Funding you earn now, next payment 00:00 UTC−0.0290%/8h= −31.7% APRnext payment −$1.45 per $10,000 · paid last 24h −0.053%
Price spread now: Orderly against KuCoin−0.055%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$9 a day on $10k at the current rate, and Orderly is 0.055% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ETHFIUSDTM | 0.7234 | 0.0100 | pay 0.0050% / 4h | 46m 12s | $1.2M | $272K | 50x |
| Short | Orderly PERP_ETHFI_USDC | 0.7230 | −0.0190 | pay 0.0095% / 4h | 46m 12s | $17K | $1K | 10x |
KuCoin ETHFIUSDTM
Orderly PERP_ETHFI_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against KuCoin. 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
- −$60.86
- Price spread: −0.055% → 0.000%
- −$5.53
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$84.39
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago | 6.22 bp | 47.8 bp −$48 | 153.8 bp −$1,538 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0354% | 4h | 0.7209 | −0.346% | $84K | $164K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0303% | 1h | 0.7233 | −0.014% | $42K | $18K | 10x | as long as short |
| Orderly PERP_ETHFI_USDCshort | −0.0190% | 4h | 0.7230 | −0.055% | $17K | $1K | 10x | |
| Extended ETHFI-USD | +0.0032% | 1h | 0.7229 | −0.064% | $94K | $493K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0032% | 4h | 0.7230 | −0.055% | $15.3M | $3.8M | 125x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.083% | $321 | $51K | 5.5x | as long as short |
| Binance ETHFIUSDT | +0.0034% | 4h | 0.7228 | −0.083% | $25.1M | $37.3M | 75x | as long as short |
| Aster ETHFIUSDT | +0.0041% | 4h | 0.7231 | −0.046% | $185K | $262K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0051% | 8h | 0.7228 | −0.089% | $6K | — | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7227 | −0.100% | $9K | — | 3x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Extended ETHFI-USD
MEXC ETHFI_USDT
Injective ETHFI/USDC PERP
Binance ETHFIUSDT
Aster ETHFIUSDT
Paradex ETHFI-USD-PERP
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7239 | +0.075% | $1.1M | $896K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7242 | +0.111% | $18.3M | $8.9M | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7229 | −0.069% | $18.3M | $13.1M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7230 | −0.055% | $5.0M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7234 | 0.000% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTMlong | +0.0100% | 4h | 0.7234 | long leg | $1.2M | $272K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7228 | −0.083% | $6.2M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7233 | −0.014% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7232 | −0.033% | $1.0M | $729K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7231 | −0.041% | $60K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7229 | −0.069% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0130% | 4h | 0.7229 | −0.069% | $1.3M | $292K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7237 | +0.041% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0547% | 1h | 0.7238 | +0.051% | $278K | $160K | 20x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD