ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0112%/8h= +12.3% APRnext payment +$1.12 per $10,000 · paid last 24h +0.047%

Price spread now: Orderly against OKX+0.052%7-day average +0.089% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.280%+$28 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.052%, 7d avg +0.089%

Together, before fees+0.306%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.036% cheaper against OKX than usual: you would sell low and buy high (spread +0.052% now, against its 7-day average of +0.089%). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ETH-USDT-SWAP	2,725.4	0.0072	pay 0.0072% / 8h	19m 58s	$1.65B	$10.79B	100x
Short	Orderly PERP_ETH_USDC	2,726.8	0.0184	get 0.0184% / 8h	19m 58s	$32.1M	$11.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee OrderlybpOrdersPrice spread, now +0.052%Rate

Funding earned: $23.6
Price spread: +0.052% → +0.089%: −$3.62
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $3.97
Costs to cover: 0.160%
Break-even: 5.8 days

Slippage unknown: OKX: 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 OKX live order book, 4 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	5.0 bp −$503	6.8 bp −$3,417
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	2,724.5	−0.033%	$275K	$5.7M	8.3x	as long as short
BloFin ETH-USDT	−0.0176%	8h	2,722.4	−0.111%	$281.5M	$177.3M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,723.7	−0.061%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0015%	1h	2,724.3	−0.039%	$808K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,725.4	+0.002%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,723.6	−0.066%	$10.5M	$41.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,724.2	−0.043%	$6.7M	$678.9M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,725.4	−0.001%	$263.6M	$213.8M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,725.5	+0.006%	$32.9M	—	200x	as long as short
BingX ETH-USDC	+0.0017%	8h	2,724.7	−0.025%	—	$18.6M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0020%	8h	2,725.3	−0.004%	$2.32B	$4.34B	150x	as long as short
HTX ETH-USDT	+0.0031%	8h	2,724.1	−0.048%	$1.05B	$1.22B	200x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,724.8	−0.021%	$190K	$884K	50x	as long as short
Injective ETH/USDC PERP	+0.0050%	1h	2,728.7	+0.122%	$200K	$21.5M	52x	as long as short
ApeX Omni ETHUSDT	+0.0051%	1h	2,722.5	−0.105%	$8.4M	$31.5M	100x	as long as short
Hibachi ETH/USDT-P	+0.0056%	1h	2,724.1	−0.046%	$241K	$1.4M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0060%	1h	2,725.4	+0.002%	$81.8M	$310.8M	100x	as long as short
OKX ETH-USDT-SWAPlong	+0.0072%	8h	2,725.4	long leg	$1.65B	$10.79B	100x
KuCoin ETHUSDTM	+0.0074%	8h	2,725.3	−0.004%	$382.0M	$577.6M	100x	as long as short
Aster ETHUSDT	+0.0076%	8h	2,725.2	−0.008%	$252.5M	$847.4M	200x	as long as short
MEXC ETH_USDT	+0.0088%	8h	2,725.2	−0.006%	$1.58B	$2.59B	500x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,723	−0.085%	$4.9M	$172K	20x	as long as short
Binance ETHUSDT	+0.0088%	8h	2,725.4	+0.001%	$6.30B	$16.12B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,725.7	+0.014%	$112.3M	$432.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,726.9	+0.058%	$23.4M	$102.4M	50x	as long as short
SoDEX ETH-USD	+0.0099%	1h	2,724.6	−0.028%	$54.3M	$182.7M	40x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,723.7	−0.061%	$500K	$3.6M	50x	as long as short
Aftermath Perps ETHUSD	+0.0100%	1h	2,724.6	−0.027%	$30K	$20K	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,727.9	+0.095%	$15.3M	$7.6M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,723.9	−0.053%	$14.0M	$104.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,727.6	+0.082%	$3.10B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,724.2	−0.043%	$31.9M	$333.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,722.3	−0.113%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,724.2	−0.043%	$1.6M	$16.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,725.5	+0.004%	$3.31B	$8.93B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,725.7	+0.012%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,725.2	−0.007%	$15.0M	$40.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,722.2	−0.115%	$133.6M	$316.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,721.7	−0.134%	$185.2M	$682.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,722.8	−0.093%	$158.2M	$81.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,724.1	−0.047%	$20.9M	$70.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,725.5	+0.006%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,725.8	+0.016%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,724.1	−0.045%	$182K	$1.7M	20x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,724.6	−0.026%	$40.8M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,723.4	−0.073%	$955K	$10.8M	100x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,724.6	−0.028%	$262.5M	$64.5M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,727.2	+0.067%	$162.8M	$356.2M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,724.7	−0.024%	$30.4M	$71.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,724.6	−0.028%	—	$30.2M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,725.9	+0.018%	$46.5M	$4.27B	50x	as long as short
RISEx ETH/USDC	+0.0114%	1h	2,724.6	−0.029%	$5.6M	$11.7M	25x	as long as short
Reya ETHRUSDPERP	+0.0180%	1h	2,723.4	−0.074%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDCshort	+0.0184%	8h	2,726.8	+0.052%	$32.1M	$11.2M	100x
Bluefin ETH-PERP	+0.0436%	1h	2,724.6	−0.028%	$20K	$23K	25x	as long as short