ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRnext payment −$1.10 per $10,000 · paid last 24h −0.053%

Price spread now: Orderly against Binance+0.095%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

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 pays, funding is against you. Orderly is 0.095% dearer against Binance than usual: you sell high and buy low (spread +0.095% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ETHFIUSDT	0.7138	0.0037	pay 0.0019% / 4h	1h 26m	$24.8M	$37.2M	75x
Short	Orderly PERP_ETHFI_USDC	0.7145	−0.0183	pay 0.0092% / 4h	1h 26m	$16K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now +0.095%Rate

Funding earned: −$46.24
Price spread: +0.095% → 0.000%: $9.45
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$52.79
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 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 Binance live order book, 15 min ago	0.70 bp	11.1 bp −$11	29.2 bp −$292	178.4 bp −$17.8K	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
Deribit ETHFI_USDC-PERPETUAL	−0.0728%	1h	0.7147	+0.123%	$42K	$18K	10x	as long as short
Kraken Futures PF_ETHFIUSD	−0.0253%	1h	0.7158	+0.275%	$281K	$148K	20x	as long as short
HTX ETHFI-USDT	−0.0233%	4h	0.7149	+0.151%	$83K	$165K	20x	as long as short
Orderly PERP_ETHFI_USDCshort	−0.0183%	4h	0.7145	+0.095%	$16K	$1K	10x
Paradex ETHFI-USD-PERP	+0.0032%	8h	0.7142	+0.047%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+1.425%	$321	$51K	5.5x	as long as short
Binance ETHFIUSDTlong	+0.0037%	4h	0.7138	long leg	$24.8M	$37.2M	75x
Extended ETHFI-USD	+0.0040%	1h	0.7140	+0.020%	$92K	$493K	10x	as long as short
MEXC ETHFI_USDT	+0.0042%	4h	0.7139	+0.010%	$15.1M	$3.8M	125x	as long as short
Bitget ETHFIUSDT	+0.0082%	4h	0.7140	+0.024%	$6.1M	$5.7M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.0088%	1h	0.7144	+0.078%	$9K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7144	+0.081%	$1.1M	$898K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7150	+0.162%	$18.1M	$8.9M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7146	+0.109%	$183K	$258K	10x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7144	+0.081%	$18.1M	$13.0M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7142	+0.052%	$4.9M	$12.5M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7147	+0.123%	$1.7M	$2.1M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7149	+0.151%	$1.2M	$272K	50x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.7142	+0.052%	—	$25.9M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7141	+0.040%	$1.0M	$755K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7148	+0.142%	$59K	$93K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7148	+0.137%	$2K	$1.1M	20x	as long as short
BloFin ETHFI-USDT	+0.0169%	4h	0.7138	−0.004%	$1.3M	$292K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0304%	1h	0.7168	+0.417%	$31K	$7K	50x	as long as short