ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.38 per $10,000 · paid last 24h −0.036%

Price spread now: KuCoin against Orderly−0.120%7-day average −0.082% · you buy dearer than you sell

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

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.290%−$29 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.120%, 7d avg −0.082%

Together, before fees−0.219%−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.039% cheaper against Orderly than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ETH_USDC	2,774.8	0.0138	pay 0.0138% / 8h	1h 48m	$32.5M	$12.0M	100x
Short	KuCoin ETHUSDTM	2,771.4	0.0100	get 0.0100% / 8h	1h 48m	$423.9M	$738.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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 OrderlybpFee KuCoinbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$8.07
Price spread: −0.120% → −0.082%: −$3.88
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.96
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	0.02 bp	6.0 bp −$6	7.0 bp −$70	10.7 bp −$1,074	doesn't fit

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	2,771.8	−0.106%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,770.6	−0.151%	$5.7M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,772.2	−0.093%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,762.7	−0.435%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,771.4	−0.122%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0010%	1h	2,771.9	−0.104%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,772.8	−0.071%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,772	−0.100%	$884K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.5	−0.081%	$22.4M	—	200x	as long as short
BingX ETH-USDC	+0.0018%	8h	2,770	−0.172%	—	$17.3M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0018%	8h	2,772.3	−0.089%	$267.0M	$65.7M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,770.5	−0.156%	$1.71B	$11.82B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,772.4	−0.086%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0030%	8h	2,770.9	−0.142%	$256.2M	$992.0M	200x	as long as short
Bullet ETH-USD	+0.0037%	1h	2,771.5	−0.117%	$182K	$1.8M	20x	as long as short
Nado ETH-PERP	+0.0038%	1h	2,771.1	−0.133%	$14.3M	$118.3M	50x	as long as short
MEXC ETH_USDT	+0.0052%	8h	2,770.9	−0.141%	$1.61B	$2.64B	500x	as long as short
Binance ETHUSDT	+0.0052%	8h	2,771.1	−0.134%	$6.43B	$17.14B	150x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,770.9	−0.139%	$5.0M	$636K	20x	as long as short
Hibachi ETH/USDT-P	+0.0064%	1h	2,774	−0.028%	$289K	$1.5M	20x	as long as short
SoDEX ETH-USD	+0.0070%	1h	2,772.8	−0.071%	$55.2M	$228.6M	40x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,770.3	−0.163%	$2.10B	$3.11B	150x	as long as short
Gate ETH_USDT	+0.0083%	8h	2,770.5	−0.154%	$3.29B	$9.55B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,771.4	−0.123%	$114.9M	$496.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,772.9	−0.069%	$25.4M	$120.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,772.4	−0.085%	—	$41.4M	500x	as long as short
HTX ETH-USDT	+0.0097%	8h	2,772.4	−0.087%	$1.08B	$1.32B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,770	−0.171%	$15.9M	$10.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,771.1	−0.133%	$480K	$2.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.6	−0.043%	$3.19B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.4	−0.122%	$31.2M	$295.5M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,770.9	−0.140%	$2.51B	$4.61B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.8	−0.179%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,772.5	−0.081%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.6	−0.151%	$166.0M	$246.3M	25x	as long as short
KuCoin ETHUSDTMshort	+0.0100%	8h	2,771.4	−0.120%	$423.9M	$738.3M	100x
Backpack ETH_USDC_PERP	+0.0100%	1h	2,773.3	−0.054%	$15.2M	$43.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.1	−0.169%	$135.6M	$326.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.7	−0.148%	$179.6M	$779.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,771.6	−0.113%	$161.2M	$94.7M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,771.8	−0.108%	$8.7M	$32.7M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,772.8	−0.071%	$21.4M	$57.9M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,773	−0.064%	$10.8M	$7.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772.7	−0.074%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,774.4	−0.012%	$42.7M	$29.3M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771.1	−0.133%	$972K	$14.0M	100x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,772.2	−0.093%	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,769.6	−0.185%	$31.4M	$74.9M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,774.3	−0.017%	$59.9M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0108%	8h	2,772.9	−0.068%	$8.5M	$673.1M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0118%	1h	2,774	−0.027%	$258.4M	$224.1M	50x	as long as short
Orderly PERP_ETH_USDClong	+0.0138%	8h	2,774.8	long leg	$32.5M	$12.0M	100x
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,774.1	−0.023%	$86.2M	$330.5M	100x	as long as short
BloFin ETH-USDT	+0.0173%	8h	2,772.9	−0.067%	$285.2M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0188%	1h	2,771.5	−0.116%	$7.3M	$1.1M	25x	as long as short