Funding you earn now, next payment 08:00 UTC−0.0273%/8h= −29.9% APRnext payment −$1.37 per $10,000 · paid last 24h −0.069%
Price spread now: Orderly against Binance0.000%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ETHFIUSDT | 0.6922 | −0.0020 | get 0.0010% / 4h | 21m 51s | $24.1M | $36.2M | 75x |
| Short | Orderly PERP_ETHFI_USDC | 0.6922 | −0.0294 | pay 0.0147% / 4h | 21m 51s | $16K | $1K | 10x |
Binance ETHFIUSDT
Orderly PERP_ETHFI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Binance. 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
- −$57.41
- Price spread: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$73.41
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 5 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 Binance live order book, 5 min ago | 0.72 bp | 13.6 bp −$14 | 31.1 bp −$311 | 193.7 bp −$19.4K | doesn't fit |
| 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.
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0417% | 4h | 0.6919 | −0.043% | $82K | $150K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0327% | 1h | 0.6925 | +0.043% | $41K | $11K | 10x | as long as short |
| Orderly PERP_ETHFI_USDCshort | −0.0294% | 4h | 0.6922 | 0.000% | $16K | $1K | 10x | |
| Variational Omni ETHFI | −0.0210% | 4h | 0.6912 | −0.141% | $911K | $785K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0098% | 8h | 0.6923 | +0.011% | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | −0.0070% | 4h | 0.6924 | +0.029% | $17.0M | $13.0M | 25x | as long as short |
| Extended ETHFI-USD | −0.0024% | 1h | 0.6919 | −0.042% | $94K | $503K | 10x | as long as short |
| MEXC ETHFI_USDT | −0.0022% | 4h | 0.6923 | +0.014% | $15.7M | $4.2M | 125x | as long as short |
| Binance ETHFIUSDTlong | −0.0020% | 4h | 0.6922 | long leg | $24.1M | $36.2M | 75x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.594% | $321 | $51K | 5.5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Bybit ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.6920 | −0.029% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6930 | +0.116% | $1.1M | $828K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6928 | +0.084% | $16.6M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6922 | 0.000% | $177K | $253K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6929 | +0.101% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6930 | +0.116% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6923 | +0.014% | $1.2M | $224K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6924 | +0.029% | $6.0M | $4.8M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6924 | +0.029% | — | $10.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6929 | +0.098% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6919 | −0.043% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0216% | 4h | 0.6911 | −0.159% | $1.2M | $240K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0272% | 1h | 0.6990 | +0.982% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0824% | 1h | 0.6937 | +0.217% | $289K | $290K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD