Funding you earn now, next payment 06:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.048%
Price spread now: Orderly against Injective−4.323%58s7-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 −$9 a day on $10k at the current rate, and Orderly is 4.323% cheaper against Injective than usual: you would sell low and buy high (−$432 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | pay 0.0004% / 1h | 34m 07s | $321 | $51K | 5.5x |
| Short | Orderly PERP_ETHFI_USDC | 0.6927 | −0.0264 | pay 0.0132% / 4h | 2h 34m | $16K | $1K | 10x |
Injective ETHFI/USDC PERP
Orderly PERP_ETHFI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Injective. 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
- −$62.52
- Price spread: −4.323% → 0.000%
- −$432.32
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$500.86
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Injective and 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0471% | 1h | 0.6930 | −4.282% | $39K | $10K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0413% | 4h | 0.6923 | −4.378% | $80K | $183K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0412% | 1h | 0.6951 | −3.994% | $284K | $278K | 20x | as long as short |
| Bybit ETHFIUSDT | −0.0295% | 4h | 0.6928 | −4.309% | $17.2M | $12.8M | 25x | as long as short |
| Orderly PERP_ETHFI_USDCshort | −0.0264% | 4h | 0.6927 | −4.323% | $16K | $1K | 10x | |
| Variational Omni ETHFI | −0.0121% | 4h | 0.6938 | −4.165% | $906K | $762K | — | as long as short |
| Binance ETHFIUSDT | −0.0026% | 4h | 0.6926 | −4.330% | $24.0M | $35.6M | 75x | as long as short |
| Extended ETHFI-USD | −0.0024% | 1h | 0.6925 | −4.350% | $94K | $502K | 10x | as long as short |
| MEXC ETHFI_USDT | −0.0024% | 4h | 0.6927 | −4.323% | $15.7M | $4.1M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0001% | 8h | 0.6932 | −4.256% | $6K | — | 5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Bybit ETHFIUSDT
Variational Omni ETHFI
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Paradex ETHFI-USD-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ETHFIUSDT | +0.0005% | 4h | 0.6937 | −4.180% | $177K | $260K | 10x | as long as short |
| Injective ETHFI/USDC PERPlong | +0.0033% | 1h | 0.7240 | long leg | $321 | $51K | 5.5x | |
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.6925 | −4.351% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6935 | −4.214% | $1.1M | $831K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6929 | −4.289% | $16.8M | $8.4M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6933 | −4.240% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6934 | −4.227% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6939 | −4.157% | $1.2M | $232K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6931 | −4.268% | $6.0M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6927 | −4.323% | — | $8.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6937 | −4.184% | $62K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6942 | −4.116% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0214% | 4h | 0.6952 | −3.978% | $1.2M | $237K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7054 | −2.569% | $31K | $5K | 50x | as long as short |
Aster ETHFIUSDT
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
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