Funding you earn now, next payment 11:00 UTC−0.0321%/8h= −35.1% APRpaid last 24h −0.074%
Price spread now: Orderly against Extended−0.054%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
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Orderly is 0.054% cheaper against Extended than usual: you would sell low and buy high (−$5 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 | Extended ETHFI-USD | 0.6940 | −0.0008 | get 0.0001% / 1h | 8m 47s | $108K | $495K | 10x |
| Short | Orderly PERP_ETHFI_USDC | 0.6936 | −0.0329 | pay 0.0164% / 4h | 1h 08m | $16K | $1K | 10x |
Extended ETHFI-USD
Orderly PERP_ETHFI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Extended. 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
- −$67.31
- Price spread: −0.054% → 0.000%
- −$5.42
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$83.73
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 37 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 Extended live order book, 37 min ago | 2.23 bp | 18.3 bp −$18 | 165.8 bp −$1,658 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0470% | 1h | 0.6940 | +0.003% | $42K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDCshort | −0.0329% | 4h | 0.6936 | −0.054% | $16K | $1K | 10x | |
| Variational Omni ETHFI | −0.0240% | 4h | 0.6935 | −0.071% | $881K | $738K | — | as long as short |
| Bybit ETHFIUSDT | −0.0083% | 4h | 0.6945 | +0.075% | $16.9M | $11.8M | 25x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0078% | 8h | 0.6936 | −0.056% | $6K | — | 5x | as long as short |
| Binance ETHFIUSDT | −0.0012% | 4h | 0.6943 | +0.047% | $24.3M | $31.7M | 75x | as long as short |
| Extended ETHFI-USDlong | −0.0008% | 1h | 0.6940 | long leg | $108K | $495K | 10x | |
| MEXC ETHFI_USDT | −0.0008% | 4h | 0.6942 | +0.032% | $15.6M | $4.1M | 125x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.326% | $321 | $51K | 5.5x | as long as short |
| HTX ETHFI-USDT | +0.0059% | 4h | 0.6930 | −0.141% | $83K | $139K | 20x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Variational Omni ETHFI
Bybit ETHFIUSDT
Paradex ETHFI-USD-PERP
Binance ETHFIUSDT
MEXC ETHFI_USDT
Injective ETHFI/USDC PERP
HTX ETHFI-USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6935 | −0.069% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6954 | +0.207% | $1.1M | $729K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6949 | +0.139% | $16.5M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6951 | +0.167% | $178K | $162K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6951 | +0.162% | $5.2M | $12.0M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6947 | +0.104% | $1.7M | $1.8M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6944 | +0.061% | $1.2M | $181K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6946 | +0.090% | $6.2M | $3.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6947 | +0.104% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6942 | +0.034% | $52K | $170K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6946 | +0.090% | $2K | $1.0M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0230% | 4h | 0.6934 | −0.083% | $1.2M | $233K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0320% | 1h | 0.6957 | +0.248% | $35K | $10K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0576% | 1h | 0.6958 | +0.268% | $303K | $302K | 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-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD