Funding you earn now, next payment 01:00 UTC+0.0508%/8h= +55.6% APRpaid last 24h +0.048%
Price spread now: Orderly against ApeX Omni−0.045%7-day average +0.086% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.355%+$35 on $10k
+Price spread, last 3 days (all we have)+0.111%+$11 · spread now −0.045%, 7d avg +0.086%
=Funding pays, the price is against you. Orderly is 0.131% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.086%). If the spread goes back, that is −$13 on $10k: about 21 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.355% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.355% in total (about 18.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ETHUSDT | 2,770.5 | −0.0362 | get 0.0045% / 1h | 54m 44s | $8.7M | $32.9M | 100x |
| Short | Orderly PERP_ETH_USDC | 2,769.3 | 0.0146 | get 0.0146% / 8h | 7h 54m | $32.6M | $12.1M | 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
- $106.69
- Price spread: −0.045% → +0.086%
- −$13.11
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $77.58
- Costs to cover
- 0.160%
- Break-even
- 1.9 days
Slippage unknown: ApeX Omni: live order book, 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 ApeX Omni live order book, 4 min ago | 0.05 bp | 5.1 bp −$5 | 5.5 bp −$55 | 19.3 bp −$1,935 | 49.7 bp −$24.8K |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ETH/USDC PERP | −0.0752% | 1h | 2,771.6 | +0.038% | $119K | $22.5M | 52x | as long as short |
| ApeX Omni ETHUSDTlong | −0.0362% | 1h | 2,770.5 | long leg | $8.7M | $32.9M | 100x | |
| Perpl ETH | −0.0223% | 43m | 2,768.1 | −0.087% | $284K | $6.8M | 8.3x | as long as short |
| RISEx ETH/USDC | −0.0128% | 1h | 2,766.9 | −0.130% | $5.7M | $11.9M | 25x | as long as short |
| Gate ETH_USDT | −0.0093% | 8h | 2,769.8 | −0.028% | $3.29B | $8.89B | 200x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,768.8 | −0.063% | $5K | $1K | 50x | as long as short |
| SoDEX ETH-USD | −0.0032% | 1h | 2,767.7 | −0.103% | $55.1M | $228.8M | 40x | as long as short |
| 01 Exchange ETHUSD | −0.0024% | 1h | 2,767.4 | −0.113% | $168K | $1.2M | 50x | as long as short |
| Bullet ETH-USD | −0.0019% | 1h | 2,766.7 | −0.137% | $182K | $1.7M | 20x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,769.1 | −0.054% | $12.7M | $45.8M | 50x | as long as short |
Show all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXETHPERP | 0.0000% | 8h | 2,769.4 | −0.041% | $8.1M | $690.2M | 4.9x | as long as short |
| Phoenix ETH | +0.0003% | 1h | 2,771.4 | +0.031% | $876K | $3.7M | 25x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,767.6 | −0.105% | $22.4M | — | 200x | as long as short |
| OKX ETH-USDT-SWAP | +0.0020% | 8h | 2,769.1 | −0.052% | $1.71B | $11.78B | 100x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0025% / S +0.0009% | 1h | 2,767.5 | −0.110% | $12.7M | — | 200x | as long as short |
| Aftermath Perps ETHUSD | +0.0037% | 1h | 2,772.4 | +0.067% | $29K | $22K | 20x | as long as short |
| Aster ETHUSDT | +0.0038% | 8h | 2,769.6 | −0.033% | $256.2M | $1.00B | 200x | as long as short |
| Deribit ETH-PERPETUAL | +0.0050% | 1h | 2,769.2 | −0.049% | $259.1M | $220.5M | 50x | as long as short |
| Aevo ETH-PERP | +0.0056% | 1h | 2,767.8 | −0.098% | $5.0M | $366K | 20x | as long as short |
| MEXC ETH_USDT | +0.0057% | 8h | 2,769.4 | −0.040% | $1.61B | $2.62B | 500x | as long as short |
| Binance ETHUSDT | +0.0058% | 8h | 2,769.5 | −0.039% | $6.46B | $17.19B | 150x | as long as short |
| Bybit ETHUSDT | +0.0063% | 8h | 2,769.4 | −0.042% | $2.51B | $4.58B | 150x | as long as short |
| Bitget ETHUSDT | +0.0066% | 8h | 2,769.4 | −0.043% | $2.10B | $3.07B | 150x | as long as short |
| KuCoin ETHUSDTM | +0.0080% | 8h | 2,769.6 | −0.033% | $422.2M | $734.3M | 100x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0080% | 1h | 2,769.5 | −0.038% | $60.7M | $4.57B | 50x | as long as short |
| Vest ETH-PERP | +0.0094% | 1h | 2,768.2 | −0.086% | — | $1.1M | 50x | as long as short |
| HTX ETH-USDT | +0.0095% | 8h | 2,768.2 | −0.084% | $1.08B | $1.31B | 200x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,768.3 | −0.080% | $115.0M | $455.8M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,769.7 | −0.030% | $25.2M | $109.6M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0099% | 8h | 2,767.4 | −0.115% | $15.9M | $9.8M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,767.2 | −0.121% | $482K | $2.9M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,768 | −0.092% | $14.6M | $118.1M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,771.5 | +0.035% | $3.17B | $2.30B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,769.1 | −0.052% | $31.2M | $319.4M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,768 | −0.092% | $2.8M | $17.3M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,768.2 | −0.085% | $2.7M | $17.4M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,770.5 | −0.001% | $170.6M | $266.1M | 25x | as long as short |
| BingX ETH-USDT | +0.0100% | 8h | 2,769.8 | −0.029% | — | $1.24B | — | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,769.6 | −0.035% | $15.2M | $44.1M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,771.4 | +0.032% | $151.3M | $343.5M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,769.8 | −0.027% | $181.8M | $784.6M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,770.8 | +0.011% | $161.1M | $88.7M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,770.1 | −0.016% | $21.4M | $58.5M | 40x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,767.2 | −0.121% | $10.6M | $8.1M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,767.6 | −0.105% | $21K | $24K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,769.1 | −0.053% | $42.6M | $29.4M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,767.4 | −0.114% | $969K | $13.8M | 100x | as long as short |
| Phemex ETHUSDT | +0.0100% | 8h | 2,768.6 | −0.070% | $269.6M | $68.1M | 150x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,769 | −0.055% | $32.5M | $78.0M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0104% / S +0.0048% | 1h | 2,769.3 | −0.046% | — | $41.7M | 500x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0134% | 1h | 2,769.7 | −0.030% | $94.1M | $331.8M | 100x | as long as short |
| Orderly PERP_ETH_USDCshort | +0.0146% | 8h | 2,769.3 | −0.045% | $32.6M | $12.1M | 100x | |
| BloFin ETH-USDT | +0.0178% | 8h | 2,767.6 | −0.106% | $287.0M | $192.5M | 150x | as long as short |
| Hibachi ETH/USDT-P | +0.0184% | 1h | 2,770.2 | −0.011% | $252K | $1.6M | 20x | as long as short |
| Reya ETHRUSDPERP | +0.0207% | 1h | 2,766.8 | −0.137% | $7.3M | $1.2M | 25x | as long as short |
ApeX Omni ETHUSDT
Injective ETH/USDC PERP
RISEx ETH/USDC
Gate ETH_USDT
SoDEX ETH-USD
01 Exchange ETHUSD
Bullet ETH-USD
Kalshi KXETHPERP
Phoenix ETH
gTrade (Gains Network) ETH/USD
OKX ETH-USDT-SWAP
GMX ETH/USD [ETH-USDC]
Aftermath Perps ETHUSD
Aster ETHUSDT
Deribit ETH-PERPETUAL
MEXC ETH_USDT
Binance ETHUSDT
Bybit ETHUSDT
Bitget ETHUSDT
KuCoin ETHUSDTM
Coinbase International ETH-PERP-INTX
HTX ETH-USDT
Lighter ETH
Lighter RH ETH
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Hyperliquid ETH
Pacifica ETH
Bulk ETH-USD
BingX ETH-USDT
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
SunX ETH-USDT
Phemex ETHUSDT
Extended ETH-USD
Kraken Futures PF_ETHUSD
BloFin ETH-USDT