Spread before costs (cost unknown: a leg has no order-book sample)−0.014%
7d average—if it closes, per $10,000$1funding while held, a day−$3.99
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ETHFI_USDT | 0.7245 | 0.0040 | pay 0.0020% / 4h | 14m 20s | $1.7M | $1.9M | 75x |
| Short | Orderly PERP_ETHFI_USDC | 0.7244 | −0.0093 | pay 0.0046% / 4h | 14m 20s | $17K | $66 | 10x |
Gate ETHFI_USDT
Orderly PERP_ETHFI_USDCPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$1.38
- Funding while held
- −$3.99
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$26.37
- Spread needed to break even
- 0.210%
Slippage unknown: Gate: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0133%
- Per $10,000 a day
- −$3.99
- Average in range /8h
- —
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 | 6.23 bp | 28.1 bp −$28 | 191.6 bp −$1,916 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.7211cheapestHTX0.7230+0.265%Bitget0.7242+0.431%BloFin0.7242+0.431%Extended0.7243+0.452%KuCoin0.7244+0.459%
Variational Omni
HTX
Bitget
BloFin
Extended
KuCoinOrderly0.7244+0.459%
Binance0.7244+0.462%
BinanceGate0.7245+0.473%
BingX0.7245+0.473%Aevo0.7245+0.473%Paradex0.7246+0.486%Bybit0.7246+0.487%OKX0.7246+0.487%Deribit0.7248+0.515%MEXC0.7250+0.542%Kraken Futures0.7250+0.546%Aster0.7251+0.560%SunX0.7253+0.584%Polymarket Perps0.7256+0.626%Lighter0.7257+0.641%Hyperliquid0.7258+0.660%Coinbase International0.7291+1.111%Injective0.7441+3.191%
BingX
Aevo
Paradex
Bybit
OKX
Deribit
MEXC
Kraken Futures
Aster
SunX
Polymarket Perps
Lighter
Hyperliquid
Coinbase International
InjectiveETHFI on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ETHFI | −0.471% | +0.0100% | 4h | $1.1M | $892K | — | as long as short |
| HTX ETHFI-USDT | −0.207% | −0.0022% | 4h | $84K | $160K | 20x | as long as short |
| Bitget ETHFIUSDT | −0.041% | +0.0100% | 4h | $6.2M | $5.8M | 75x | as long as short |
| BloFin ETHFI-USDT | −0.041% | +0.0340% | 4h | $1.4M | $272K | 75x | as long as short |
| Extended ETHFI-USD | −0.021% | +0.0104% | 1h | $97K | $479K | 10x | as long as short |
| KuCoin ETHFIUSDTM | −0.014% | +0.0100% | 4h | $1.2M | $276K | 50x | as long as short |
| Orderly PERP_ETHFI_USDCshort | −0.014% | −0.0093% | 4h | $17K | $66 | 10x | |
| Binance ETHFIUSDT | −0.011% | +0.0100% | 4h | $25.6M | $36.9M | 75x | as long as short |
| Gate ETHFI_USDTlong | 0.000% | +0.0040% | 4h | $1.7M | $1.9M | 75x | |
| BingX ETHFI-USDC | 0.000% | +0.0100% | 4h | — | $1.2M | — | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | 0.000% | +0.0104% | 1h | $9K | — | 3x | as long as short |
| Paradex ETHFI-USD-PERP | +0.013% | −0.0040% | 8h | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | +0.014% | +0.0100% | 4h | $18.8M | $13.2M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.014% | −0.0158% | 4h | $4.8M | $12.4M | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | +0.041% | −0.0302% | 1h | $46K | $17K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.069% | +0.0100% | 4h | $15.5M | $4.0M | 125x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.072% | −0.0028% | 1h | $279K | $192K | 20x | as long as short |
| Aster ETHFIUSDT | +0.087% | +0.0100% | 4h | $186K | $250K | 10x | as long as short |
| SunX ETHFI-USDT | +0.110% | +0.0100% | 4h | $2K | $1.0M | 20x | as long as short |
| Polymarket Perps ETHFI-USD | +0.152% | +0.0100% | 1h | $47K | $52K | 5x | as long as short |
| Lighter ETHFI | +0.167% | +0.0096% | 1h | $1.3M | $573K | 5x | as long as short |
| Hyperliquid ETHFI | +0.186% | +0.0100% | 1h | $19.7M | $7.1M | 5x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.635% | +0.0184% | 1h | $32K | $59K | 50x | as long as short |
| Injective ETHFI/USDC PERP | +2.705% | +0.0033% | 1h | $330 | $56K | 5.5x | as long as short |