Funding you earn now, next payment 10:00 UTC−0.0563%/8h= −61.7% APRpaid last 24h −0.137%
Price spread now: Deribit against OKX−0.114%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 −$17 a day on $10k at the current rate, and Deribit is 0.114% cheaper against OKX than usual: you would sell low and buy high (−$11 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 | OKX ETHFI-USDT-SWAP | 0.7015 | 0.0100 | pay 0.0050% / 4h | 2h 05m | $5.1M | $12.4M | 20x |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.7007 | −0.0463 | pay 0.0058% / 1h | 5m 36s | $43K | $13K | 10x |
OKX ETHFI-USDT-SWAP
Deribit ETHFI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against OKX. 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
- −$118.24
- Price spread: −0.114% → 0.000%
- −$11.4
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$146.65
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 1 min ago; Deribit: 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 OKX live order book, 1 min ago | 1.43 bp | 17.2 bp −$17 | 41.9 bp −$419 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 exchanges
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-PERPETUALshort | −0.0463% | 1h | 0.7007 | −0.114% | $43K | $13K | 10x | |
| Orderly PERP_ETHFI_USDC | −0.0313% | 4h | 0.6992 | −0.328% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0168% | 4h | 0.6993 | −0.315% | $933K | $723K | — | as long as short |
| HTX ETHFI-USDT | −0.0067% | 4h | 0.6991 | −0.342% | $83K | $133K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.207% | $321 | $51K | 5.5x | as long as short |
| Binance ETHFIUSDT | +0.0042% | 4h | 0.7012 | −0.047% | $24.6M | $32.3M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0044% | 4h | 0.7009 | −0.086% | $15.8M | $4.2M | 125x | as long as short |
| Extended ETHFI-USD | +0.0048% | 1h | 0.7009 | −0.081% | $111K | $499K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0053% | 8h | 0.7009 | −0.086% | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0089% | 4h | 0.7015 | 0.000% | $17.3M | $11.8M | 25x | as long as short |
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Binance ETHFIUSDT
MEXC ETHFI_USDT
Extended ETHFI-USD
Paradex ETHFI-USD-PERP
Bybit ETHFIUSDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7023 | +0.110% | $1.1M | $729K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7007 | −0.117% | $8K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7018 | +0.048% | $16.9M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7012 | −0.045% | $180K | $162K | 10x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.7015 | long leg | $5.1M | $12.4M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7013 | −0.029% | $1.7M | $1.8M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7012 | −0.043% | $1.2M | $182K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7013 | −0.029% | $6.3M | $3.8M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7014 | −0.014% | — | $11.5M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6998 | −0.242% | $53K | $148K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7002 | −0.185% | $1K | $1.0M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0184% | 4h | 0.7010 | −0.071% | $1.2M | $235K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.7040 | +0.356% | $32K | $5K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0996% | 1h | 0.7020 | +0.071% | $300K | $292K | 20x | as long as short |
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD