Funding you earn now, next payment 03:00 UTC−0.0388%/8h= −42.4% APRpaid last 24h −0.089%
Price spread now: Deribit against Orderly+0.014%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: −$12 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETHFI_USDC | 0.7093 | −0.0208 | get 0.0104% / 4h | 1h 08m | $16K | $1K | 10x |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.7094 | −0.0595 | pay 0.0074% / 1h | 8m 52s | $40K | $12K | 10x |
Orderly PERP_ETHFI_USDC
Deribit ETHFI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Orderly. 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
- −$81.39
- Price spread: +0.014% → 0.000%
- $1.41
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$92.98
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Deribit: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Orderly and Deribit: 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-PERPETUALshort | −0.0595% | 1h | 0.7094 | +0.014% | $40K | $12K | 10x | |
| Orderly PERP_ETHFI_USDClong | −0.0208% | 4h | 0.7093 | long leg | $16K | $1K | 10x | |
| HTX ETHFI-USDT | −0.0079% | 4h | 0.7092 | −0.014% | $87K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.072% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0079% | 8h | 0.7092 | −0.009% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7104 | +0.161% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7101 | +0.110% | $17.7M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7101 | +0.112% | $181K | $256K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7090 | −0.042% | $24.7M | $35.6M | 75x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7094 | +0.014% | $17.7M | $12.6M | 25x | as long as short |
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDT
Bybit ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7101 | +0.113% | $5.0M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7095 | +0.028% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7089 | −0.056% | $15.4M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7100 | +0.099% | $1.2M | $252K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7092 | −0.014% | $6.1M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7092 | −0.014% | — | $26.0M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7112 | +0.269% | $1.0M | $716K | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7102 | +0.127% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7089 | −0.062% | $97K | $379K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7019 | −1.040% | $8K | — | 3x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0307% | 1h | 0.7103 | +0.135% | $264K | $212K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7101 | +0.113% | $1.2M | $248K | 75x | as long as short |
| Polymarket Perps ETHFI-USD | +0.0411% | 1h | 0.7113 | +0.283% | $71K | $118K | 5x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0512% | 1h | 0.7169 | +1.071% | $31K | $6K | 50x | as long as short |
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Variational Omni ETHFI
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT
Polymarket Perps ETHFI-USD
Coinbase International ETHFI-PERP-INTX