Funding you earn now, next payment 08:00 UTC−0.0338%/8h= −37.0% APRnext payment −$1.69 per $10,000 · paid last 24h −0.047%
Price spread now: Orderly against Bitget−0.028%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Orderly is 0.028% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ETHFIUSDT | 0.7028 | 0.0100 | pay 0.0050% / 4h | 3h 54m | $6.0M | $5.2M | 75x |
| Short | Orderly PERP_ETHFI_USDC | 0.7026 | −0.0238 | pay 0.0119% / 4h | 3h 54m | $16K | $1K | 10x |
Bitget ETHFIUSDT
Orderly PERP_ETHFI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bitget. 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
- −$70.97
- Price spread: −0.028% → 0.000%
- −$2.85
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$91.82
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bitget: 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 Bitget live order book, 4 min ago | 2.13 bp | 16.7 bp −$17 | 25.9 bp −$259 | doesn't fit | 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 | −0.0906% | 4h | 0.7056 | +0.398% | $87K | $171K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0603% | 1h | 0.7028 | 0.000% | $40K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0305% | 1h | 0.7031 | +0.044% | $263K | $209K | 20x | as long as short |
| Orderly PERP_ETHFI_USDCshort | −0.0238% | 4h | 0.7026 | −0.028% | $16K | $1K | 10x | |
| Paradex ETHFI-USD-PERP | +0.0001% | 8h | 0.7059 | +0.447% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.017% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDT | +0.0059% | 4h | 0.7030 | +0.028% | $17.6M | $12.6M | 25x | as long as short |
| Variational Omni ETHFI | +0.0065% | 4h | 0.7037 | +0.125% | $980K | $703K | — | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7025 | −0.042% | $96K | $379K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0089% | 4h | 0.7027 | −0.014% | $24.4M | $35.1M | 75x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Bybit ETHFIUSDT
Variational Omni ETHFI
Extended ETHFI-USD
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ETHFI_USDT | +0.0090% | 4h | 0.7038 | +0.142% | $16.0M | $4.0M | 125x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7037 | +0.124% | $1.1M | $841K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7034 | +0.083% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7059 | +0.445% | $180K | $224K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7037 | +0.128% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7041 | +0.185% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7045 | +0.242% | $1.2M | $229K | 50x | as long as short |
| Bitget ETHFIUSDTlong | +0.0100% | 4h | 0.7028 | long leg | $6.0M | $5.2M | 75x | |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7034 | +0.085% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7042 | +0.198% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7035 | +0.100% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7027 | −0.009% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0330% | 4h | 0.7056 | +0.398% | $1.2M | $244K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7075 | +0.669% | $31K | $6K | 50x | as long as short |
MEXC ETHFI_USDT
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX