ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0088%/8h= +9.7% APRnext payment +$0.88 per $10,000 · paid last 24h +0.060%

Price spread now: Orderly against Gate+0.051%7-day average +0.084% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.316%+$32 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.051%, 7d avg +0.084%

Together, before fees+0.324%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.033% cheaper against Gate than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.084%). If the spread goes back, that is −$3 on $10k: about 30 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ETH_USDT	2,732.1	0.0100	pay 0.0100% / 8h	2h 18m	$3.29B	$9.02B	200x
Short	Orderly PERP_ETH_USDC	2,733.5	0.0188	get 0.0188% / 8h	2h 18m	$32.1M	$11.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OrderlybpOrdersPrice spread, now +0.051%Rate

Funding earned: $18.52
Price spread: +0.051% → +0.084%: −$3.31
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.79
Costs to cover: 0.210%
Break-even: 9.2 days

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	0.02 bp	7.5 bp −$8	7.5 bp −$75	10.1 bp −$1,012	17.0 bp −$8,514
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.

ETH on 55 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
Perpl ETH	−0.0447%	43m	2,729.9	−0.081%	$281K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,730.7	−0.051%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,731.2	−0.033%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,725.4	−0.245%	$815K	$3.0M	25x	as long as short
HTX ETH-USDT	−0.0005%	8h	2,731.2	−0.034%	$1.05B	$1.22B	200x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,731.6	−0.017%	$32.9M	—	200x	as long as short
dYdX ETH-USD	+0.0007%	1h	2,730.7	−0.052%	$10.4M	$42.6M	50x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,717.1	−0.549%	$117K	$22.5M	52x	as long as short
BingX ETH-USDT	+0.0035%	8h	2,732.1	0.000%	—	$1.13B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,730.6	−0.055%	$190K	$841K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0042%	8h	2,731	−0.042%	$2.35B	$4.41B	150x	as long as short
SunX ETH-USDT	+0.0075%	8h	2,730.7	−0.051%	$957K	$11.1M	100x	as long as short
KuCoin ETHUSDTM	+0.0077%	8h	2,731.6	−0.018%	$375.3M	$577.7M	100x	as long as short
Bullet ETH-USD	+0.0077%	1h	2,730.9	−0.044%	$181K	$1.7M	20x	as long as short
Phemex ETHUSDT	+0.0087%	8h	2,731.7	−0.014%	$263.3M	$65.0M	150x	as long as short
Aster ETHUSDT	+0.0087%	8h	2,731.5	−0.023%	$252.7M	$846.0M	200x	as long as short
Aftermath Perps ETHUSD	+0.0089%	1h	2,724.3	−0.286%	$30K	$20K	20x	as long as short
MEXC ETH_USDT	+0.0092%	8h	2,730.9	−0.043%	$1.54B	$2.60B	500x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,731.7	−0.015%	$6.33B	$16.12B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,731.8	−0.011%	$112.5M	$435.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,732.8	+0.026%	$23.5M	$104.0M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,729.2	−0.107%	$4.9M	$155K	20x	as long as short
OKX ETH-USDT-SWAP	+0.0097%	8h	2,731	−0.040%	$1.66B	$10.87B	100x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,720.3	−0.431%	$8.6M	$31.4M	100x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,729.5	−0.095%	$504K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,733.5	+0.050%	$15.2M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,730.6	−0.054%	$14.1M	$105.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,734	+0.070%	$3.09B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730.3	−0.067%	$32.0M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,729.6	−0.092%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,730.7	−0.051%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,722.5	−0.351%	$160.0M	$319.3M	25x	as long as short
Gate ETH_USDTlong	+0.0100%	8h	2,732.1	long leg	$3.29B	$9.02B	200x
Bitget ETHUSDT	+0.0100%	8h	2,731.2	−0.034%	$2.08B	$2.79B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.3	−0.030%	$15.0M	$42.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,724.5	−0.279%	$133.3M	$327.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,725.3	−0.247%	$184.6M	$678.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,720.5	−0.425%	$158.2M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,728.8	−0.121%	$21.0M	$70.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,731.6	−0.020%	—	$875K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,732.2	+0.004%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,731.7	−0.014%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,733.1	+0.036%	$41.0M	$30.2M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,731.4	−0.026%	$54.4M	$187.7M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,730.3	−0.064%	$30.4M	$74.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,731.4	−0.027%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,732.4	+0.012%	$49.8M	$4.31B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,730.6	−0.054%	$5.6M	$11.8M	25x	as long as short
Kalshi KXETHPERP	+0.0149%	8h	2,730.8	−0.048%	$6.9M	$692.5M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0175%	1h	2,732.6	+0.018%	$259.3M	$207.9M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,732	−0.005%	$83.2M	$311.5M	100x	as long as short
Orderly PERP_ETH_USDCshort	+0.0188%	8h	2,733.5	+0.051%	$32.1M	$11.5M	100x
Reya ETHRUSDPERP	+0.0199%	1h	2,730.3	−0.068%	$7.3M	$1.3M	25x	as long as short
Hibachi ETH/USDT-P	+0.0272%	1h	2,729.6	−0.093%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0376%	8h	2,731	−0.039%	$281.5M	$174.8M	150x	as long as short