Funding you earn now, next payment 05:00 UTC−0.0342%/8h= −37.5% APRpaid last 24h −0.077%
Price spread now: Orderly against Polymarket Perps−0.148%7-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
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Orderly is 0.148% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ETHFI-USD | 0.7043 | 0.0100 | pay 0.0013% / 1h | 32m 22s | $65K | $125K | 5x |
| Short | Orderly PERP_ETHFI_USDC | 0.7033 | −0.0242 | pay 0.0121% / 4h | 3h 32m | $16K | $1K | 10x |
Polymarket Perps ETHFI-USD
Orderly PERP_ETHFI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Polymarket Perps. 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
- −$71.92
- Price spread: −0.148% → 0.000%
- −$14.77
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$100.68
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 51 min ago; Orderly: 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 Polymarket Perps live order book, 51 min ago | 3.67 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.1053% | 4h | 0.7013 | −0.432% | $85K | $171K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0318% | 1h | 0.7036 | −0.105% | $40K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0305% | 1h | 0.7035 | −0.115% | $260K | $212K | 20x | as long as short |
| Orderly PERP_ETHFI_USDCshort | −0.0242% | 4h | 0.7033 | −0.148% | $16K | $1K | 10x | |
| Paradex ETHFI-USD-PERP | −0.0001% | 8h | 0.7031 | −0.171% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0017% | 4h | 0.7023 | −0.293% | $980K | $703K | — | as long as short |
| Bybit ETHFIUSDT | +0.0018% | 4h | 0.7033 | −0.148% | $17.6M | $12.5M | 25x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.791% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0062% | 4h | 0.7031 | −0.176% | $15.9M | $4.1M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0062% | 4h | 0.7031 | −0.173% | $24.4M | $34.9M | 75x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
Bybit ETHFIUSDT
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ETHFI-USD | +0.0064% | 1h | 0.7030 | −0.185% | $95K | $374K | 10x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7043 | −0.007% | $1.1M | $841K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7036 | −0.109% | $8K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7037 | −0.097% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7032 | −0.165% | $180K | $228K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7040 | −0.048% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7037 | −0.091% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7032 | −0.162% | $1.2M | $227K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7029 | −0.204% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7035 | −0.119% | — | $8.8M | — | as long as short |
| Polymarket Perps ETHFI-USDlong | +0.0100% | 1h | 0.7043 | long leg | $65K | $125K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7032 | −0.162% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0250% | 4h | 0.7016 | −0.389% | $1.2M | $242K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7054 | +0.150% | $31K | $6K | 50x | as long as short |
Extended ETHFI-USD
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX