Funding you earn now, next payment 04:00 UTC−0.0294%/8h= −32.2% APRnext payment −$1.47 per $10,000 · paid last 24h −0.061%
Price spread now: Orderly against KuCoin−0.279%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 −$9 a day on $10k at the current rate, and Orderly is 0.279% cheaper against KuCoin than usual: you would sell low and buy high (−$28 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 | KuCoin ETHFIUSDTM | 0.7171 | 0.0100 | pay 0.0050% / 4h | 3h 52m | $1.2M | $269K | 50x |
| Short | Orderly PERP_ETHFI_USDC | 0.7151 | −0.0194 | pay 0.0097% / 4h | 3h 52m | $16K | $1K | 10x |
KuCoin ETHFIUSDTM
Orderly PERP_ETHFI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against KuCoin. 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
- −$61.67
- Price spread: −0.279% → 0.000%
- −$27.89
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$107.56
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago | 6.99 bp | 54.1 bp −$54 | 174.0 bp −$1,740 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | −0.0546% | 4h | 0.7153 | −0.251% | $18.1M | $13.2M | 25x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0309% | 1h | 0.7156 | −0.209% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDCshort | −0.0194% | 4h | 0.7151 | −0.279% | $16K | $1K | 10x | |
| HTX ETHFI-USDT | −0.0134% | 4h | 0.7161 | −0.139% | $83K | $166K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0045% | 8h | 0.7167 | −0.058% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | −0.0003% | 4h | 0.7158 | −0.188% | $1.0M | $746K | — | as long as short |
| MEXC ETHFI_USDT | +0.0014% | 4h | 0.7171 | 0.000% | $15.4M | $3.8M | 125x | as long as short |
| Extended ETHFI-USD | +0.0016% | 1h | 0.7164 | −0.099% | $93K | $497K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0017% | 4h | 0.7149 | −0.301% | $24.9M | $37.4M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.962% | $321 | $51K | 5.5x | as long as short |
Bybit ETHFIUSDT
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
MEXC ETHFI_USDT
Extended ETHFI-USD
Binance ETHFIUSDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ETHFI-USDT | +0.0064% | 4h | 0.7181 | +0.139% | $1.3M | $282K | 75x | as long as short |
| Gate ETHFI_USDT | +0.0070% | 4h | 0.7175 | +0.056% | $1.7M | $2.0M | 75x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7150 | −0.293% | $9K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7162 | −0.128% | $1.1M | $894K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7173 | +0.029% | $18.0M | $9.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7174 | +0.036% | $183K | $258K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7156 | −0.209% | $5.0M | $12.6M | 20x | as long as short |
| KuCoin ETHFIUSDTMlong | +0.0100% | 4h | 0.7171 | long leg | $1.2M | $269K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7156 | −0.209% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7171 | 0.000% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7170 | −0.007% | $59K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7174 | +0.042% | $1K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7237 | +0.920% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0221% | 1h | 0.7164 | −0.103% | $275K | $162K | 20x | as long as short |
BloFin ETHFI-USDT
Gate ETHFI_USDT
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD