Funding you earn now, next payment 08:00 UTC−0.0111%/8h= −12.2% APRnext payment −$1.11 per $10,000 · paid last 24h −0.034%
Price spread now: Aster against Orderly−0.121%7-day average −0.070% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.253%−$25 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.121%, 7d avg −0.070%
=Together, before fees−0.157%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.051% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.070%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETH_USDC | 2,732 | 0.0189 | pay 0.0189% / 8h | 2h 56m | $32.1M | $11.5M | 100x |
| Short | Aster ETHUSDT | 2,728.7 | 0.0078 | get 0.0078% / 8h | 2h 56m | $252.5M | $843.0M | 200x |
Orderly PERP_ETH_USDC
Aster ETHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$23.39
- Price spread: −0.121% → −0.070%
- −$5.12
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$42.51
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Aster: live order book, 3 min ago. 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 Aster live order book, 3 min ago | 0.02 bp | 4.0 bp −$4 | 4.7 bp −$47 | 6.2 bp −$624 | 11.9 bp −$5,960 |
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 | −0.0335% | 43m | 2,728.1 | −0.142% | $288K | $5.7M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,726.3 | −0.209% | $5K | $1K | 50x | as long as short |
| HTX ETH-USDT | −0.0020% | 8h | 2,729 | −0.111% | $1.05B | $1.21B | 200x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,729.4 | −0.097% | $11.9M | — | 200x | as long as short |
| Phoenix ETH | −0.0006% | 1h | 2,727.6 | −0.161% | $814K | $3.0M | 25x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,728.6 | −0.123% | $10.7M | $42.1M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0006% | 1h | 2,729.6 | −0.087% | $28.0M | — | 200x | as long as short |
| Injective ETH/USDC PERP | +0.0009% | 1h | 2,726.5 | −0.202% | $117K | $22.5M | 52x | as long as short |
| BingX ETH-USDC | +0.0030% | 8h | 2,728.6 | −0.124% | — | $18.5M | — | as long as short |
| Bybit ETHUSDT | +0.0039% | 8h | 2,728.6 | −0.124% | $2.36B | $4.40B | 150x | as long as short |
Perpl ETH
Hotstuff ETH-PERP
HTX ETH-USDT
GMX ETH/USD [ETH-USDC]
Phoenix ETH
dYdX ETH-USD
gTrade (Gains Network) ETH/USD
Injective ETH/USDC PERP
BingX ETH-USDC
Bybit ETHUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ETHUSD | +0.0040% | 1h | 2,729.2 | −0.103% | $186K | $785K | 50x | as long as short |
| Deribit ETH-PERPETUAL | +0.0054% | 1h | 2,730.5 | −0.056% | $258.5M | $203.1M | 50x | as long as short |
| SunX ETH-USDT | +0.0058% | 8h | 2,728.7 | −0.121% | $958K | $11.1M | 100x | as long as short |
| KuCoin ETHUSDTM | +0.0065% | 8h | 2,728.6 | −0.126% | $378.2M | $576.0M | 100x | as long as short |
| ApeX Omni ETHUSDT | +0.0076% | 1h | 2,728 | −0.148% | $8.7M | $31.2M | 100x | as long as short |
| Aster ETHUSDTshort | +0.0078% | 8h | 2,728.7 | −0.121% | $252.5M | $843.0M | 200x | |
| Aevo ETH-PERP | +0.0080% | 1h | 2,727.5 | −0.165% | $4.9M | $155K | 20x | as long as short |
| Bullet ETH-USD | +0.0081% | 1h | 2,728.7 | −0.121% | $177K | $1.7M | 20x | as long as short |
| Aftermath Perps ETHUSD | +0.0083% | 1h | 2,728.6 | −0.124% | $30K | $20K | 20x | as long as short |
| MEXC ETH_USDT | +0.0083% | 8h | 2,728.1 | −0.142% | $1.56B | $2.55B | 500x | as long as short |
| Binance ETHUSDT | +0.0084% | 8h | 2,728.8 | −0.119% | $6.33B | $15.97B | 150x | as long as short |
| OKX ETH-USDT-SWAP | +0.0084% | 8h | 2,728.8 | −0.117% | $1.67B | $10.75B | 100x | as long as short |
| Phemex ETHUSDT | +0.0087% | 8h | 2,729 | −0.109% | $264.2M | $64.1M | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,729.2 | −0.103% | $112.0M | $428.3M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,730.9 | −0.040% | $23.4M | $102.7M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,729 | −0.111% | — | $31.0M | 500x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,728.3 | −0.136% | $500K | $3.4M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,730.1 | −0.070% | $15.4M | $8.0M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,727.9 | −0.150% | $13.7M | $104.9M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,730.9 | −0.041% | $3.09B | $2.05B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,729.6 | −0.088% | $31.8M | $334.3M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,729.6 | −0.088% | $2.7M | $16.7M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,728.7 | −0.121% | $1.5M | $16.1M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,728.8 | −0.119% | $3.33B | $8.83B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,728.7 | −0.121% | $2.08B | $2.74B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,728.5 | −0.128% | $15.0M | $42.7M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,728.8 | −0.116% | $134.6M | $323.6M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,726.1 | −0.215% | $183.4M | $673.4M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,727.4 | −0.169% | $158.7M | $87.2M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,730.2 | −0.066% | $21.0M | $73.8M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,729.7 | −0.084% | — | $846K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,729.7 | −0.085% | $11.2M | $9.5M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,729.8 | −0.081% | $21K | $20K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,730.9 | −0.039% | $40.9M | $30.1M | 15x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,729.4 | −0.096% | $54.4M | $187.8M | 40x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,726.9 | −0.185% | $164.5M | $309.8M | 25x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,727.9 | −0.151% | $30.6M | $73.8M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,730.4 | −0.058% | $50.1M | $4.28B | 50x | as long as short |
| RISEx ETH/USDC | +0.0108% | 1h | 2,728.6 | −0.123% | $5.6M | $11.7M | 25x | as long as short |
| Kalshi KXETHPERP | +0.0127% | 8h | 2,729.7 | −0.085% | $6.4M | $688.1M | 4.9x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0176% | 1h | 2,729.8 | −0.082% | $83.0M | $316.8M | 100x | as long as short |
| Orderly PERP_ETH_USDClong | +0.0189% | 8h | 2,732 | long leg | $32.1M | $11.5M | 100x | |
| Reya ETHRUSDPERP | +0.0205% | 1h | 2,727.5 | −0.166% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0232% | 1h | 2,732.3 | +0.012% | $250K | $1.4M | 20x | as long as short |
| BloFin ETH-USDT | +0.0332% | 8h | 2,730.6 | −0.051% | $283.8M | $174.7M | 150x | as long as short |
01 Exchange ETHUSD
Deribit ETH-PERPETUAL
SunX ETH-USDT
KuCoin ETHUSDTM
ApeX Omni ETHUSDT
Aevo ETH-PERP
Bullet ETH-USD
Aftermath Perps ETHUSD
MEXC ETH_USDT
Binance ETHUSDT
OKX ETH-USDT-SWAP
Phemex ETHUSDT
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SoDEX ETH-USD
Bulk ETH-USD
Extended ETH-USD
Coinbase International ETH-PERP-INTX
RISEx ETH/USDC
Kalshi KXETHPERP
Kraken Futures PF_ETHUSD
Reya ETHRUSDPERP
Hibachi ETH/USDT-P
BloFin ETH-USDT