Funding you earn now, next payment 04:00 UTC+0.0330%/8h= +36.1% APRnext payment +$1.65 per $10,000 · paid last 24h +0.045%
Price spread now: OKX against Orderly+0.156%50s7-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
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and OKX is 0.156% dearer against Orderly than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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 | Orderly PERP_ETHFI_USDC | 0.7041 | −0.0230 | get 0.0115% / 4h | 14m 35s | $16K | $1K | 10x |
| Short | OKX ETHFI-USDT-SWAP | 0.7052 | 0.0100 | get 0.0050% / 4h | 14m 35s | $5.0M | $12.4M | 20x |
Orderly PERP_ETHFI_USDC
OKX ETHFI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $69.3
- Price spread: +0.156% → 0.000%
- $15.62
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $68.92
- Costs to cover
- 0.160%
- Break-even
- 0.0 days
Slippage unknown: Orderly: no order-book sample; OKX: live order book, 4 min ago. 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 OKX live order book, 4 min ago | 1.42 bp | 14.2 bp −$14 | 43.4 bp −$434 | doesn't fit | doesn't fit |
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 | −0.0601% | 1h | 0.7044 | +0.043% | $40K | $12K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0346% | 4h | 0.7031 | −0.142% | $87K | $168K | 20x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0230% | 4h | 0.7041 | long leg | $16K | $1K | 10x | |
| Paradex ETHFI-USD-PERP | +0.0032% | 8h | 0.7041 | −0.002% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.826% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7045 | +0.061% | $264K | $209K | 20x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7050 | +0.124% | $1.1M | $883K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7056 | +0.219% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7051 | +0.141% | $180K | $264K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7043 | +0.028% | $24.5M | $35.2M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7043 | +0.028% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAPshort | +0.0100% | 4h | 0.7052 | +0.156% | $5.0M | $12.4M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7050 | +0.128% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7039 | −0.028% | $15.7M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7042 | +0.014% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7043 | +0.028% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7042 | +0.014% | — | $8.9M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7048 | +0.103% | $980K | $703K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7059 | +0.254% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7049 | +0.114% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7037 | −0.056% | $97K | $379K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7040 | −0.014% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7039 | −0.028% | $1.2M | $247K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7096 | +0.781% | $31K | $6K | 50x | as long as short |
Bybit ETHFIUSDT
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX