Funding you earn now, next payment 11:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%
Price spread now: Injective against Orderly−0.023%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.272%−$27 on $10k
+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. Injective is 0.023% cheaper against Orderly than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.272%, so the current rate has only just turned in your favour. The two prices were read 58 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_EURUSD_USDC | 1.1469 | 0 | get 0.0000% / 8h | 5h 56m | $247K | $122K | 50x |
| Short | Injective EURUSD/USDC PERP | 1.1466 | 0.0033 | get 0.0004% / 1h | 56m 21s | $9K | $78K | 101x |
Orderly PERP_EURUSD_USDC
Injective EURUSD/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $7
- Price spread: −0.023% → 0.000%
- −$2.27
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1.29
- Costs to cover
- 0.060%
- Break-even
- 8.3 days
Slippage unknown: Orderly: no order-book sample; Injective: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Orderly and Injective: 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.
EUR on 18 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EURUSD-PERP | −0.0800% | 1h | 1.1471 | +0.017% | $33K | — | 50x | as long as short |
| MEXC EUR_USDT | −0.0282% | 4h | 1.1471 | +0.017% | $6.8M | $141K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0111% | 1h | 1.1466 | −0.030% | $3K | — | 50x | as long as short |
| Nado EURUSD-PERP | −0.0055% | 1h | 1.1473 | +0.033% | $191K | $298K | 40x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1478 | +0.075% | $2.1M | $507K | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1484 | +0.129% | $624K | $350K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1472 | +0.026% | $144K | $3K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1472 | +0.026% | $263K | $27K | 100x | as long as short |
| Orderly PERP_EURUSD_USDClong | 0.0000% | 8h | 1.1469 | long leg | $247K | $122K | 50x | |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1473 | +0.035% | — | $1.7M | 10x | as long as short |
Hotstuff EURUSD-PERP
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Nado EURUSD-PERP
Lighter EURUSD
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
SunX EURUSD-USDTShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1476 | +0.061% | $12K | $271K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1469 | +0.004% | $6.8M | $1.3M | 100x | as long as short |
| Injective EURUSD/USDC PERPshort | +0.0033% | 1h | 1.1466 | −0.023% | $9K | $78K | 101x | |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1502 | +0.283% | — | $202K | 100x | as long as short |
| tradeXYZ xyz:EUR | +0.0069% | 1h | 1.1473 | +0.035% | $23.2M | $1.9M | 50x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1470 | +0.006% | $196K | $64K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1473 | +0.037% | $12K | — | 10x | as long as short |
| Hibachi EUR/USDT-P | +0.0392% | 1h | 1.1470 | +0.008% | $157K | $8.2M | 30x | as long as short |
HTX EURUSD-USDT
Extended EUR-USD
Vest EUR-USD-PERP
tradeXYZ xyz:EUR
Pacifica EURUSD
Aevo EURUSD-PERP
Hibachi EUR/USDT-P