Funding you earn now, next payment 04:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.96 per $10,000 · paid last 24h −0.047%
Price spread now: Orderly against Variational Omni+0.030%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Orderly is 0.030% dearer against Variational Omni than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 hours. The two prices were read 48 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 | Variational Omni ETHFI | 0.7074 | −0.0021 | get 0.0010% / 4h | 2h 55m | $1.0M | $721K | — |
| Short | Orderly PERP_ETHFI_USDC | 0.7076 | −0.0212 | pay 0.0106% / 4h | 2h 55m | $16K | $1K | 10x |
Variational Omni ETHFI
Orderly PERP_ETHFI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Variational Omni. 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
- −$40.24
- Price spread: +0.030% → 0.000%
- $2.96
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$43.28
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago | 4.20 bp | doesn't fit | 42.0 bp −$420 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0738% | 1h | 0.7079 | +0.072% | $40K | $13K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0384% | 4h | 0.7060 | −0.197% | $82K | $159K | 20x | as long as short |
| Orderly PERP_ETHFI_USDCshort | −0.0212% | 4h | 0.7076 | +0.030% | $16K | $1K | 10x | |
| Variational Omni ETHFIlong | −0.0021% | 4h | 0.7074 | long leg | $1.0M | $721K | — | |
| Paradex ETHFI-USD-PERP | +0.0031% | 8h | 0.7080 | +0.084% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.348% | $321 | $51K | 5.5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7088 | +0.199% | $1.1M | $887K | 5x | as long as short |
| Extended ETHFI-USD | +0.0096% | 1h | 0.7080 | +0.082% | $97K | $389K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0098% | 4h | 0.7084 | +0.143% | $15.0M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0099% | 4h | 0.7067 | −0.091% | $24.6M | $36.5M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Lighter ETHFI
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7091 | +0.242% | $17.8M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7077 | +0.039% | $181K | $258K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7069 | −0.069% | $17.8M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7076 | +0.030% | $4.9M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7082 | +0.114% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7077 | +0.044% | $1.2M | $259K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7073 | −0.013% | $6.0M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7079 | +0.072% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7083 | +0.126% | $70K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7084 | +0.143% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7079 | +0.070% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7154 | +1.132% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0229% | 1h | 0.7084 | +0.140% | $269K | $170K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0339% | 4h | 0.7116 | +0.595% | $1.3M | $260K | 75x | as long as short |
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
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT