Funding you earn now, next payment 06:00 UTC−0.0081%/8h= −8.9% APRpaid last 24h −0.035%
Price spread now: RISEx against Orderly−0.001%7-day average −0.062% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.001%, 7d avg −0.062%
=The price spread pays, funding is against you. RISEx is 0.061% dearer against Orderly than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.062%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETH_USDC | 2,730.9 | 0.0189 | pay 0.0189% / 8h | 2h 49m | $32.1M | $11.4M | 100x |
| Short | RISEx ETH/USDC | 2,730.8 | 0.0108 | get 0.0013% / 1h | 49m 44s | $5.6M | $11.7M | 25x |
Orderly PERP_ETH_USDC
RISEx ETH/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$17.09
- Price spread: −0.001% → −0.062%
- $6.1
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$22.99
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; RISEx: live order book, 4 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 RISEx live order book, 4 min ago | 0.02 bp | 3.0 bp −$3 | 3.5 bp −$35 | doesn't fit | 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 | −0.0335% | 43m | 2,730 | −0.032% | $288K | $5.7M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,730.4 | −0.018% | $5K | $1K | 50x | as long as short |
| HTX ETH-USDT | −0.0015% | 8h | 2,728.4 | −0.090% | $1.05B | $1.21B | 200x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,729.7 | −0.043% | $11.9M | — | 200x | as long as short |
| Phoenix ETH | −0.0009% | 1h | 2,730.9 | 0.000% | $815K | $3.0M | 25x | as long as short |
| dYdX ETH-USD | +0.0006% | 1h | 2,728.5 | −0.088% | $10.7M | $42.2M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0006% | 1h | 2,729.9 | −0.037% | $28.0M | — | 200x | as long as short |
| Injective ETH/USDC PERP | +0.0009% | 1h | 2,730.1 | −0.029% | $117K | $22.5M | 52x | as long as short |
| BingX ETH-USDT | +0.0031% | 8h | 2,728.8 | −0.078% | — | $1.13B | — | as long as short |
| 01 Exchange ETHUSD | +0.0040% | 1h | 2,731.1 | +0.008% | $186K | $785K | 50x | 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-USDT
01 Exchange ETHUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHUSDT | +0.0040% | 8h | 2,729.1 | −0.067% | $2.36B | $4.40B | 150x | as long as short |
| Deribit ETH-PERPETUAL | +0.0051% | 1h | 2,729.3 | −0.059% | $258.4M | $203.2M | 50x | as long as short |
| Bullet ETH-USD | +0.0061% | 1h | 2,729.4 | −0.055% | $178K | $1.7M | 20x | as long as short |
| SunX ETH-USDT | +0.0063% | 8h | 2,727.2 | −0.134% | $957K | $11.2M | 100x | as long as short |
| KuCoin ETHUSDTM | +0.0069% | 8h | 2,729.2 | −0.063% | $377.7M | $576.8M | 100x | as long as short |
| Aftermath Perps ETHUSD | +0.0077% | 1h | 2,729.2 | −0.062% | $30K | $20K | 20x | as long as short |
| Aevo ETH-PERP | +0.0080% | 1h | 2,726.4 | −0.164% | $4.9M | $155K | 20x | as long as short |
| Aster ETHUSDT | +0.0080% | 8h | 2,729 | −0.069% | $252.4M | $843.1M | 200x | as long as short |
| OKX ETH-USDT-SWAP | +0.0085% | 8h | 2,729.2 | −0.063% | $1.67B | $10.75B | 100x | as long as short |
| MEXC ETH_USDT | +0.0086% | 8h | 2,729.1 | −0.065% | $1.56B | $2.55B | 500x | as long as short |
| Binance ETHUSDT | +0.0087% | 8h | 2,728.8 | −0.075% | $6.33B | $15.98B | 150x | as long as short |
| Phemex ETHUSDT | +0.0089% | 8h | 2,727.8 | −0.112% | $264.0M | $64.1M | 150x | as long as short |
| ApeX Omni ETHUSDT | +0.0090% | 1h | 2,727 | −0.143% | $8.7M | $31.2M | 100x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,729.3 | −0.058% | $111.9M | $429.0M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,730.7 | −0.009% | $23.4M | $102.8M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,730.3 | −0.020% | — | $31.0M | 500x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,730 | −0.033% | $499K | $3.4M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,731.5 | +0.022% | $15.4M | $8.0M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,730.2 | −0.025% | $13.7M | $104.9M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,730.9 | +0.001% | $3.09B | $2.04B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,729.9 | −0.036% | $31.8M | $333.9M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,727.9 | −0.109% | $2.7M | $16.7M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,729.3 | −0.057% | $1.5M | $16.1M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,729 | −0.071% | $165.1M | $317.5M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,728.8 | −0.078% | $3.34B | $8.84B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,728.9 | −0.073% | $2.08B | $2.74B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,727.6 | −0.122% | $15.0M | $42.7M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,729.7 | −0.043% | $134.4M | $324.3M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,726.8 | −0.149% | $183.1M | $672.2M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,728.8 | −0.078% | $158.8M | $87.4M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,730.2 | −0.025% | $21.0M | $73.8M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,731.5 | +0.023% | — | $846K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,731.8 | +0.033% | $11.2M | $9.5M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,729.2 | −0.062% | $22K | $21K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,730 | −0.033% | $40.9M | $30.1M | 15x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,727.9 | −0.109% | $54.3M | $187.9M | 40x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,727.8 | −0.113% | $30.6M | $73.8M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,728.9 | −0.073% | $50.1M | $4.28B | 50x | as long as short |
| RISEx ETH/USDCshort | +0.0108% | 1h | 2,730.8 | −0.001% | $5.6M | $11.7M | 25x | |
| Kalshi KXETHPERP | +0.0148% | 8h | 2,730.6 | −0.011% | $6.3M | $689.6M | 4.9x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0176% | 1h | 2,728.4 | −0.090% | $83.0M | $316.6M | 100x | as long as short |
| Orderly PERP_ETH_USDClong | +0.0189% | 8h | 2,730.9 | long leg | $32.1M | $11.4M | 100x | |
| Reya ETHRUSDPERP | +0.0204% | 1h | 2,729.6 | −0.047% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0232% | 1h | 2,731.1 | +0.008% | $249K | $1.4M | 20x | as long as short |
| BloFin ETH-USDT | +0.0341% | 8h | 2,730.3 | −0.022% | $282.7M | $174.6M | 150x | as long as short |
Bybit ETHUSDT
Deribit ETH-PERPETUAL
Bullet ETH-USD
SunX ETH-USDT
KuCoin ETHUSDTM
Aftermath Perps ETHUSD
Aevo ETH-PERP
Aster ETHUSDT
OKX ETH-USDT-SWAP
MEXC ETH_USDT
Binance ETHUSDT
Phemex ETHUSDT
ApeX Omni 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
Bulk 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
Extended ETH-USD
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
Kraken Futures PF_ETHUSD
Reya ETHRUSDPERP
Hibachi ETH/USDT-P
BloFin ETH-USDT