Funding you earn now, next payment 06:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.041%
Price spread now: Orderly against ApeX Omni−0.123%70s7-day average +0.084% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.123%, 7d avg +0.084%
=Funding pays, the price is against you. Orderly is 0.208% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of +0.084%). If the spread goes back, that is −$21 on $10k: about 7.8 days of funding at the current rate (+$3 a day). The two prices were read 70 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 | ApeX Omni ETHUSDT | 2,724.6 | 0.0100 | pay 0.0013% / 1h | 31m 40s | $8.6M | $31.3M | 100x |
| Short | Orderly PERP_ETH_USDC | 2,721.2 | 0.0189 | get 0.0189% / 8h | 2h 31m | $32.0M | $11.4M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against ApeX 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
- $18.59
- Price spread: −0.123% → +0.084%
- −$20.75
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$18.17
- Costs to cover
- 0.160%
- Break-even
- 13.8 days
Slippage unknown: ApeX Omni: live order book, 2 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 ApeX Omni live order book, 2 min ago | 0.15 bp | 5.1 bp −$5 | 6.7 bp −$67 | 20.8 bp −$2,076 | 51.8 bp −$25.9K |
| 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.
ETH on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0447% | 43m | 2,720.2 | −0.160% | $282K | $5.7M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,718.2 | −0.234% | $5K | $1K | 50x | as long as short |
| HTX ETH-USDT | −0.0011% | 8h | 2,718.4 | −0.226% | $1.05B | $1.21B | 200x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,719.7 | −0.180% | $11.9M | — | 200x | as long as short |
| Phoenix ETH | −0.0009% | 1h | 2,721.6 | −0.109% | $815K | $3.0M | 25x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0008% | 1h | 2,719.8 | −0.177% | $30.0M | — | 200x | as long as short |
| Injective ETH/USDC PERP | +0.0009% | 1h | 2,721.5 | −0.113% | $117K | $22.5M | 52x | as long as short |
| dYdX ETH-USD | +0.0010% | 1h | 2,719 | −0.205% | $10.7M | $42.0M | 50x | as long as short |
| Deribit ETH-PERPETUAL | +0.0011% | 1h | 2,719.7 | −0.179% | $258.7M | $206.2M | 50x | as long as short |
| 01 Exchange ETHUSD | +0.0032% | 1h | 2,720.6 | −0.146% | $186K | $787K | 50x | as long as short |
Show all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ETH-USDC | +0.0033% | 8h | 2,717.6 | −0.255% | — | $18.5M | — | as long as short |
| Bybit ETHUSDT | +0.0042% | 8h | 2,718.1 | −0.240% | $2.35B | $4.41B | 150x | as long as short |
| SunX ETH-USDT | +0.0069% | 8h | 2,719.6 | −0.182% | $953K | $11.2M | 100x | as long as short |
| Bullet ETH-USD | +0.0070% | 1h | 2,719.1 | −0.201% | $179K | $1.7M | 20x | as long as short |
| Aftermath Perps ETHUSD | +0.0071% | 1h | 2,721.9 | −0.100% | $30K | $20K | 20x | as long as short |
| KuCoin ETHUSDTM | +0.0076% | 8h | 2,718.6 | −0.219% | $374.4M | $577.8M | 100x | as long as short |
| Aster ETHUSDT | +0.0084% | 8h | 2,718.7 | −0.217% | $251.5M | $843.6M | 200x | as long as short |
| Aevo ETH-PERP | +0.0088% | 1h | 2,715.9 | −0.320% | $4.9M | $155K | 20x | as long as short |
| MEXC ETH_USDT | +0.0091% | 8h | 2,718.3 | −0.230% | $1.56B | $2.58B | 500x | as long as short |
| OKX ETH-USDT-SWAP | +0.0091% | 8h | 2,718.5 | −0.224% | $1.65B | $10.77B | 100x | as long as short |
| Binance ETHUSDT | +0.0091% | 8h | 2,718.8 | −0.213% | $6.29B | $16.06B | 150x | as long as short |
| Phemex ETHUSDT | +0.0095% | 8h | 2,719.1 | −0.202% | $262.8M | $64.3M | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,718.9 | −0.210% | $111.2M | $432.7M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,720 | −0.167% | $23.3M | $103.2M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,718.4 | −0.227% | $497K | $3.4M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,721 | −0.133% | $15.2M | $8.0M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,720.2 | −0.160% | $13.8M | $104.9M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,719.9 | −0.172% | $3.08B | $2.05B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,719.5 | −0.186% | $31.8M | $334.4M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,717.9 | −0.245% | $2.7M | $16.7M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,718.9 | −0.208% | $1.5M | $16.2M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,719 | −0.206% | $161.7M | $327.3M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,718.5 | −0.224% | $3.30B | $8.95B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,718.5 | −0.224% | $2.07B | $2.76B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,718.6 | −0.219% | $14.9M | $43.1M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,723.2 | −0.049% | $133.0M | $326.9M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,724.1 | −0.017% | $184.5M | $676.2M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,723.6 | −0.036% | $158.5M | $87.0M | 50x | as long as short |
| ApeX Omni ETHUSDTlong | +0.0100% | 1h | 2,724.6 | long leg | $8.6M | $31.3M | 100x | |
| StandX ETH-USD | +0.0100% | 1h | 2,718 | −0.242% | $20.9M | $71.3M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,720.6 | −0.147% | — | $876K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,720.9 | −0.135% | $11.1M | $9.6M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,719.7 | −0.179% | $22K | $21K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,719.9 | −0.174% | $40.8M | $30.1M | 15x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,718.7 | −0.216% | $54.1M | $187.8M | 40x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,717.6 | −0.257% | $30.5M | $74.1M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0104% / S +0.0048% | 1h | 2,720.3 | −0.156% | — | $31.3M | 500x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,720.4 | −0.155% | $49.7M | $4.28B | 50x | as long as short |
| RISEx ETH/USDC | +0.0108% | 1h | 2,719 | −0.203% | $5.5M | $11.8M | 25x | as long as short |
| Kalshi KXETHPERP | +0.0157% | 8h | 2,720 | −0.168% | $6.5M | $691.7M | 4.9x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0177% | 1h | 2,719.4 | −0.190% | $82.7M | $315.7M | 100x | as long as short |
| Orderly PERP_ETH_USDCshort | +0.0189% | 8h | 2,721.2 | −0.123% | $32.0M | $11.4M | 100x | |
| Reya ETHRUSDPERP | +0.0201% | 1h | 2,718.3 | −0.230% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0248% | 1h | 2,720.4 | −0.154% | $248K | $1.4M | 20x | as long as short |
| BloFin ETH-USDT | +0.0251% | 8h | 2,717.8 | −0.250% | $281.2M | $174.1M | 150x | as long as short |
ApeX Omni ETHUSDT
HTX ETH-USDT
GMX ETH/USD [ETH-USDC]
Phoenix ETH
gTrade (Gains Network) ETH/USD
Injective ETH/USDC PERP
Deribit ETH-PERPETUAL
01 Exchange ETHUSD
BingX ETH-USDC
Bybit ETHUSDT
SunX ETH-USDT
Bullet ETH-USD
Aftermath Perps ETHUSD
KuCoin ETHUSDTM
Aster ETHUSDT
MEXC ETH_USDT
OKX ETH-USDT-SWAP
Binance ETHUSDT
Phemex ETHUSDT
Lighter ETH
Lighter RH ETH
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Hyperliquid ETH
Pacifica ETH
Bulk ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SoDEX ETH-USD
Extended ETH-USD
Coinbase International ETH-PERP-INTX
RISEx ETH/USDC
Kalshi KXETHPERP
Kraken Futures PF_ETHUSD
BloFin ETH-USDT