.331% → 0.000%
- $33.14
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $93.69
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago | 1.44 bp | 12.5 bp −$13 | 42.1 bp −$421 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETHFIUSD | −0.0411% | 1h | 0.6957 | +0.251% | $285K | $286K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0326% | 1h | 0.6942 | +0.029% | $39K | $10K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0318% | 4h | 0.6940 | 0.000% | $80K | $183K | 20x | as long as short |
| Bybit ETHFIUSDT | −0.0269% | 4h | 0.6954 | +0.202% | $17.3M | $12.9M | 25x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0264% | 4h | 0.6940 | long leg | $16K | $1K | 10x | |
| Variational Omni ETHFI | −0.0165% | 4h | 0.6939 | −0.010% | $902K | $767K | — | as long as short |
| MEXC ETHFI_USDT | −0.0026% | 4h | 0.6958 | +0.259% | $15.7M | $4.1M | 125x | as long as short |
| Binance ETHFIUSDT | −0.0026% | 4h | 0.6951 | +0.159% | $24.1M | $35.7M | 75x | as long as short |
| Extended ETHFI-USD | −0.0024% | 1h | 0.6950 | +0.146% | $94K | $502K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0003% | 8h | 0.6951 | +0.153% | $6K | — | 5x | as long as short |
Kraken Futures PF_ETHFIUSD
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Bybit ETHFIUSDT
Variational Omni ETHFI
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Paradex ETHFI-USD-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.323% | $321 | $51K | 5.5x | as long as short |
| Aster ETHFIUSDT | +0.0042% | 4h | 0.6955 | +0.220% | $178K | $260K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.6936 | −0.054% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6942 | +0.035% | $1.1M | $831K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6952 | +0.166% | $16.8M | $8.4M | 5x | as long as short |
| OKX ETHFI-USDT-SWAPshort | +0.0100% | 4h | 0.6963 | +0.331% | $5.1M | $12.5M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6945 | +0.072% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6948 | +0.115% | $1.2M | $230K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6958 | +0.259% | $6.0M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6945 | +0.072% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6951 | +0.157% | $63K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6959 | +0.274% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0214% | 4h | 0.6951 | +0.159% | $1.2M | $239K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.6954 | +0.202% | $31K | $6K | 50x | as long as short |
Injective ETHFI/USDC PERP
Aster ETHFIUSDT
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX